315768 Stories, most recent news story added Thu Nov 26, 12:35 pm ET
European banks have 13 billion euros' worth of exposure to debt-laden Dubai, Swiss lender Credit Suisse estimated on Thursday after the Gulf state shocked investors by moving to suspend some repayments.
Nov. 26 (Bloomberg) -- Legal & General Group Plc, the U.K.’s second-biggest insurer by assets, was cut to “sell” from “hold” at Citigroup Inc., which cited “business model challenges.”
Nov. 26 (Bloomberg) -- Goldman Sachs Group Inc. will move Dominique Jooris to Hong Kong from London this month to become head of Asia ex-Japan investment-grade capital markets and hybrid capital solutions.
Nov. 26 (Bloomberg) -- Resolution Ltd., the insurance buyout company founded by Clive Cowdery, was rated “buy” in new coverage at Citigroup Inc.
Nov. 26 (Bloomberg) -- Deutsche Bank AG Chief Executive Officer Josef Ackermann said Germany’s largest bank is committed to its home market, Frankfurter Allgemeine Zeitung reported today.
Nov. 26 (Bloomberg) -- Cie. de Saint-Gobain SA, Europe’s biggest supplier of building materials, was cut to “sell” from “neutral” at Goldman Sachs Group Inc. which said “there is limited scope for earnings driven outperformance.”
Nov. 26 (Bloomberg) -- Michael Evans , the Hong Kong-based vice chairman who was Goldman Sachs Group Inc. ’s highest-paid executive officer last year, sold $12 million of stock this week, according to a company filing.
Nov. 26 (Bloomberg) -- Adidas AG, the world’s second- largest sporting-goods maker, was raised to “buy” from “neutral” at Goldman Sachs Group Inc. and added to the firm’s “conviction buy” list.
Shares of JDS Uniphase Corp. headed higher Wednesday after a Citi Investment Research analyst started coverage of the communications equipment maker with a "Buy" rating.
It is looking like a mixed day for the financial sector on Wednesday, with some big U.S. financials like Morgan Stanley, Citi and JPMorgan declining, while overseas banks rise and the sector as a whole eeks out a minor gain.
Credit Suisse Securities (USA) LLC has agreed to buy back $79 million of auction rate securities from Colorado investors who struggled to sell them after the market for them froze.
Nov. 26 (Bloomberg) -- German stocks fell for a second day this week amid concern an eight-month rally has outpaced the prospects for earnings and economic growth.
Spots urging shoppers to use their credit cards wisely will be shown on big screens in 12 U.S. cities, including Long Beach. The central bank has long been accused of neglecting its consumer protection duties. The Federal Reserve isn't too popular these days, what with its failure to predict or prevent the financial crisis and recession, not to mention its involvement in last year's bailouts ...
The Federal Reserve is launching a new ad campaign Friday, aimed at providing consumers with some credit card usage tips ahead of the holiday shopping rush.
The safe-haven dollar slid to a 15-month low against the euro, was within striking distance of 14-year lows versus the yen and dipped below parity against the Swiss franc Wednesday as markets absorbed the Federal Reserve ’s indication that interest rates will remain at super-low levels and it was not concerned by the U.S. currency’s decline.
European banks could have as much as $40 billion of exposure to Dubai, according to analysts at Credit Suisse.
