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Financial Markets

A collection of news and information related to Financial Markets published by this site and its partners.

Top Financial Markets Articles

Displaying items 23-33
  • Senators urge Treasury to fix money fund tax concerns

    WASHINGTON (Reuters) - A bipartisan group of U.S. senators is pressuring the Treasury Department to relieve money market fund investors from tax rules that will kick in if the Securities and Exchange Commission decides to force some funds to float their...
  • Legal costs sapped 2nd-quarter profit at Bank of America

    CHARLOTTE, N.C. Bank of America returned to profit in the second quarter, but earnings were down 43 percent from a year ago as legal costs continued to be a drag on earnings. Legal expenses, which have dogged the Charlotte bank since the financial...
  • Shootout in central Athens as police arrest wanted guerrilla

    ATHENS (Reuters) - Greek police shot and wounded one of Greece's most wanted guerrilla group members in a chase through central Athens on Wednesday in which a policeman and two tourists were also hurt. Nikos Maziotis was charged in 2010 over a series...
  • With Citigroup paying up, will feds' attention now turn to BofA?

    With Citigroup paying up, will feds' attention now turn to BofA?
    With Citigroup Inc. agreeing to pay $7 billion for issuing toxic mortgage securities, the Justice Department now turns to settling its case against what analysts call the biggest mortgage miscreant of all: Bank of America Corp. The government has...
  • IMF warns further shocks would stall euro zone recovery

    BRUSSELS (Reuters) - Any new shocks could halt the euro zone's economic recovery, spoil improving market sentiment and eventually tip the region into deflation, the International Monetary Fund warned on Monday. The euro zone economy has been growing...
  • Citi settlement will recoup Illinois pension losses

    Illinois will receive $84 million as part of a national $7 billion settlement resolving allegations by federal and state authorities that Citigroup Inc. sold risky mortgage-backed securities that harmed investors, which included pension systems and...
  • Australia could take steps to reduce view banks too big to fail: report

    SYDNEY (Reuters) - Australia's main lenders are seen as too big to fail and policy options to reduce that perception include ringfencing critical banking activities and boosting capital requirements, according to a government-backed interim review. The...
  • Higher stock underwriting revenue boosts Goldman profit

    Higher stock underwriting revenue boosts Goldman profit
    (Reuters) - Goldman Sachs Group Inc GS.N posted a 5 percent rise in quarterly profit, spurred by higher revenue from stock underwriting and a smaller decline in fixed-income trading than many on Wall Street had predicted. The bank's stock was up 0.7...
  • Lionsgate, Alibaba plan subscription video streaming service in China

    Chinese e-commerce giant Alibaba and Lionsgate announced on Monday that they will launch a subscription streaming service for mainland China. The service, called Lionsgate Entertainment World, will allow users of the Alibaba platform to watch box-office...
  • Goldman's investment management business peeks out from trading's shadow

    NEW YORK (Reuters) - Late last year, Goldman Sachs reached an important milestone: its investment management business surpassed $1 trillion in client money under supervision. But the achievement went largely unnoticed as shareholders focused on...
  • Citi to pay $7 billion to settle mortgage securities probe

    Citi to pay $7 billion to settle mortgage securities probe
    Citigroup Inc has agreed to pay $7 billion to settle a U.S. investigation into shoddy mortgage-backed securities the bank sold in the run-up to the financial crisis, including the largest civil fraud penalty ever levied by the U.S. Justice Department....