Finance
Goldman Sachs names 425 managing directors in new class
Goldman Sachs Group Inc said it named 425 managing directors on Thursday, the firm's second-highest title behind partner.
Ex-BNY Mellon employee sentenced to six months in U.S. prison
NEW YORK A former Bank of New York Mellon Corp employee was sentenced on Thursday to six months in prison after admitting to illegally making $737,000 trading on tips a friend at Merck & Co Inc supplied him about potential pharmaceutical mergers.
UPDATE 3-Banco do Brasil to raise provisions if defaults rise further
SAO PAULO, Nov 12 State-controlled Banco do Brasil SA will increase loan-loss provisions if necessary to prevent rising defaults from further dampening the profit outlook for the nation's largest lender by assets, executives said on Thursday.
Exclusive: Morgan Stanley turns to stodgy bank accounts to boost profit
NEW YORK Morgan Stanley, better known for underwriting bonds than for retail banking, plans to offer savings accounts and certificates of deposits next year to wring more profit from its wealth management clients, executives told Reuters.
UniCredit to shed 18,200 jobs and boost capital
MILAN UniCredit is slashing its workforce by 14 percent and looking to restructure or sell businesses in Austria and Italy as it seeks to bolster its finances without asking shareholders for cash.
U.S. charges three in huge cyberfraud targeting JPMorgan, others
NEW YORK U.S. prosecutors on Tuesday unveiled criminal charges against three men accused of running a sprawling computer hacking and fraud scheme that included a huge attack against JPMorgan Chase & Co and generated hundreds of millions of dollars of illegal profit. | Video
HSBC hopes to leapfrog rivals with new China partnership
HONG KONG HSBC is seeking to overtake Western rivals in the race for a slice of China's $4 trillion onshore bond market thanks to an investment banking partnership with a state-owned investor it announced last week.
Goldman sold 1.3 million Valeant shares backing loan to CEO, Valeant says
NEW YORK Goldman Sachs sold 1.3 million shares of Valeant Pharmaceuticals International on Thursday, a day when the drug company's shares fell as much as 20 percent, because they were securing loans made to Valeant CEO Michael Pearson that needed to be paid.
Valeant says Goldman Sachs sold 1.3 million shares backing loan to CEO
NEW YORK Valeant Pharmaceuticals International said on Friday that Goldman Sachs sold 1.3 million shares of Valeant on Nov. 5 that were securing loans made to its CEO Michael Pearson.
Wells Fargo likely to issue more debt to comply with new rules
NEW YORK, Nov 6 Wells Fargo & Co will likely need to issue an additional $20 billion to $40 billion of long-term debt to comply with new rules designed to help banks better weather a crisis, Chief Financial Officer John Shrewsberry said on Friday.
Business News
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
