finance ministers

Here is a recap of the top news items from this week on Wall Street: 1. S&P informed the Finance Ministers of a number of EU nations about incoming credit rating downgrades.

While word of the reports was first heard early in Friday's afternoon session, the ratings were not released at 3pm ET as previously expected.

France's rating was lowered by one notch, while Italy and Spain's ratings were taken down by two notches. Notably, Germany's rating was affirmed. 2.

Shares of JPMorgan (NYSE: JPM) traded about 3 percent lower Friday following fourth-quarter results earlier.

EU finance ministers neared agreement Saturday on forcing banks to raise just over euro100 billion to make sure they have enough reserves to weather further losses on their Greek debt holdings and market turmoil, a European official said.

Finance ministers meeting in Paris face new hurdles after rating agencies issued warnings about European banks.

Greek bailout delayed till October, while US secretary of state Geithner urges eurozone leaders to do more

Finance ministers approved a bailout for Portugal and debated new aid to debt-strapped Greece, with a deputy sitting in for Dominique Strauss-Kahn.

U.S. stocks looked set to fall at Monday’s open as investors shed riskier assets before euro zone finance ministers meet to discuss the region's debt crisis.

Finance ministers and central bankers from the G20 agree a set of "indicative guidelines" to measure potential risks to the global economy.

The world's dominant economies on Saturday struck a watered down deal on how to smooth out trade and currency imbalances many say exacerbated the financial crisis, but the difficulty in getting vastly different economies like China and the United States on the same page doesn't bode well for the Group of 20 rich and developing countries as a forum for global decision making.

Finance ministers said that they wanted their rescue fund to be able to lend 500 billion euros.