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Nomura uprated by Moody's

Nomura Logo

Nomura Holdings Inc.’s credit rating was raised by Moody’s Investors Service for the first time since November 2005 amid improved profitability at Japan’s biggest brokerage.

UBS tightens rules for staff

UBS sign

UBS is tightening its rules on how employees can trade securities for personal accounts, telling staffers it wants to prevent potential abuses.

Bernanke defends AIG bailout in court

Ben Bernanke

Former Federal Reserve Chairman Ben Bernanke took the stand in the American International Group bailout trial Thursday afternoon appearing slightly combative and vaguely annoyed at having to testify.

Don't panic over oil: T. Boone Pickens

Oil Barrels

With oil plunging to multiyear lows and global worries sending the stock market tumbling, oil and gas entrepreneur T. Boone Pickens said now is not the time for alarm.

JPMorgan exec: Market ripe for M&A

Merge lanes road sign

The environment for mergers and acquisitions is as strong as it's ever been, a top JPMorgan Chase banker with nearly 40 years of experience on Wall Street told CNBC on Thursday.