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Finance


2012-01-24 11:38:45

The biggest year for overseas buyouts by Japan’s companies since at least 2000 was financed without a single yen coming from a $130 billion program Prime Minister Yoshihiko Noda set up to spur such deals.
 

2012-01-24 11:37:52

Bank of America Corp., the second- biggest U.S. lender by assets, may reduce annual costs by as much as an additional $3 billion in the next stage of Chief Executive Officer Brian T. Moynihan’s efficiency plan.
 

2012-01-24 11:36:56

Credit Suisse Group AG (CSGN) plans to pay a portion of senior employees’ 2011 bonuses in bonds backed by derivatives, reviving a maneuver from 2008 that helped the firm dispose of risky assets while preserving the value for staff.
 

2012-01-24 11:35:55

Societe Generale SA (GLE) and Credit Agricole SA (ACA) were among French banks to have their credit grades cut by Standard & Poor’s after France was stripped of its top rating earlier this month.
 

2012-01-23 18:19:10

Morgan Stanley (MS)’s new deferred bonus plan will reward patience, at least for its top employees. For shareholders of the investment bank, the costs may linger for at least three years.
 

2012-01-23 18:18:06

For more than 40 years, banks have counted on FICO scores to determine the credit worthiness of American consumers. Now a handful of entrepreneurs in California say it’s time for a smarter way to size up borrowers
 

2012-01-23 18:16:37

Morgan Stanley reduced Chief Executive Officer James Gorman’s 2011 pay by 25 percent from a year earlier as JPMorgan Chase & Co. held Jamie Dimon’s compensation steady, said two people familiar with the plans.
 

2012-01-23 18:15:24

European banks, shunned by investors and each other, may borrow as much next month from the European Central Bank as they did in a record offering in December as they seek refuge from frozen funding markets.
 

2012-01-20 10:05:15

Societe Generale SA (GLE) architects are putting finishing touches on a spanking new, highway-straddling building in La Defense, Paris’s financial district, designed to house more than 3,000 markets employees.
 

2012-01-20 10:04:29

Bank of America Corp., the second- largest U.S. lender, swung to a fourth-quarter profit as the company sold assets and built capital faster than expected.
 

2012-01-20 10:03:53

Morgan Stanley (MS) rose to the highest in almost three months in New York trading after reporting a smaller fourth-quarter loss than analysts estimated on gains in equities trading.
 

2012-01-20 10:03:02

Banks (BEBANKS) may choose to hold on to profits and recalculate risks on loan books rather than take state cash to meet extra capital requirements designed to make them withstand Europe’s sovereign-debt crisis.
 

2012-01-17 10:01:35

The euro is losing the relationship with riskier assets that underpinned the currency in 2011 as the deepening sovereign debt crisis reduces the creditworthiness of even the biggest economies in the region.
 

2012-01-17 09:59:53

Carnival Corp. (CCL)’s Micky Arison, who built his company to almost $16 billion in annual revenue as he helped popularize cruise-ship vacations, must now deal with the fallout from the worst accident in the company’s history.
 

2012-01-17 09:58:49

European Central Bank President Mario Draghi said investors largely priced in the euro-area sovereign downgrades from Standard & Poor’s and questioned the importance of ratings companies.
 

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