WASHINGTON, Nov. 11 (UPI) -- The U.S. Federal Reserve granted American Express Co. approval Tuesday to become a bank holding company, opening the door for it to use federal bailout funds.
NEW YORK, Nov. 1 (UPI) -- J.P. Morgan Chase & Co. says it will modify the terms of $70 billion in troubled, mostly adjustable-rate mortgages it holds.
TOKYO, Oct. 29 (UPI) -- The Bank of Japan is considering a move to lower lending rates or create a new liquidity program to boost the sagging Japanese economy, sources said.
SEATTLE, Oct. 16 (UPI) -- Federal prosecutors revealed a months-long probe of Seattle's Washington Mutual Bank, saying the need for secrecy ended when the bank failed.
NEW YORK, Oct. 13 (UPI) -- Morgan Stanley says it has closed a deal for Japan's Mitsubishi UFJ, the world's second largest bank, to acquire 21 percent of the U.S. financial firm.
U.S. markets surge ahead Monday morning ... Fed rushes to approve Wachovia purchase ... Germany to bailout banks with $671 billion ... Morgan Stanley investment to be protected ... News from United Press International.
WASHINGTON, Oct. 11 (UPI) -- Renegotiation may be in the works for a proposed $9 billion investment into struggling Wall Street firm Morgan Stanley by a Japanese bank, sources say.
ZURICH, Switzerland, Oct. 3 (UPI) -- Swiss bank UBS said Friday it would trim its investment bank workforce by an additional 2,000 workers in the wake of a global financial crisis.
WASHINGTON, Sept. 22 (UPI) -- The U.S. Federal Reserve ended an era on Wall Street Sunday, agreeing to allow two investment banks to change structure to become bank holding companies.
NEW YORK, Sept. 21 (UPI) -- Once-hot merger discussions between ailing U.S. financial giant Morgan Stanley and retail banker Wachovia Corp. have slowed, sources say.
CHARLOTTE, N.C., Sept. 18 (UPI) -- North Carolina's Wachovia Corp. had preliminary acquisition talks with Morgan Stanley as fears mount that another major bank may collapse, sources said.
WASHINGTON, Sept. 18 (UPI) -- The U.S. Federal Reserve moved to keep financial streams from choking Thursday, expanding swap lines to allow banks to borrow at lower rates.
TOKYO, Sept. 9 (UPI) -- Major Japanese banks as of June held about $93 billion in bonds and securities of U.S. government bailed out mortgage giants, the government said Tuesday.
LONDON, Aug. 7 (UPI) -- The Bank of England said Thursday it would keep its key interest rate at 5 percent.
MADRID, Aug. 5 (UPI) -- Analysts have issued dire warnings about the state of banks in Spain, as many economic sectors have deteriorated, sources said.
