Business

Ashikaga Holdings Co Ltd's (7167.T) return to Japan's stock market has rival lenders bracing for the exit of its main shareholder Nomura Holdings Co (8604.T) - an event expected to trigger consolidation among the country's regional banks. Japan has more...

The U.S. Federal Reserve trimmed its aggressive bond-buying program on Wednesday but sought to temper the long-awaited move by suggesting its key interest rate would stay at rock bottom even longer than previously promised. In what likely amounts to the...

… Data Shows CBN Governor Sanusi Presented Inaccurate Figures In Letter To President BEVERLY HILLS, CA, December 18, (THEWILL) –  A high level revenue account reconciliatory meeting between the Central Bank of Nigeria (CBN), the Nigerian National Petroleum Corporation (NNPC),...

Bank of New York Mellon should be ordered to return about $337 million to Sentinel Management Group Inc, a U.S. futures broker that went bankrupt in 2007, according to a court filing made by the bankruptcy trustee. Sentinel's bankruptcy trustee,...

JPMorgan Chase & Co (JPM.N) sued the Federal Deposit Insurance Corporation in federal court on Tuesday, saying the agency owes it more than $1 billion in compensation for not assuming legal claims arising from its acquisition of Washington Mutual's...

The Justice Department is preparing to file civil fraud charges against Citigroup Inc and Bank of America's Merrill Lynch unit over their sale of flawed mortgage securities ahead of the financial crisis, according to people familiar with the probes. Civil...

The Federal Reserve will decide on Wednesday whether the U.S. economy is finally resilient enough to withstand less policy support, or whether it is prudent to wait a bit longer. With the world's financial markets on edge, the U.S. central...

GlaxoSmithKline will stop paying doctors to promote its products at events and remove individual sales targets for its marketing staff in a first for the drugs industry looking to recover from scandals over improper sales practices. It also said on...

Asian shares pushed higher on Tuesday on the back of rising U.S. manufacturing output and a jump in euro zone business activity, ahead of a momentous U.S. Federal Reserve policy decision later this week. Investors are on tenterhooks over when...

Facebook Inc will begin selling video ads later this week and plans to make an announcement on Tuesday, the Wall Street Journal reported, citing people familiar with the matter. The ads will play automatically in users' news feeds and may...