Spanish utility Iberdrola will buy UIL Holdings for about $3 billion to create a new listed power and electric utility and expand in the U.S..» Read More
Bank of America Corp. fell$. 45 or 2.7 percent, to $16.04. Citigroup Inc. rose$. 32 or. 6 percent, to $52.41. Goldman Sachs rose $1.08 or. 6 percent, to $192.20.
"The biggest correlation to industry valuations is financial leverage, not what basin they are operating in or how they are hedged," said Robert Santangelo, co-head of Americas equity capital markets at Credit Suisse. Investment-grade rated Noble sold 21 m shares overnight Wednesday via Goldman Sachs and JP Morgan at $47.50, in the upper half of the $46.50-...
Bank of America Corp. fell$. 37 or 2.2 percent, to $16.12. Citigroup Inc. rose$. 21 or. 4 percent, to $52.30. Goldman Sachs rose$. 48 or. 3 percent, to $191.60.
Bank of America Corp. fell$. 19 or 1.2 percent, to $16.30. Citigroup Inc. rose$. 18 or. 3 percent, to $52.27. Goldman Sachs fell$. 68 or. 4 percent, to $190.44.
NEW YORK, Feb 26- Argentina has suspended a planned sale of dollar-denominated bonds intended to raise at least $2 billion, two investors with direct knowledge of the deal told Thomson Reuters IFR on Thursday. District Judge Thomas Griesa had ordered Deutsche Bank and JPMorgan Chase and Co to hand over documents relevant to the Bonar 24 bond sale.
NEW YORK— Morgan Stanley said Wednesday that it has agreed to pay $2.6 billion to settle with the federal government over its role in the mortgage bubble and subsequent financial crisis. The settlement makes Morgan Stanley the latest Wall Street bank to reach a settlement with federal authorities, following the billions paid by JPMorgan Chase, Bank of America...
NEW YORK— In a story Feb. 24 about JPMorgan Chase closing bank branches, The Associated Press misspelled the name of a JPMorgan executive. JPMorgan to close 5 percent of bank branches to cut costs. NEW YORK— JPMorgan Chase plans to close 300 bank branches over the next two years, about 5 percent of the total, as more customers move online and the bank seeks to cut costs.
SAO PAULO/ NEW YORK, Feb 25- Petróleo Brasileiro SA has hired JPMorgan Chase& Co to handle $3 billion in planned asset sales this year, as fallout from a corruption scandal has shut access to financing for Brazil's state-controlled oil producer, two sources with direct knowledge of the situation said on Wednesday. JPMorgan will be tasked with luring the largest...
SAO PAULO/ NEW YORK, Feb 25- Petróleo Brasileiro SA has hired JPMorgan Chase& Co to manage $3 billion in planned asset sales for this year, as fallout from a corruption scandal shuts access to financing for Brazil's state-controlled oil producer, two sources with direct knowledge of the situation said on Wednesday. JPMorgan will be tasked with luring the biggest...
Bank of America Corp. rose$. 04 or. 2 percent, to $16.42. Citigroup Inc. fell$. 18 or. 3 percent, to $51.73. US Bank rose$. 09 or. 2 percent, to $44.81.
Bank of America Corp. fell$. 03 or. 2 percent, to $16.35. Citigroup Inc. fell$. 29 or. 6 percent, to $51.61. Wells Fargo fell$. 03 or percent, to $55.35.
ATHENS, Feb 25- The Greek central bank said on Wednesday it will propose to the government that economist Theodore Mitrakos becomes a deputy governor. Deposit outflows rose last week to around 3 billion euros, according to estimates by JP Morgan, before a deal was struck on extending the bailout. Index compiler STOXX said two lenders, Bank of Piraeus and Eurobank,...
HSBC, Europe's biggest bank, has endured a string of scandals and paid billions in penalties to regulators around the world. But recent revelations that its Swiss private bank helped the wealthy evade taxes are raising new questions about whether big banks like HSBC have become too vast to manage— and who should be accountable when things go wrong.
Bank of America Corp. rose$. 18 or 1.1 percent, to $16.38. Citigroup Inc. rose$. 58 or 1.1 percent, to $51.90. Goldman Sachs rose $1.91 or 1.0 percent, to $192.22.
NEW YORK, Feb 24- JPMorgan Chase& Co said on Tuesday the bank has been questioned by the U.S. Department of Justice over auto lending practices that possibly resulted in discrimination. JPMorgan is the fifth-largest U.S. auto lender behind Ally Financial Inc, Wells Fargo& Co, Toyota Motor Corp's in-house lending arm and Capital One Financial Corp, according to...
NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. The Home Depot Inc., up $4.47 to $116.75. JPMorgan Chase& Co., up $1.47 to $60.82.
Federal law requires JPMorgan Chase & Co to disclose Iran-related transactions, which the bank did Tuesday ... all $9 of them.
U.S. stocks closed at highs as Yellen's congressional testimony indicated that a rate hike would likely come later rather than sooner.
"Our synergies are real," said Marianne Lake, pointing to some $15 billion in revenue and $3 billion in cost savings.
The expense of teller transaction and popularity of online banking leads company to cut brick-and-mortar locations.