The European Central Bank is under pressure to open the money taps to help Italy, which is struggling to fund its debts through the private markets.
Sometimes, no matter what you do, you just can't win.
Another firm's getting its costs under control.
Greece and Italy were the cradles of European culture: now they are threatening to drag the European Union to the grave.
Fears about Europe's debt crisis is another reminder of the fragility of the U.S. financial system and its overseas exposure, according to analyst Mike Mayo, who also discusses the Occupy protest movement and high-quality investments.
The Securities and Exchange Commission has announced that the agency filed a record 735 enforcement actions in the fiscal year that ended September 30.
Mizuho Bank, a wholly-owned subsidiary of Mizuho Financial Group, and the Royal Bank of Scotland have reached a definitive agreement for the acquisition by Mizuho Bank of a credit portfolio which, as of December 31, 2014, was made up of approximately $36.5bn in loan commitments, including $3.2bn of drawn assets.
Societe Generale's notoriously bearish strategist, Albert Edwards, has poured scorn on the belief that the U.S. economy is recovering and predicts "violent" reactions in asset markets during the second half of 2015.
CIMB Group Holdings plans to cut about 50 jobs in Asia to trim costs, people familiar with the plan said.