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The staff of the SEC has concluded its investigation into Lehman Brothers and will not likely recommend charges, according to the excerpt of a memo sent to Reuters.
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The California Public Employees' Retirement System said it is pushing for governance changes at three companies it is invested in, chiefly focusing on executive compensation, supermajority and plurality voting requirements.
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Italy's Prime Minister Mario Monti believes Greece will remain in the euro zone but he hedged his comments by adding that it was not a certainty, media reports said Thursday.
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The Federal Reserve Thursday released a set of detailed plans banks have put together to correct problems in their mortgage-servicing and foreclosure-processing operations.
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E-Trade Financial Corp. realized losses of under $1 million due to the botched Facebook IPO last week, according to a Reuters report on Thursday.
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Bankers should be allowed to serve on the board of directors of the dozen Federal Reserve district banks because they provide critical in-depth information about current economic conditions, said Esther George, the president of the Kansas City Fed, on Thursday.
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The Treasury Department sold $29 billion in 7-year notes on Thursday at a record-low yield of 1.203%.
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Although inflation has stayed stronger in recent months than many expected, some of the upward pressures on prices are "fading," William Dudley, the president of the New York Federal Reserve Bank, said Thursday." In a speech to the Council on Foreign Relations in New York, Dudley noted that oil and gasoline prices have fallen recently and apparel prices should drop due to the sharp decline in cotton prices.
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A European Union court Thursday rejected a legal challenge by MasterCard Inc. (MA) of a 2007 EU ruling over its fees, in a case seen as a litmus test on the levies card companies can impose in Europe and the way banks can profit from them.
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Bank profits rose in the first quarter of 2012, reaching their highest quarterly levels since the second quarter of 2007, according to the Federal Deposit Insurance Corp.'s quarterly banking report, released Thursday.
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U.S. financial stocks posted modest but broad gains on Thursday, mildly outpacing the broader market after the latest government-released economic data.
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The euro jumped against the Swiss franc on Thursday to its highest since March, bringing up the shared currency against the U.S. dollar as well .
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A blockbuster initial public offering by one of China's biggest financial firms that should have been welcomed by Western banks grappling with a listing drought in Hong Kong is instead becoming a new challenge.
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Goldman Sachs Group Inc. , which has a reputation for being publicity-shy, has set up an official account with micro-blogging site Twitter and the investment bank is expected to start tweeting later Thursday.
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Many small businesses are reporting increased liquidity and say they plan to invest in growth, including hiring more people, according to a Capital One Small Business survey.
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The dollar added to gains slightly and Treasury prices stayed down on Thursday after a report showed 370,000 U.S. first-time jobless claims in the latest week.
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Among the companies with shares expected to actively trade in Thursday's session are Hewlett-Packard Co. (HPQ), Pandora Media Inc. (P) and NetApp Inc. (NTAP).
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Goldman Sachs (GS) said Thursday it expects Chinese copper demand growth to stay sluggish until the end of the third quarter and predicts a 3% year-on-year rise in overall consumption for 2012, rising to 8% in 2013.
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European markets traded volatile on Thursday, but stocks moved off earlier lows to trade rise, shaking off a clutch of downbeat euro-area data.
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A European Union court Thursday rejected a legal challenge by MasterCard Inc. (MA) of a 2007 European Union ruling over its fees, in a case seen as a key test on the levies card companies can impose in Europe.
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Samsung Card (029780.SE) will sell its 3.64% stake in unlisted affiliate and amusement-park operator Samsung Everland for KRW165.85 billion ($140.5 million) to Samsung Everland on June 11, the credit-card firm said Thursday.
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European stock markets opened higher on Thursday, set to bounce back from a prior-day rout, with banks and resources stocks pushing higher, inspired by a late-stage comeback by Wall Street.
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Spain's BBVA SA on Thursday said it's studying the possible sale of its pension businesses in Latin America.
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Australian fund managers may be on the other side of the world from the drama unfolding in Europe, but local wealth managers are nonetheless feeling the impact from the region's debt crisis.
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The Bank of Japan on Thursday kept its overall assessment of the economy unchanged in May but shifted to slightly more optimistic language, saying that evidence is mounting of a shift towards a pick up.
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State-owned People's Insurance Co. (Group) of China Ltd. has asked banks that are pitching to underwrite its US$6 billion initial public offering to guarantee that they will buy any unsold shares in the Hong Kong tranche of its Hong Kong and Shanghai dual listing in July, people familiar with the situation said Thursday.
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Outstanding household credit in South Korea recorded its first quarterly decline in three years in the January-March period, as a sluggish housing market and year-end bonuses reduced the need for borrowing, the Bank of Korea said Thursday.
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Hong Kong stocks struggled for direction in choppy early trading Thursday ahead of a preliminary HSBC gauge of China's manufacturing conditions in May, as telecommunication and airline shares declined to counter an advance for insurers and some property developers.
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The board of Premafin Finanziaria Holding di Partecipazioni SpA (PF.MI), the parent company of Italian insurer Fondiaria-SAI SpA (FSA.MI), said late Wednesday it has agreed on FonSAI's stake proposal to get a 0.85% stake in a new company resulting from a merger with Unipol Gruppo Finanziaria SpA (UNI.MI) and FonSAI's unit Milano Assicurazioni.
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Japanese stocks recovered from a weak open in early Thursday trading, as a summit of European Union leaders yielded fresh commitments to keep Greece in the euro zone.
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Leaders of exchange operator CME Group Inc. (CME) said on Wednesday that they acted properly and in accordance with bankruptcy laws following the collapse of brokerage firm MF Global (MFGLQ).
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Goldman Sachs Group Inc. (GS) plans to announce a goal of $40 billion of renewable energy investments and financings over the next decade, Reuters reported Wednesday.
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Options traders will soon have more time to position their bets on the S&P 500 index, as the Chicago Board Options Exchange plans to begin listing weekly options farther in advance.
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Morgan Stanley (MS) is reviewing orders placed by its retail brokerage clients for shares of Facebook Inc. (FB) on a trade-by-trade basis and will make price adjustments if those clients paid too much for the stock, according to people familiar with the situation.
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Germany's Commerzbank AG (CBK.XE) Wednesday said that the annual general meeting approved all agenda items, including authorized and conditional capital and the options to further improve the capital structure.
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U.S. rooftop solar-power developer Sunrun Inc. said Wednesday it has raised $60 million in venture capital funding.
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MetLife Inc. (MET) executives detailed a multiyear plan to boost the company's return on equity to between 12% and 14% by 2016, up from 10.3%, in a presentation to investors and analysts Wednesday.
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The California Public Employees' Retirement System said it would withhold votes from nine Wal-Mart Stores Inc. (WMT) board members, including Chief Executive Mike Duke, Reuters reported Wednesday.
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The United States is much closer than generally thought to full employment and it is time for the Fed to shift away from its ultra-easy monetary policy stance, said Narayana Kocherlakota, the president of the Minneapolis Federal Reserve Bank, on Wednesday.
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The Spanish government will inject at least 9 billion euros ($11.3 billion) into Bankia SA to recapitalize the ailing bank, Spanish Finance Minister Luis de Guindos said Wednesday, according to media reports.
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The Treasury Department sold $35 billion in 5-year notes on Wednesday at a yield of 0.758%, the lowest on record for an auction.
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Shares of Morgan Stanley dropped 2.7% on Wednesday to $12.95, as the bank continued to deal with fallout from the initial public offering of Facebook Inc. , for which it was the lead underwriter.
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The Greek Finance Ministry on Wednesday said a news report that euro-zone officials told member countries of the currency bloc to prepare contingency plans for a Greek exit from monetary union were "false." A Reuters report on Wednesday said members of the Euro Working Group agreed in a Monday teleconference to instruct individual euro nations to prepare contingency plans in the event of a Greek exit.
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Retail brokerage Scottrade Inc. said on Wednesday it was working to answer questions from clients and get the correct information into their accounts after many of them experienced problems on Friday when they tried to modify or cancel trade orders for Facebook Inc. shares.
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SOPOT, Poland -(Dow Jones)- The Polish government is considering adding a new financial instrument to assist it in its continuing privatization drive--bonds exchangeable for shares in companies in which the Treasury Ministry holds stakes, a senior ministry official said Wednesday.
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The British pound extended losses the U.S. dollaron Wednesday, as the greenback rose more broadly on worries about Europe and Greece.
