Blackstone notifies Cohen's SAC it intends to pull money: pension consultant

Billionaire hedge fund manager Steven A.

Ex-Virginia bank executives guilty in financial crisis case

The former chief executive of a failed U.S. bank in Norfolk, Virginia, and three others were convicted Friday on bank fraud conspiracy and other charges for concealing loan losses in a scheme that contributed to he bank's 2011 collapse.

Justice Department opposes AMR's $20 million severance for CEO Horton

A plan by American Airlines' parent to exit bankruptcy and merge with US Airways Group is coming under fire from the U.S. Department of Justice over nearly $20 million in severance pay earmarked for outgoing boss Tom Horton.

Bausch & Lomb's Ista pleads guilty over kickbacks

Ista Pharmaceuticals Inc pleaded guilty on Friday to charges it used kickbacks and improper marketing to boost sales of a drug meant to treat eye pain and agreed to pay $33.

Exclusive: DBRS to rate all euro zone sovereigns by year-end

DBRS plans to rate the credit of all euro-zone sovereigns by year-end, from the current 10 of 17, which will give the now-missing countries one more way for the ECB to weigh how valuable each nation's debt is as collateral.

Exclusive: NY attorney general says more evidence banks violated mortgage pact

New York Attorney General Eric Schneiderman said there is mounting evidence that Bank of America Corp, Wells Fargo and Co and other banks violated the terms of a settlement designed to end mortgage servicing abuses.

Monte Paschi might not be an isolated bank case in Italy: Chairman

The crisis that has hit Italy's third-largest lender Banca Monte dei Paschi di Siena might not be an isolated case, Monte Paschi Chairman Alessandro Profumo said on Friday.

Henrik Fisker joins Hong Kong tycoon to salvage Fisker: sources

Henrik Fisker is working with an investor group to salvage Fisker Automotive, the "green" car company he co-founded nearly six years ago that is now struggling to stave off bankruptcy, people familiar with the matter said this week.

Average U.S. 401(k) Balance Tops $80,000, up 75% Since 2009

The average 401(k) retirement balance for U.S. workers hit a record high of $80,900 in the first quarter, a growth spurt of 75% since the stock market's nadir in March 2009.

Analysis: German economy to pick up but fall short of traditional pace

Germany's economy will recover from a bout of winter weakness but fall well short of the dynamic growth rates of previous years as euro zone recession and global slowdown stunt exports and investment.