NEW YORK (Reuters) - Bank of America <BAC.N> may extend its search for a new chief executive into next year if its board is unable to pick a candidate in the next four days, according to a report on the Bloomberg News website.
Friday, 20 Nov 2009 | Source: The Associated Press
JPMorgan Chase & Co. said Friday it is dropping a clause from its credit card contracts that required disputes with customers to be handled through binding arbitration, a move that could lead to consumers filing class-action and other lawsuits.
Thursday, 19 Nov 2009 | Source: The Associated Press
In another sign that the government's emergency financial programs are being reeled in, the Treasury Department said Thursday it will auction off warrants for three banks that it acquired as part of last fall's bailouts.
Thursday, 19 Nov 2009 | Source: The Associated Press
The Treasury Department said Thursday it will auction off warrants for three banks that it acquired as part of last fall's financial bailout. It's the latest government effort to reel in its emergency financial programs.
Thursday, 19 Nov 2009 | Source: The Associated Press
The foreclosure crisis likely will persist well into next year as high unemployment pushes more people out of homes, pulls down housing prices and raises concerns about the broader economic recovery.
About one quarter of the companies that cut contributions to their employees' 401(k) retirement-savings plans recently have restored the match or plan to do so over the next year, a study by Fidelity Investments has found.
Thursday, 19 Nov 2009 | Source: The Associated Press
U.S. bank J.P. Morgan Chase & Co. said Thursday it has bought full control of J.P. Morgan Cazenove in a 1 billion pound ($1.67 billion) deal with its joint venture partner, the venerable London financial house Cazenove Group Ltd.
JPMorgan Chase & Co. is beefing up in Europe by buying the half of Cazenove it does not already own in a deal valuing the 190-year old UK stockbroker at 2 billion pounds ($3.4 billion).
Friday, 20 Nov 2009 | Source: The Associated Press
Hershey Co. may make a $17 billion bid for UK candy company Cadbury PLC, topping the recent $16.5 billion hostile offer by Kraft Foods Inc., the Wall Street Journal reports Friday.
Wednesday, 18 Nov 2009 | Source: The New York Times
In a report released Tuesday by the comptroller of New York State, Wall Street profits in 2009 are on track to exceed the record set three years ago, reports the New York Times.
Wednesday, 18 Nov 2009 | Posted By:
Jeff Cox | Source: CNBC.com
Government regulators will break up institutions whose failure would bring down the entire financial system, under an amendment Rep. Paul Kanjorski will introduce today.
On a short holiday week where the Dow started off at a new 2009 high before losing ground Friday on concerns over Dubai's debt standing, the markets managed a mixed to flat performance for the week.... Read More
Has the financial sector stabilized—and if so, how can investors put their money to work? Jeffery Harte, managing director in equity research at Sandler O’Neill, and David Trone, managing director at Fox-Pitt, Kelton, discussed their outlook for the banks... Read More