Banking industry
The US pre-market indicators are in a downward trend, with Dow Jones Industrial futures down 93 points, S&P 500 futures down 10 points, and Nasdaq 100 futures down 19 points. The global sentiment is bearish, with major indices such as the Nikkei, Hang Seng, and FTSE-100 experiencing significant
Banking industry
U.S. stocks opened higher on the morning, only to quickly plummet as jobless claims rose unexpectedly, coupled with Citigroup Inc. and UBS AG's negative outlook for the global economy. The Dow Jones Industrial Average (DJIA) suffered a 0.55% loss, while the S&P 500 index
Banking industry
Warren Buffett's Berkshire Hathaway made a surprise $5 billion investment in Bank of America, sending its shares surging over 25% in early trading. The investment is seen as a major vote of confidence in the company, which has been struggling due to concerns over its balance sheet. The
Banking industry
MomentumHunter.com, a premier source for microcap research, has identified eight stocks with potential for explosive movement in the market. The company's primary focus is to provide due diligence and investment insight on small cap and microcap companies, informing investors about the critical importance of timing in the
Banking industry
The nation's top credit card companies reported mixed results in reducing defaults in July, with three of the six top issuers showing lower default rates compared to the previous month. JPMorgan Chase & Co., Discover Financial Services, and Capital One Financial Corp. all reported improvement, while other major
Banking industry
Global markets suffered their worst single-day drop in history, with major indexes plunging as much as 7% in a single trading session. The downward spiral was triggered by Standard & Poor's (S&P) downgrade of US long-term debt from AAA to AA+, which sent shockwaves across financial
Banking industry
The US stock market began the trading day under pressure, with all major indices in the red, after Standard & Poor's downgraded the US credit rating over the weekend. The downgrade, which was anticipated by many, occurred as the market was still reeling from the news. Additionally, a
Banking industry
As the UK's big four high street banks prepare to release their interim results, HSBC is poised to announce a stark figure of 10,000 job losses, further exacerbating the mood of financial sector uncertainty. This news comes on the heels of disappointing projections and a tumultuous market
Banking industry
UC RUSAL, the world's largest aluminium producer, has announced the issuance of a mandate to arrange a syndicated finance facility worth up to $4.75 billion. The facility proceeds will primarily be used to take out the outstanding debt under the International Override Agreement, with the remaining balance
Banking industry
The recent promotion of Anshu Jain to co-CEO of Deutsche Bank has put him in line to eventually head Europe's most powerful bank, following Jeurgen Fitschen's retirement. This move highlights the trend of Indians holding top jobs around the world, with many examples such as Vindi
Banking industry
UBS, Switzerland's largest bank, has issued a profit warning, citing a significant decline in investment banking revenues, which fell by half in the second quarter. Meanwhile, Deutsche Bank reported a 6% increase in net profit, but its revenue from trading fell due to uncertainty caused by Europe'
Banking industry
The 2011 Green Grades Report Card by ForestEthics evaluates the environmental practices of 12 US Fortune 500 companies with high paper consumption, ranking them on their commitment to forest sustainability. The companies graded include American Express, AT&T, Bank of America, Capitol One, Chase, Discover, GEICO, Sprint, State Farm,
