wall street banks

Insurance companies are now being battered like Wall Street banks were last month, suggesting a similar round of consolidation and recapitalization.

Sovereign wealth funds from the Mideast, who spent billions of dollars for minority stakes in Wall Street banks not long ago, are much less interested in those assets now.

Big Wall Street investment banks have designed and marketed schemes enabling non-U.S. taxpayers, including offshore hedge funds, to evade millions of dollars in taxes each year on U.S. stock dividends, Senate investigators have found.

As a military conflict between Russia and Georgia ends its first week, a number of big Wall Street banks are beginning to reassess the stability of their businesses in Russia.

Fears are mounting that Wall Street banks are relying too heavily on tens of billions of dollars in loans made available by the US Federal Reserve.

Their borrowing levels have rocketed by almost 200 per cent to $38bn (£19bn) a day in just three weeks.

Fears are mounting that Wall Street banks are relying too heavily on tens of billions of dollars in loans made available by the US Federal Reserve.

Their borrowing levels have rocketed by almost 200 per cent to $38bn (£19bn) a day in just three weeks.

Wall Street banks are facing a "systemic margin call" that may deplete banks of $325 billion of capital due to deteriorating subprime U.S. mortgages, JPMorgan Chase & Co (JPM.N: Quote, Profile, Research), said in a report late on Friday.