01/03/2012

Financials hold key to Wall Street revival

With healthy banks widely seen as essential to economic recovery, there is concern that US equities will struggle in 2012 unless financials break out of their deep slump.

01/03/2012

French banks 'cutting US staff'

A French banker based in the United States told Les Echos that the layoffs had been "particularly brutal" in the past few weeks.

01/03/2012

Goldman Sachs puts Hollywood holding up for sale

Sale of the company, which was first reported by the Financial Times, would include Canadian and other rights to a library of more than 11,000 films, as well as Canadian distribution rights for pics from Relativity, Lionsgate Entertainment, Focus Features

01/03/2012

Top US lenders brace for new tax rules

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01/03/2012

US regional banks struggling to achieve revenue growth

Last month Fitch Ratings said that U.S. government financial support for banks is declining, arguing that future bailouts will likely be restricted to just eight lenders it regards systematically important. Fitch believes the government currently has the

12/26/2011

BofA Prepared for ‘Turbulent Times’

Bank of America Chief Executive Officer Brian T. Moynihan told employees in a year-end letter that he bolstered the firm against risk and will make more improvements in 2012.

12/09/2011

Major US banks rank as best employers for gays, lesbians

Financial firms outperformed most other industries in adopting and enforcing non-discrimination policies, offering health insurance for same-sex partners and recruiting and retaining lesbian, gay, bisexual and transgender employees, according to the repo

11/30/2011

Playing Financials For Another 'Lehman Moment'

Once Bank of America crosses the $5 mark, investors will no longer be able to buy it on margin. Several big hedge funds hold huge positions in these firms, especially B of A, and it could just get to the point where they say enough is enough. $5 could be

11/30/2011

BofA signs up for $1bn solar project

SolarStrong makes affordable solar power projects available for privatized military housing communities nationwide, expected to be largest residential solar project in American history

11/29/2011

31 banks on Fed's watch list

The 31 banks on the list have Tier 1 common risk-based ratios ranging from 6.89% at M&T Bank Corp., according to the company’s third-quarter earnings release, to 15.96% at State Street Corp, SNL Financial reports.

11/29/2011

BNY Mellon to change US funds ‎

The decision to make the change has been taken by BNY Mellon Fund Managers Limited following a change to Newton Investment Management Limited's investment team.