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Nov. 26 (Bloomberg) -- The Federal Reserve is trying to avoid potential conflicts of interest among its regional-bank directors after coming under fire for the former New York Fed chairman’s ties to Goldman Sachs Group Inc.
Nov. 25 (Bloomberg) -- Old Mutual Plc, the biggest insurer in Africa, was rated “buy” in new coverage at Goldman Sachs Group Inc., which said the company offers “upside potential through disposals and cost cuts yet to be announced.”
A third to a half of the Sony Corp. TV sets sold annually will be packed with 3-D features by the year ending March 2013, a senior executive said Thursday.
Dubai's debt problems shook European banking shares on Thursday despite the emirate's efforts to minimize the impact of a debt restructuring plan at two of its biggest companies that raised fears of default.
In a Nov. 24 story about Credit Suisse Securities (USA) LLC buying back auction rate securities from investors, The Associated Press, relying on information from the Colorado Department of Regulatory Agencies, reported erroneously how much the company was buying back.
Nov. 26 (Bloomberg) -- BAA Funding Ltd. hired BNP Paribas SA, Citigroup Inc., HSBC Holdings Plc, RBC Capital Markets and Royal Bank of Scotland Group Plc for a sale of bonds in pounds, according to a banker involved in the transaction.
Shares in banks, builders and companies part-owned in the Middle East fell around the world on Thursday and investors sought safety in government bonds on worries about Dubai's ability to pay its debts.
Nov. 25 (Bloomberg) -- Thales SA, Europe’s second-biggest defense-electronics maker, was added to Goldman Sachs Group Inc.’s “conviction buy” list of preferred shares in Europe.
Movie theater audiences can now add another item to the list of things to expect before the film actually begins: Federal Reserve advice about credit card use.
Debt problems in Dubai sent banks and auto stocks sliding, contributing to a 2.1 percent fall in European shares on Thursday, with energy and mining stocks hurt by lower commodity prices.
NEW YORK (AP) -- Shares of some top finance companies are down at noon: Bank of America fell $.09 or .6 percent, to $16.01. Citigroup fell $.04 or 1.0 percent, to $4.17. JPMorgan Chase fell $.43 or 1.0 percent, to $42.05.
London, England (FT) -- Big banks will have to disclose how many of their UK employees are paid more than £1million ($1.65M) under recommendations to be published today by City banker Sir David Walker.
The Federal Reserve on Wednesday tightened the conflict of interest restrictions governing the boards of directors of its 12 regional banks.
Nov. 25 (Bloomberg) -- Movements in the Treasury two-year note yield will likely be a barometer of changes in bond prices and interest rates “across the spectrum,” according to Citigroup Inc. technical analysts.
The dollar slumped to a 14-year low against the yen on Thursday, prompting fears that a further surge could hurt a fragile recovery in the world's second largest economy.
The dollar slid to a 15-month low against the euro Wednesday as investors fled the safe haven currency on upbeat U.S. economic reports, while markets absorbed the U.S. Federal Reserve's indication that interest rates will remain at super-low levels for a while yet and that it was not overly concerned by the U.S. currency's decline.
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