Bill Stone, chief investment strategist at PNC Wealth Management, tells Andrew O'Day the market has been soothed by less-than-the-worst economic reports such as today's July employment reading. But the trend is still down.[...]
There are many things to admire about the United States, but one of them certainly is the swiftness with which certain questionable commercial activities find themselves under the regulatory microscope. And, in full view of the public. In part, this is due to the legions of public office holders and [...]
Ten years ago this summer, First Union (now Wachovia) Corp. paid a fat premium for CoreStates Financial Corp., the last and largest of Philadelphia's big, old national banks.[...]
New York state Attorney General Andrew Cuomo said Friday that his office intends to file charges against Citigroup for the alleged fraudulent marketing and sale of troubled auction-rate securities to everyday investors.[...]
Shares in Ambac Financial, the troubled bond insurer, surged after it agreed to pay Citigroup $850m in exchange for wiping out a guarantee Ambac had made on $1.4bn of collateralised debt[...]
