Empresas La Polar SA, the Chilean department-store operator under investigation for consumer- lending fraud, fell by a record after doubling an estimate for loan-loss provisions and naming its second chairman in a week.
BusinessWeek.com — Finance
Morgan Stanley, owner of the world’s largest brokerage, may eliminate more jobs at its wealth management unit as Barclays Capital cuts positions in its equities division worldwide.
BusinessWeek.com — Finance
JPMorgan Chase & Co. commercial- banking chief Todd Maclin and international operations head Heidi Miller are likely to step down from their posts within months, according to a person close to the bank.
BusinessWeek.com — Finance
U.S. stocks declined, giving the Standard & Poor’s 500 Index a second straight weekly loss, as concern over Europe’s debt crisis deepened and inflation reports spurred speculation global interest rates will rise.
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
Visa Inc., the world’s biggest bank- card network, said fiscal second-quarter profit rose 24 percent, beating analysts’ estimates, on a pickup in consumer spending.
BusinessWeek.com — Finance
Silver futures tumbled, capping the biggest three-day slump in 28 years, as increases in Comex margins spurred investor sales. Gold declined after a report that Soros Fund Management LLC may have cut metal holdings.
BusinessWeek.com — Finance
Australia & New Zealand Banking Group Ltd., the worst performer among Australia’s four largest banking stocks this year, posted the smallest half-yearly profit increase in 2 ½ years as lending profitability slipped.
BusinessWeek.com — Finance
Feed
