  | | | Moody's tilts playing field toward safe-haven banks | | LONDON/NEW YORK (Reuters) - Downgrades by ratings agency Moody's will make funding more expensive for banks that rely the most on capital markets, while reinforcing the competitive advantage of "safe-haven" banks that can fund themselves from stable customer deposits. | | | |  | | | Insight: Wells Fargo's mushrooming mortgage risk | | WEST DES MOINES, Iowa (Reuters) - The new center of U.S. mortgage lending is a nondescript office building in the American heartland, far from the California subprime lenders and the New York investment banks that drove the housing market into a bust. | | | |  | | | Morgan Stanley shifted derivatives in first quarter | | NEW YORK (Reuters) - Morgan Stanley shifted more of its derivatives positions to its U.S. bank unit in the first quarter, as credit rating downgrades from Moody's Investors Service weighed on its business, data from the Office of the Comptroller of the Currency showed on Friday. | | | |  | | | GM recalls 475,418 Chevy Cruze for engine shield | | (Reuters) - General Motors Co is recalling 475,418 of its popular compact Chevrolet Cruze sedans to modify the under-engine shield so flammable liquids are not trapped in the engine compartment, the automaker said on Friday. | | | |  | | | Euro's big four agree growth boost, split on bonds | | ROME (Reuters) - German Chancellor Angela Merkel resisted pressure on Friday for common euro zone bonds or a more flexible use of Europe's rescue funds but agreed with leaders of France, Italy and Spain on a 130 billion euros ($156 billion) package to revive growth. | | | | | Euro risks have U.S. businesses readying for the worst | | NEW YORK (Reuters) - Three years into the European debt crisis, with the likelihood of the euro's demise still remote, U.S. multinationals are making preparations for a number of grim scenarios that include the worst: the collapse of the euro. | | | | | Analysis: Goldman judge cuts Wells notice disclosure burden | | (Reuters) - A federal judge's decision that otherwise went against Goldman Sachs Group Inc has made it easier for companies to defeat shareholder claims that litigation threatened by the U.S. Securities and Exchange Commission should be disclosed. | | | | |  |  | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today | | |  | |  | | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today | | | | | | » MORE NEWSLETTERS | |
No comments:
Post a Comment