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  • US Treasury plans new unit to monitor muni market - WSJ Thursday, 17 Apr 2014 | 12:42 AM ET

    April 17- The U.S. Treasury Department is forming a new unit to monitor the municipal bond market, the Wall Street Journal reported, citing a Treasury official.

  • April 16- Bank of America Corp's financial crisis hangover is lasting longer than expected, leading some investors to wonder if the massive litigation expenses being incurred have become a recurring cost of doing business instead of being dismissed as one-time items.

  • NEW YORK, April 16- Citigroup Inc, which aspires "to become the world's digital bank", will not webcast its annual meeting next week in St. Louis. Of the top six U.S. banks, only Citigroup and Wells Fargo& Co do not allow investors to listen to live audio from their annual meetings.

  • Final Glance: Banks companies Wednesday, 16 Apr 2014 | 6:02 PM ET

    Bank of America Corp. fell$. 26 or 1.6 percent, to $16.13. Citigroup Inc. fell$. 13 or. 3 percent, to $48.18. Goldman Sachs rose $2.30 or 1.5 percent, to $157.22.

  • WASHINGTON, April 16- Two U.S. senators on Wednesday pushed the Federal Reserve to write tough new rules to limit Wall Street's role in commodity markets, stepping up pressure for a clampdown on some of the country's largest banks.

  • April 16- Bank of America Corp's mortgage pain is lasting longer than expected, leading some investors to wonder if the massive expenses being incurred have become a recurring cost of doing business instead of being dismissed as one-time items.

  • Midday Glance: Banks companies Wednesday, 16 Apr 2014 | 1:30 PM ET

    Bank of America Corp. fell$. 40 or 2.4 percent, to $16.00. Citigroup Inc. fell$. 57 or 1.2 percent, to $47.74. Goldman Sachs rose $1.33 or. 9 percent, to $156.25.

  • Most active New York Stock Exchange-traded stocks Wednesday, 16 Apr 2014 | 1:30 PM ET

    NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AT&T Inc. rose 1.2 percent to $36.10 with 23,832,000 shares traded. Alcoa Inc. rose 2.8 percent to $13.42 with 36,770,000 shares traded.

  • April 16- Bank of America Corp reported an unexpected first-quarter loss on Wednesday after it took a $6 billion charge to cover litigation expenses, a figure that far exceeded the legal settlements the No. 2 U.S. bank has announced recently.

  • Why high oil prices are actually good for airlines Wednesday, 16 Apr 2014 | 11:01 AM ET

    NEW YORK— Airline executives frequently complain about fuel costs. "Traditionally, it was too easy to start an airline and too difficult to kill one off," says Jamie Baker, an airline analyst with JPMorgan Chase. Last year, they paid an average of $3.03 a gallon, according to the Bureau of Transportation Statistics.

  • Early Glance: Banks companies Wednesday, 16 Apr 2014 | 10:27 AM ET

    Bank of America Corp. fell$. 46 or 2.8 percent, to $15.94. Citigroup Inc. fell$. 66 or 1.4 percent, to $47.65. Goldman Sachs rose$. 67 or. 4 percent, to $155.59.

  • *Credit Suisse Q1 net profit 859 mln Sfr vs poll 1.155 bln. ZURICH, April 16- Credit Suisse's said on Wednesday first-quarter net profit fell by more than a third due to a big drop in bond trading revenues, increasing pressure on CEO Brady Dougan to make deeper cuts to its investment banking business.

  • LONDON, April 16- United Nations economists who previously called for government intervention to tame volatile swings in commodity prices say banks and hedge funds have since reduced their influence to the lowest level since 2008..

  • Here's why riskier bonds are shining again Wednesday, 16 Apr 2014 | 3:50 AM ET

    Many stock markets around the world are at or near their highest levels ever, so perhaps a correction is on the cards. The asset class that benefits most in this environment is fixed income.

  • WASHINGTON, April 16- A U.S. government watchdog on Wednesday warned that big banks have dramatically boosted their borrowing from a federal housing finance program, a move that could pose risks to the government-sponsored system if a big borrower defaulted.

  • Citi's CEO 'put himself on the line': Mike Mayo Tuesday, 15 Apr 2014 | 1:48 PM ET

    CLSA bank analyst Mike Mayo says he plans to ask Citigroup's chairman and board of directors for answers.

  • NEW YORK, April 15- The abrupt firing of Symantec Corp Chief Executive Officer Steve Bennett last month is attracting activist investors and private equity firms to the U.S. security software maker, in a development that could potentially lead to its breakup or sale, sources familiar with the situation said.

  • *Bank faces backlash over bonuses at AGM April 24. LONDON, April 15- Barclays' Chief Executive Antony Jenkins is facing a high-wire act to overhaul the firm's investment bank without undermining a division that contributes about half of group profits. "The expectation is for something like a 10 to 20 percent cut," Chintan Joshi, analyst at Nomura, said.

  • STRASBOURG, April 15- European lawmakers finally signed off on Tuesday on new laws to make it easier to shut problem banks after long wrangling over rules for an industry blamed for triggering the worst economic slump in a generation.

  • US stock markets rebounds after choppy day Tuesday, 15 Apr 2014 | 9:20 AM ET

    The late rally even gave a lift to tech stocks like Google and Intel, which had weighed on the market much of the day. "As long as the market can close on a positive note, it sends a signal to investors that there are bargains in the market still to be had," said Quincy Krosby, market strategist at Prudential Financial.

Most Popular Video

Wednesday, 16 Apr 2014 | 11:11 PM ET

Vasu Menon, VP, Group Wealth Management at OCBC Bank, describes why Asian shares are mixed on Thursday despite dovish comments from the Fed overnight.

Wednesday, 16 Apr 2014 | 9:13 PM ET

Ha Jiming, Vice Chairman, China at Goldman Sachs Private Wealth Management, says China needs structural reforms that can correct imbalances in its economy.

Wednesday, 16 Apr 2014 | 8:55 PM ET

Frank Appel , CEO at Deutsche Post DHL, sees "higher chances than risks" for its business in the mainland despite recent data pointing to a slowdown.