Topic: Citigroup Inc.
Banks' fourth quarter trading revenue falls 66 percent
Reuters US Online Report Business News
NEW YORK (Reuters) - Trading revenue at U.S. commercial banks fell 66 percent in the fourth quarter, the Office of the Comptroller of the Currency said on Friday, as uncertainty over pending derivatives legislation added to a seasonal slowdown in trading. Revenue fell to $1.9 billion from $5.7 ...
Credit card data hints at U.S. consumer rebound
Reuters US Online Report Business News
NEW YORK (Reuters) - Credit card delinquency rates improved at JPMorgan Chase & Co and a majority of others -- a sign the lenders still face hurdles in the wake of the deep recession. The delinquency rates likely received a seasonal boost, but nonetheless signal the card issuers are less likely to ...
Abu Dhabi SWF sees more global "uncertainty" in 2010
Reuters US Online Report Business News
ABU DHABI (Reuters) - Abu Dhabi Investment Authority (ADIA), considered the world's largest sovereign wealth fund, said the global economy still faces "considerable uncertainty," in its first annual review aimed at enhancing transparency. The fund, believed to have assets of around $500 billion to $700 billion, said the sustainability of ...
Data, Fed to test if rally has legs
Reuters US Online Report Business News
NEW YORK (Reuters) - Investors will try to tack another leg on to the year-long U.S. stock rally, looking to this week's economic data and statement from the central bank for evidence the recovery is still on track. After tumbling during the fourth-quarter earnings season, the S&P ...
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