WASHINGTON – Banking titan Citigroup Inc. is paying $75 million to settle civil charges that it misled investors about its potential losses from subprime mortgages as the housing bust hit in 2007. The Securities and Exchange Commission announced the settlement with Citigroup on Thursday. It said the company repeatedly made misleading statements in calls with [...]

NEW YORK (Reuters) – Citigroup Inc (C.N) will pay $75 million to settle charges that it failed to disclose subprime exposure to investors in 2007, the U.S. Securities and Exchange Commission said on Thursday. The SEC also charged a Citigroup executive and a former chief financial officer of misrepresenting the bank’s exposure, although not with [...]

LONDON (AFP) – Europe’s main stock markets fell on Friday as investors looked ahead to key economic growth figures from the United States, after dissecting news of a major takeover, company earnings and eurozone data. London’s FTSE 100 index of leading shares fell 0.49 percent to 5,287.29 points in morning trade. Frankfurt’s DAX 30 dropped [...]

LONDON – European and U.S. stock markets dropped sharply Friday after figures showed the U.S. economy slowed faster than expected in the second quarter, further eroding confidence in the recovery in the world’s largest economy. In Europe, the FTSE 100 index of leading British shares was down 54.40 points, or 1 percent, at 5,259.55 while [...]

LONDON (AFP) – Leading shares in London slipped lower on Friday after weaker-than-expected US growth figures stirred concern about the strength of the economic recovery, dealers said. The figures showed the US economy grew 2.4 percent in the second quarter, short of forecasts for 2.5 percent and down from a revised 3.7 percent in the [...]

NEW YORK (Reuters) – U.S. stocks closed little changed on Friday, but Wall Street wrapped up its best month in a year after the earnings season rounded the final turn with a group of strong results that offset the impact of poor economic data. While the major indexes each posted 7 percent gains for the [...]

NEW YORK – Stocks had a fitting end to a choppy July as prices seesawed their way to a narrowly mixed finish. The market still had its best month in a year. Investors had an ambivalent response Friday to the government’s gross domestic product report, which showed that economic growth slowed in the April-June quarter. [...]

AUSTIN, Texas – Brothers Charles and Sam Wyly, born a year apart during the Great Depression, almost always have been joined at the hip. They were kids when the collapsed economy forced the surrender of the family cotton farm in Lake Providence, La. Later, they starred on the high school football team, studied at Louisiana [...]

MUMBAI (AFP) – Billionaire investor George Soros is close to sealing a 40-million-dollar deal to buy Dubai Holding’s 4.0 percent stake in the Bombay Stock Exchange (BSE), the Financial Times reported Wednesday. If the purchase goes through, it would be the latest in a series of strategic foreign investments in India’s stock and derivatives exchanges. [...]

LONDON (AFP) – Leading shares in London faltered on Wednesday after weak US data raised fresh doubts over the strength of the economic recovery, dealers said. The benchmark FTSE 100 index closed down 0.86 percent at 5,319.68 points. News US durable goods orders fell again in June added to growing concern that the US economy [...]