Facebook Inc. could file papers for its initial public offering as early as this coming week, people familiar with the matter said, as anticipation mounts for what is likely to be one of the biggest debuts for a U.S. company.
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The bank is shutting its equity principal strategies desk, which made trades using the firm’s own capital, the firm announced in an internal memo on Friday. Most of the desk’s employees will leave Citigroup after Feb. 6, according to the memo.
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New mortgage policies in the works to help homeowners prevent foreclosures and possibly refinance, but fees for new mortgages are about to go up. NY1's Real Estate reporter Jill Urban filed the following report.
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The Obama administration said Friday that it will expand its signature foreclosure-prevention program to try to help those with heavy debt loads avoid losing their homes.
The Home Affordable Modification Program will also be extended through 2013.
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WASHINGTON (CNNMoney) -- A House panel took aim at the so-called Volcker rule on Wednesday, saying the key Wall Street reform needs to be delayed and possibly scrapped.
Republicans on a House Financial Services subcommittee criticized the rule, which aims to stop banks from making risky bets with their own
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With firms like Goldman Sachs and Morgan Stanley reporting weak results for last year, Wall Street is having to confront doubts about itself.
Is this a temporary slump? Or will the moneymakers never get to go back to their high-rolling ways? Many on Wall Street had hoped 2011 would be
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LONDON — Talks between Greece and its private sector creditors over restructuring its debt hit a snag over the weekend over how much of an interest rate the new bonds would pay.
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The underpinnings of a housing recovery are hiding in plain sight: sharp price declines, low mortgage rates and rising rents have made owning more affordable than renting in a growing number of markets.
Yet housing largely remains in a funk. The prospect of continued price declines—led by the oversupply of
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HONG KONG—Chinese securities regulators plan to encourage more mainland companies to seek yuan-denominated listings in Hong Kong, with further revisions to rules governing listings outside the mainland, a senior official said.
The effort could potentially jump-start a market that has failed to gain any traction.
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Standard and Poor's has downgraded the credit ratings of nine Euopean countries including France. They face exposure to financial troubles in Greece among other places. Zanny Minton Beddoes, global economics editors at The Economist, talks to Steve Inskeep about the latest European financial troubles.
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