mosaec

Talks Between European Banks May Kick-Start More Cross-Border Deals

Banking and Financial Institutions Commerzbank European Union International Relations Mergers, Acquisitions and Divestitures Unicredito Italiano SpA

Talks Between European Banks May Kick-Start More Cross-Border Deals

Investors are cheering a possible tie-up between UniCredit of Italy and Germany’s Commerzbank, but politics may stand in the way.

By Bernhard Warner

China Cuts Interest Rates and Mortgage Down Payments

Banking and Financial Institutions China Interest Rates Mortgages Pan Gongsheng People's Bank of China Real Estate and Housing (Residential)

China Cuts Interest Rates and Mortgage Down Payments

The country’s central bank also freed commercial banks to lend more money in a package of moves aimed at rekindling growth in a stagnant economy.

By Keith Bradsher

Visa Faces an Antitrust Lawsuit by the Justice Dept.

Antitrust Laws and Competition Issues Banking and Financial Institutions Justice Department Regulation and Deregulation of Industry Suits and Litigation (Civil) Visa Inc

Visa Faces an Antitrust Lawsuit by the Justice Dept.

The agency plans to argue that the company illegally penalizes customers that try to use rival payment processors.

By Lauren Hirsch and David McCabe

Stocks Rally a Day After Fed’s Big Interest Rate Cut

Banking and Financial Institutions Federal Reserve System Powell, Jerome H Regulation and Deregulation of Industry Russell 2,000 Stock Index Standard & Poor's 500-Stock Index Stocks and Bonds United States Economy

Stocks Rally a Day After Fed’s Big Interest Rate Cut

The S&P 500 had already been climbing as investors grew more confident that the Federal Reserve would cut interest rates by half a percentage point. Thursday’s gain put the index in range of a closing record.

By Joe Rennison and Danielle Kaye