Bank of America Corp., the biggest U.S. bank, agreed to pay $ 8.5 billion to resolve claims over soured mortgages after bondholders including BlackRock Inc. demanded refunds. The company rose as much as 6.7 percent in New York trading.
BusinessWeek.com — Finance
Morgan Stanley, the firm targeting a 2 percent market-share gain in fixed-income trading this year, was burned by a wager on U.S. inflation expectations in the second quarter, three people informed of the dealings said.
BusinessWeek.com — Finance
U.S. stock-index futures trimmed losses as FedEx Corp.’s earnings signaled that global shipping demand is improving, easing concern that the economy is losing momentum. Treasuries rose and oil retreated.
BusinessWeek.com — Finance
Stocks rallied, snapping a four-day losing streak for the Standard & Poor’s 500 Index, while commodities pared earlier losses as faster-than-forecast U.S. jobs growth eased concern the economy was slowing. Treasuries halted a six-day rally.
BusinessWeek.com — Finance
Royal Bank of Scotland Group Plc Chief Executive Officer Stephen Hester said the “sins from the past are receding” after the government-controlled lender posted a bigger-than-estimated first quarter loss.
BusinessWeek.com — Finance
Royal Bank of Scotland Group Plc Chief Executive Officer Stephen Hester said the “sins from the past are receding” after the government-controlled lender posted a bigger-than-estimated first quarter loss.
BusinessWeek.com — Finance
Royal Bank of Scotland Group Plc Chief Executive Officer Stephen Hester said the “sins from the past are receding” after the government-controlled lender posted a bigger-than-estimated first quarter loss.
BusinessWeek.com — Finance
U.S. stocks rebounded, erasing a fourth straight decline in the Standard & Poor’s 500 Index, as falling oil prices spurred gains in consumer companies, airlines and FedEx Corp.
BusinessWeek.com — Finance
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