Eighteen banks, ranging from Credit Suisse Group AG (CSGN.VX) to Goldman Sachs Group Inc (GS.N), have agreed to give up the right to "close out" deals on derivatives ..
A much-needed pruning of banks across the world could stifle lending and dampen economic recovery, the International Monetary Fund said on Wednesday. To boost profits, banks n ..
The world's largest retailer said it would raise health insurance premiums for its entire U.S. In addition, Wal-Mart will end coverage for employees who work fewer than 3 ..
The last thing the faltering European economy would appear to need right now is a sudden downturn in Germany, hitherto the bloc's pillar of strength. For now, the top eco ..
Treasury Secretary Timothy Geithner on Tuesday defended the government's rescue of American International Group Inc (AIG.N) in September 2008, saying it was necessary to ..
BOSTON/NEW YORK (Reuters) - Before hiring star bond fund manager Bill Gross last month, Janus Capital Group Inc (JNS.N) Chief Executive Dick Weil took care to check with the b ..
The National Retail Federation predicted retail sales would climb to $616.9 billion, outpacing last year's 3.1 percent growth. The group's forecast is one of the clo ..
Total consumer credit rose $13.5 billion to $3.25 trillion in August, the Federal Reserve said on Tuesday. Economists polled by Reuters had expected consumer credit to increas ..
The Dow plunged 273 points Tuesday, while the broader S&P 500 shed 1.5%, as worries mounted over the fragile global economy. ..
The International Monetary Fund cut its global economic growth forecasts for the third time this year, suggesting the environment remains difficult for companies, especially o ..