Jul 18, 2012 4:07 PM ET
U.S. indexes gained after two housing reports showed improvements. Bank of America said it plans to cut a total of $8 billion by 2015 and improved its Tier 1 ratio. Capital One agreed to pay $210 million from charges related to misleading customers.
Jul 18, 2012 9:38 AM ET
The European indexes gained on better-than-anticipated earnings. Germany raised €4.17 billion in a bond auction at negative yield. Credit Suisse planned to boost capital by Sfr15.3 billion before year-end.
Jul 17, 2012 4:04 PM ET
HSBC is facing as much as $1 billion in fines for violating anti-terrorism laws and facilitating money laundering at its Mexican unit and providing access to the U.S. financial system to drug cartels.
Jul 17, 2012 4:01 PM ET
U.S. indexes rebounded from the morning losses and commodities closed higher. HSBC faces $1 billion fine for a decade long compliance failure at its U.S. unit. Goldman Sachs looks for other ways to bolster earnings after trading and risk-taking generate weak profits.
Jul 17, 2012 9:15 AM ET
The European indexes traded higher and Spanish bond yields fell at the latest debt auction. Rating agency downgraded 13 Italian banks with negative outlook. The IMF approved €1.48 billion aid to Portugal. German confidence fell to 6-month low in July.
Jul 16, 2012 4:11 PM ET
U.S. indexes traded sideways as trading volume inched lower and the IMF lowered its global growth outlook. The global lender warned the U.S. to lift its debt limit sooner than later and urged European leaders to accelerate fiscal and banking integration.
Jul 16, 2012 8:22 AM ET
The European indexes traded lower ahead of the German court ruling on Spanish bank bailout plan. Italy planned to cut public debt by 20% in five years. Accor agreed to acquire hotel portfolio of Mexico-based Grupo Posadas.
Jul 16, 2012 8:01 AM ET
German factory employment rose and Italian exports improved in May. Annual inflation in the euro area was stable but Norwegian trade surplus and Austrian inflation rose in June. Swiss industrial production eased in the first quarter.
Jul 13, 2012 3:08 PM ET
U.S. indexes surged more than 1% and banks were in focus after JPMorgan said that the bank is still poised to have record annual earnings despite a trading loss of $4.4 billion. China reported economic growth slowed for the sixth quarter in a row but met the lowered expectations.
Jul 13, 2012 8:58 AM ET
French retail sales rebounded, Spanish consumer price inflation remained unchanged but Swiss producer and import price index fell in June. Hungarian output declined and Czech current account slipped to deficit in May.