Facebook is expected to submit paperwork to regulators on Wednesday morning for a 5 billion initial public offering and has selected Morgan Stanley and four other bookrunners to handle the megaIPO sources close to the deal told IFR. The company founded by Mark Zuckerberg in a Harvard dorm room in…
State and federal officials are close to a settlement with the largest U.S. banks over mortgage abuses with states facing an endoftheweek deadline to decide whether they will sign on people close to the talks said. The final value of any settlement will depend on which states it includes and…
Breaking up Bank of America is one of the best value propositions in the world today. Given the bank’s size troubles and complicated accounting a breakup makes sense for its beleaguered shareholders regulators taxpayers and the global financial system. Even now a group of academics economists and consumer advocates led…
Some of the world’s biggest Internet companies and financial services firms have developed a new approach to fighting email spam that they hope will reduce online scams. Facebook Google Inc and Microsoft Corp have joined with financial firms Bank of America Corp Fidelity Investments and eBay Inc’s PayPal to create…
A group of consumer advocates academics and economists want to end toobigtofail banks starting with Bank of America Corp. The group led by consumer advocacy organization Public Citizen plans to file a petition with the Federal Reserve Board and other regulators on Wednesday asking them to carve the bank into…
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