Morgan Stanley Tops Analysts’ Estimates on Trading Revenue
Morgan Stanley (MS), owner of the world’s largest brokerage, reported a 66 percent earnings increase that beat…
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Citigroup Inc.
Citigroup To Cut 11,000 Jobs, Take $1 Bln Charge
Vikram Pandit hired thousands of employees and invested billions of dollars as he sought to boost Citigroup Inc.…
China’s CNOOC Scoped Nexen, Partnered, Then Pounced
When Canada's Nexen Inc fired its CEO in January, an oil giant on the other side of the world sprang into action.…
Wall Street Seeks Patience After Worst 1st Half Since ’08
Wall Street’s five biggest banks reported the worst start to a year since 2008. They’re still asking investors to…
Foreign Banks Plan To Expand China Workforce By 56%, Pwc Says
HSBC Holdings Plc (HSBA) and Citigroup Inc. (C) are among foreign banks in China that plan to boost their combined…
Investor Sues Barclays On Euribor Manipulation
Barclays Plc (BARC) was sued by an investor who claimed her futures-trading business was harmed by the bank’s…
Ex-Citigroup Executive Sentenced To 8 Years For Embezzling US$ 23 Mln
Ex-Citigroup Inc. (C) Vice President Gary Foster was sentenced to 97 months in prison for embezzling almost $23…
Citigroup Dismantles Committee Overseeing Toxic-Asset Division
Citigroup Inc. (C), the biggest U.S. bank to have regulators reject its capital plan this year, dismantled a board…
S&P 500 Hits Biggest Two-Day Rise in 2012
U.S. shares rose, giving the Standard & Poor’s 500 Index its biggest back-to-back advance in 2012, amid…
Four Banks Likely To Issue US$ 1.5 Bln Sovereign Bond In Dubai
Dubai has mandated four banks for a sovereign bond issue of up to $1.5 billion which may be launched as early as…
