NEW YORK (Reuters) - Trading revenue at U.S. commercial banks fell 66 percent in the fourth quarter, the Office of the Comptroller of the Currency said on Friday, as uncertainty over pending derivatives legislation added to a seasonal slowdown in trading. Revenue ...
NEW YORK (Reuters) - Lehman Brothers Holdings Inc fired new allegations at Barclays Capital Inc on Thursday, saying the British investment bank got a $13 billion "windfall" profit from its deal to buy Lehman's U.S. brokerage in September 2008. In documents filed ...
The head of the Securities and Exchange Commission confirmed Wednesday that the agency is investigating several companies' actions in the run-up to the financial crisis of 2008. SEC Chairman Mary Schapiro said "it would be safe to assume" that the agency is ...
NEW YORK (Reuters) - A bankruptcy judge said on Wednesday Lehman Brothers Holdings Inc <LEHMQ.PK> could delay until mid-April filing a detailed disclosure statement for its proposed plan to end its bankruptcy. The disclosure statement, which is a necessary step for Lehman ...
WASHINGTON (Reuters) - A Lehman Brothers bankruptcy examiner's report will help securities regulators in their investigation of large financial firms involved in the Wall Street meltdown, a top regulator said on Wednesday. Securities and Exchange Commission Chairman Mary Schapiro, testifying at a ...
LONDON (Reuters) - Global investment banking revenues this year may match the buoyant levels of 2009, analysts forecast on Tuesday, easing fears of a sharp drop during what looks set to be a "pivotal" year for the industry. Underlying industry revenues are ...
The administrator for failed Wall Street giant Lehman Brothers has filed plans to end the largest bankruptcy in US history, opening the way for the creation of a new company. "The proposed plan represents a fair economic resolution for all Lehman creditors ...
NEW YORK (Reuters) - Barclays Plc <BARC.L> considered UBS AG <UBSN.VX> its preferred merger target just weeks before it bought U.S. assets from the collapsed Lehman Brothers Holdings Inc <LEHMQ.PK>, the Financial Times said in its online edition on Monday. A spokeswoman ...
Swiss bank UBS said Monday that its top executives were awarded 54.9 million Swiss francs (38 million euros, 52 million dollars) in bonuses in 2009 as the total wage bill for senior echelons soared with the bank's return to profit. Members of ...
NEW YORK (Reuters) - Bank of America Corp <BAC.N>, the largest U.S. bank, plans to seek approval to expand its operations in China, the Wall Street Journal reported on Sunday, citing people familiar with the situation. According to the Journal, the bank ...
