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
Standard Chartered Plc, the U.K.’s third-largest bank by market value, said it may post “double- digit” growth in first-half revenue and pretax profit as it tightened control on expenses.
BusinessWeek.com — Finance
Overseas acquisitions by Indian companies may stay subdued in 2011 as the highest interest rates in more than two years deter chief executives from borrowing for expansion, Bank of America Corp. said.
BusinessWeek.com — Finance
The International Monetary Fund said Spain must step up efforts to reform its economy as Europe’s sovereign debt crisis threatens to damp growth.
BusinessWeek.com — Finance
The International Monetary Fund said Spain must step up efforts to reform its economy as Europe’s sovereign debt crisis threatens to damp growth.
BusinessWeek.com — Finance
Birinyi Associates Inc.’s Jeffrey Yale Rubin said the firm remains bullish on equities this year, while Dean Curnutt of Macro Risk Advisors says the performance of stocks depends on the actions by the Federal Reserve.
BusinessWeek.com — Finance
New Zealand’s central bank may start to reverse a March interest-rate cut and boost borrowing costs sooner than previously estimated as the economy recovers from the nation’s deadliest earthquake in 80 years.
BusinessWeek.com — Finance
New Zealand’s central bank may start to reverse a March interest-rate cut and boost borrowing costs sooner than previously estimated as the economy recovers from the nation’s deadliest earthquake in 80 years.
BusinessWeek.com — Finance
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