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.
STOCKHOLM, Sweden, Oct. 28 (UPI) -- Sweden's Riksbank has agreed to provide Carnegie Investment Bank with special liquidity assistance after regulators declared the firm in good health.
BEIJING, Oct. 21 (UPI) -- The ICBC, China's largest commercial bank, Monday opened its first Middle East subsidiary unit in Dubai as part of its overseas expansion.
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.
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.
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.
FRANKFURT, Germany, Sept. 12 (UPI) -- The Deutsche Bank in Germany said it agreed to buy 30 percent of Postbank, a subsidiary of Deutsche Post, for about $3.9 billion in cash.
ZURICH, Switzerland, Aug. 12 (UPI) -- Swiss bank UBS said its fourth consecutive quarter of losses reached $326 million, triggering a management and organizational shakeup.
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.
ARLINGTON, Va., July 8 (UPI) -- U.S. Federal Reserve Bank Chairman Ben Bernanke said Tuesday the Fed may extend two temporary lending programs for investment banks.
NEW YORK, June 20 (UPI) -- Two former Bear Stearns fund managers charged with fraud face a tricky task of putting a price on complicated assets, investment analysts said Friday.
