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State-backed British lenders Lloyds Banking Group and Royal Bank of Scotland have agreed plans to shore up their capital with the financial regulator, removing a barrier to the government...
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Spain's Prime Minister Mariano Rajoy on Wednesday said the country's banks may have to raise capital on the financial markets to meet higher provisioning requirements.
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A board member at Italy's troubled lender Monte dei Paschi di Siena is being investigated over allegations of breaking insider trading rules and has been suspended, a judicial source said on...
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The U.S. government bond market has weakened in recent weeks but some investment strategists fear that this may only be the beginning of an extended sell-off.
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Boeing Co's defense division expects to continue growing its research and development spending and operating margins in coming years, regardless of what happens with top line revenues, the head...
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Below are highlights of Federal Reserve Chairman Ben Bernanke's prepared testimony on the U.S. economy to the congressional Joint Economic Committee on Wednesday.
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Below is the text of Federal Reserve Chairman Ben Bernanke's prepared testimony on the U.S. economy to the congressional Joint Economic Committee on Wednesday.
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Existing-home sales rose 0.6% in April to a seasonally adjusted annual rate of 4.97 million - the highest rate since November 2009, when a buyer tax credit deadline approached -- pointing to a...
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Federal Reserve Chairman Ben Bernanke warned Wednesday that ending its easy policy stance now would not return the economy to sustainable growth.
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Economists expect that the pace of existing-home sales rose in April, reaching a seasonally adjusted annual rate of 5 million, compared with a rate of 4.92 million in March, according to a...
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BNY Mellon Corp , the world's largest custody bank, said it would add up to 100 positions at its wealth management unit, expanding the sales force at the unit by 50 percent in the next two years.
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The high-end home builder continues to benefit from a strengthening housing market, as higher orders and selling prices helped the company post a 46% surge in first-quarter earnings to handily...
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Britain's financial regulator said it had finalized capital requirements for Royal Bank of Scotland and Lloyds Banking Group and was comfortable with their plans.
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How many Mercedes staff does it take to sell a car?
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Southeast Asia's largest bank merger now depends largely on cooperation between Singaporean authorities and Indonesian politicians.
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Bank of Japan Governor Haruhiko Kuroda said on Wednesday that the central bank would closely monitor moves in the government bond market and respond with flexibility in its purchases of government...
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The Bank of Japan kept policy steady despite concerns over recent volatility in bond market, saying growth is starting to pick up.
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The Bank of Japan held its policy unchanged at the end of its two-day meeting Wednesday, while saying that the economy was improving.
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The Bank of Japan on Wednesday decided to keep monetary policy on hold, but one board member tried unsuccessfully to loosen the central bank's commitment to achieving its 2 percent inflation...
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Japan's exports rose less than expected in April from a year earlier due to weak demand from Europe and China, highlighting the challenges confronting the world's third-biggest economy as...
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Japanese stocks extended gains early Wednesday, with exporters spurred after two Federal Reserve members suggested the central bank wasn't close to slowing monetary stimulus in the U.S. The Nikkei...
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UBS AG lost a bid Tuesday to dismiss a whistle-blower lawsuit by a former commercial mortgage-backed securities strategist who said he was fired for refusing to publish misleading research reports.
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Japan's trade deficit widened sharply in April, as export growth was tepid while imports surged, according to Finance Ministry data released Wednesday.
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As federal prosecutors circle Steven A.
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A U.S. cellphone company owned by Carlos Slim has asked Californian authorities to investigate the funding behind protests against the Mexican tycoon by lobby group Two Countries, One Voice.
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Two senior Federal Reserve officials on Tuesday played down the chances that the U.S. central bank would signal a readiness to reduce its bond buying at its meeting next month, dampening...
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ESPN, the sports channel that is Walt Disney Co's most profitable unit, is cutting 300 to 400 jobs across the company and closing a small Denver office, a person with knowledge of the cuts said.
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Gap Inc's chairman and CEO said on Tuesday the U.S. retailer was ready to sign a global accord designed to prevent another deadly disaster in Bangladesh's garment industry, provided there were...
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Two senior Federal Reserve officials on Tuesday played down chances that the U.S. central bank would signal a readiness to taper bond buying at its meeting next month, dampening speculation the...
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Wall Street's watchdog will present a plan to its board in July that would require brokers to tell certain clients about compensation they receive when they switch firms, the regulator's chief...
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The European Union is willing to deepen trade ties with China but wants to see concessions from Beijing first, documents seen by Reuters on Tuesday showed.
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Lawyers for former Goldman Sachs Group Inc board member Rajat Gupta sought to reverse his insider-trading conviction on Tuesday, arguing that wiretap evidence used by the prosecution should not...
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WINNIPEG, Manitoba/CHICAGO (Reuters) - The United States is poised to introduce stricter rules on the labeling of meat imports this week, a move that is likely to heat up a simmering trade dispute...
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A boutique carmaker led by a former General Motors Co executive Bob Lutz and China's largest auto parts supplier submitted an offer to buy cash-strapped "green" car company Fisker Automotive,...
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New York Fed President William Dudley said Tuesday that he is not sure which way the central bank will adjust the size of its bond purchase program given the uncertain economic outlook.
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Two executives at Japan's Denso Corp have agreed to plead guilty to conspiring to fix prices of electronic auto parts sold to Toyota and will cooperate with an ongoing criminal investigation, the...
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Treasury Secretary Jacob Lew urged senators to delay bringing forward a measure to limit too-big-to-fail banks until after the Dodd-Frank legislation has been fully implemented.
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The Federal Reserve should continue with its present bond-buying program and adjust the rate of purchases in view of incoming data on growth and inflation, said St. Louis Fed President James...
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Former SAC Capital Advisors portfolio manager Mathew Martoma said the government is impeding his ability to defend against criminal insider trading charges by trying to link him to an alleged...
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St. Louis Fed President James Bullard will discuss monetary policy in a low-rate environment at a conference in Frankfurt at 11:30 a.m.
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Two executives at auto parts maker Denso Corp have agreed to plead guilty to conspiring to fix prices and have agreed to cooperate with an ongoing criminal investigation, the U.S. Justice...
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The European Union wants to exclude much of the utility sector from a prospective EU-U.S. free trade agreement in order to protect government controlled infrastructure, the latest draft of the...
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Treasury Secretary Jacob Lew on Tuesday said underwriting standards have loosened in some markets, including certain real estate investment trusts, at the same time that investors are "reaching...
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The U.S. Justice Department on Monday asked a federal judge to deny Standard & Poor's motion to dismiss a government lawsuit against the ratings agency, saying its statements on certain financial...
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A U.S. Senate panel will try on Tuesday to pry more details out of current and former officials of the Internal Revenue Service about the agency's targeting of conservative groups for extra...
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New York Fed President William Dudley will discuss monetary policy at the zero lower bound in Japan and the U.S. in a speech to the Japan Society in New York at 1 p.m. Eastern.
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The wireless carrier boosted its offer for the remaining stake in Clearwire by 14%, averting a shareholder vote Tuesday that was expected to go against Sprint. Meanwhile, Sprint got the OK to...
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The board of iGate Corp, an information technology outsourcing services provider, has sacked Chief Executive Officer Phaneesh Murthy following an investigation into a claim of sexual harassment,...
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