Banking industry
The Canadian dollar gained momentum on Monday as China's announcement of increased currency flexibility boosted investor sentiment, sending stocks and foreign currencies upwards. Analysts attributed the stronger Canadian dollar to China's decision to let its exchange rate have more flexibility, which had previously been kept low
Banking industry
Mercuria Energy Trading has successfully signed a US$1,250,000,000 Multicurrency Revolving Credit Facility, arranged by a syndicate of 33 banks, exceeding the initial target of US$900,000,000. The facility consists of a US$1,105,000,000 364-day Tranche A and a US$145,000,
Banking industry
Mercuria Energy Trading has successfully signed a US$1,250,000,000 Multicurrency Revolving Credit Facility, which was initially launched at US$900,000,000. The Facility was arranged by a syndicate of 13 banks, including BNP Paribas, Credit Agricole Corporate and Investment Bank, and Standard Chartered Bank, with an
Banking industry
GoldmanResearchGroup.com, a premier source for microcap research, has identified seven stocks that could experience explosive movement in the market. The investment firm's primary focus is to alert subscribers to small cap and microcap companies with significant growth potential. To receive their FREE comprehensive newsletter, investors can visit
Banking industry
GoldmanResearchGroup.com, a premier source for microcap research, has identified seven stocks that could experience explosive movement in the market. The investment research firm provides due diligence and investment insight on small cap and microcap companies, with a focus on identifying promising companies that are often overlooked by mainstream investment
Banking industry
The U.S. stock market showed a positive trend on Wednesday, with most stocks rising due to growth in the jobs and service industries, signaling optimism about the strengthening economy. The Dow Jones Industrial Average saw gains driven by Cisco Systems Inc., Exxon Mobil Corp., and Bank of America Corp.
Banking industry
U.S. stocks posted significant gains on the back of better-than-expected home sales and stabilizing loan demand at Bank of America Corp. The Standard & Poor's 500 Index climbed 2.6% to 1,098.47, with oilfield-services companies leading the charge after their shares slumped yesterday. The rebound
Banking industry
Standard & Poor's said it may not downgrade four major banks, including Citigroup Inc. and Bank of America Corp., if Congress passes legislation removing the implicit federal support that has propped up their credit ratings. The legislation, passed by the Senate on May 20, gives the Federal Deposit
Banking industry
Twenty months after the $700 billion federal bailout designed to shore up the nation's largest banks, Weiss Ratings finds that thousands of US banks are still vulnerable to financial difficulties or even possible failure. The analysis considers banks' capital, asset quality, earnings, and other factors. Among the
Banking industry
The Senate's financial regulation bill has sparked concern among banking giants, including Citigroup Inc., Bank of America Corp., and JPMorgan Chase & Co., regarding the potential impact on their credit ratings. Standard & Poor's has already warned that the removal of implicit government support by Congress
Banking industry
U.S. stocks experienced a significant rally, marking a rebound from their biggest drop in a year, driven by investor speculation that the market may have overcorrected in response to Europe's debt crisis. Compuware Corp., a business software maker, saw a notable gain after reporting a 34% higher-than-estimated
Banking industry
U.S. stocks seesawed on Thursday as reports of a federal investigation into mortgage-bond deals and a takeover offer for Sybase Inc. fueled volatility. The Standard & Poor's 500 Index dropped 0.2 percent, while the Dow Jones Industrial Average declined 6.87 points. Citigroup Inc. and Deutsche
