By Joe Rauch Bank of America Corp < BAC.N> CEO Ken Lewis' year-end retirement is fast approaching and the bank's search committee is still hunting for a successor. Some media outlets have reported a replacement could be named within the...

In this article: Bank of America Corp and Merrill Lynch

...Investors Service upgraded the senior unsecured ratings of Wyeth , citing the execution of an outstanding bonds agreement with Wyeth. Moody's upgraded the rating to A1 from A3, both of which are upper medium-level investment grade. Moody's...

In this article: Wyeth, Moody's, Pfizer Inc., and NEW YORK

...personal computer banking service in 1989 and was the first bank to offer Internet banking through wellsfargo.com in May 1995. Since January 2009, Wells Fargo has been ranked the No. 1 website out of 68 leading U.S. corporations' websites for...

In this article: Wells Fargo, Customer, North America, Global Finance, Small business, Internet banking, Risk management, and Brookings Institution

By Gina Keating Bank of America's < BAC.N> consumer banking chief, tipped to be a leading candidate to replace outgoing chief executive Kenneth Lewis , said he is keen to step into the top job but will stay on if he misses out, addressing...

In this article: Bank of America, Kenneth Lewis, Wall Street, Recession, Pepperdine University, Robert Kelly, FleetBoston, and Countrywide Financial Corp

...( WFC ) should never have gone down to $8, Merrill Lynch was not a good acquisition for Bank of America (BAC ), Lehman Brothers did fail, Goldman Sachs ( GS ) and Morgan Stanley ( MS ) did survive and will thrive going forward - she is just a one...

In this article: Wells Fargo, Bank of America, Tax, Citigroup, Financial crisis, TARP, and Bank of America

...lower default and distress rates -- all in the 20 percent-30 percent range -- are Madison Dearborn , Blackstone <BX.N> and JPMorgan 's < JPM.N> private equity unit, the report said. Private equity firm Welsh Carson had zero defaults on its...

In this article: Moody's, Apollo Management, KKR, Bankruptcy, Realogy, Welsh Carson, Cerberus Capital, and Linens 'n Things

...Guillaume and Helen Massy-Beresford The worst of the automotive industry crisis is over, and world sales are set to stabilize next year, a Moody's analyst told the Reuters Auto Summit on Wednesday. However, European manufacturers, which...

In this article: Moody's, Europe, Joint venture, Tax, and France

World Bank raises east Asia growth forecast By Kevin Brown in Singapore Published: November 4 2009 04:24 | Last updated: November 4 2009 08:30 The World Bank on Wednesday raised its forecast for economic growth in developing east Asia...

In this article: World Bank, East Asia, International Monetary Fund, China, Unemployment, Inflation, Financial crisis, and The World Bank

World Bank raises Asia forecast on back of China BEIJING : The World Bank on Wednesday raised its forecasts for East Asian growth, largely due to a rebound in China driven by aggressive fiscal and monetary stimulus, but warned that a true...

In this article: China, World Bank, The World Bank, Asia, East Asia, Beijing, Washington, North Africa, and South Asia

...been key but consumption has also held up well. More recently, real estate activity has been recovering as well." The upgrade by the World Bank follows similar moves by the International Monetary Fund and Asian Development Bank after the...

In this article: China, World Bank, The World Bank, Asian Development Bank, International Monetary Fund, Beijing, and Washington

...in China 's real-estate market are misplaced, as gains in home prices have not dramatically outpaced rising incomes on a nationwide level, the World Bank said in a report Wednesday. It also said that lower Chinese interest rates have eroded...

In this article: World Bank, China, Revenue, The World Bank, Washington, Hong Kong, Japan, U.K., U.S., and MarketWatch

...Fresnillo fell 39½ and 17½ respectively, to GBP16.50½ and 751p. Food retailers Sainsbury's and Tesco also climbed, the latter helped by Goldman Sachs analysts, who upgraded the supermarket giant from "neutral" to "buy". Tesco , which is...

In this article: Royal Bank of Scotland, DS Smith, Old Mutual, Tesco, Lloyds, Delta Lloyd, Sainsbury, Legal & General, and Yell Group

...downgrade three Greek banks, following its announcement last week that it may cut Greece 's foreign and local currency debt ratings. Moody's placed the Aa3 deposit and debt ratings for National Bank of Greece <NBGr. AT> on review for...

In this article: Moody's, National Bank of Greece, Greece, Emporiki Bank, and Fitch

But RBS suggested the all-debt league table be global, putting it behind banking giants JP Morgan , Bank of America Merrill Lynch , Barclays Capital , Citigroup and Deutsche Bank. A narrower lending definition would have confirmed RBS as...

In this article: Royal Bank of Scotland, Barclays Capital, EU, Deutsche Bank, JP Morgan, Bank of America Merrill Lynch, Citigroup, and Europe

...along with RBS Insurance, Britain 's largest car insurer. It will also sell Global Merchant Services and RBS Sempra Commodities. RBS said it expected buyer interest and was considering an initial public offering for RBS Insurance, which it...

In this article: RBS, Lloyds, EU, Britain, UBS, Bad debt, Cheltenham & Gloucester, Intelligent Finance, and Morgan Stanley

...rating at' "CCC," citing better-than-expected progress on its cost reductions. As a result of the improvements at Ford, Moody's said it expects the automaker to remain on track to return to profitability by 2011. In addition, the company 's...

In this article: Moody's, Ford Motor Credit Co., Fitch Ratings, Ford Motor Co., and NEW YORK

... ING Group NV's <ING.AS> insurance operations, ordered by Brussels last week. Another option for RBS could be a flotation or IPO. S&P 's Silverman reckons that should RBS ' attempts to find a buyer fail, its insurance assets could be...

In this article: RBS, Britain, Direct Line, Brussels, Allstate Corp, S&P, EU, Zurich Financial Services AG, and ING Group NV

"The likelihood that Greece can 'grow' out of its government indebtedness post-crisis as it did pre-crisis is minimal." Moody's said it intends to complete its review within 3 months and urged Greece to cut public expenditure and...

In this article: Moody's, Greece, Portugal, Fitch, Unemployment, and Standard and Poor's