Morgan Stanley is entering the bond market just after announcing first-quarter revenue that surpassed expectations, following the …
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Wells Fargo & Co
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International News
Wells Fargo reaches $1.2 billion U.S. mortgage settlement
by Noha Gadby Noha GadWells Fargo & Co (WFC.N) has formally reached a $1.2 billion settlement to end a U.S. Department …
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USA
US Stocks: Futures poised for Rebound ahead of Key Bank Earnings
by Yomna Yasserby Yomna YasserU.S. stocks were poised for a rebound Tuesday, with futures ticking higher ahead of retail-sales data and …
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Financial Institutions
Moody’s downgrades General Electric’s Debt after News to exit GE Capital
by Yomna Yasserby Yomna YasserMoody’s Investors Service downgraded on Friday General Electric Co.’s senior unsecured debt rating to A1 from Aa3, …
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Warren Buffett’s Berkshire Hathaway Inc. (BRK/A) disclosed a holding in Verizon Communications Inc. (VZ) in a wager …
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Banks
Citigroup to BofA Spurn Treasuries to Hoard Cash on Taper Risk
by Yomna Yasserby Yomna YasserNever before have America’s banks been so wary of risking their cash deposits on U.S. government debt. After …
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Investors who want Facebook Inc shares when the No. 1 online social network goes public later this …
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Warren Buffett, whose Berkshire Hathaway Inc. (BRK/A) has more than $19 billion invested in U.S. banks, said …
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Japan’s Nikkei share average fell for a sixth straight day on Tuesday, if only by 0.1 percent, …