NEW YORK (Reuters) - Stocks ended higher on Friday, led by gains in bank shares, as the S&P 500 index bounced back from its second-worst decline of the year.
Reuters
Moody's downgrade gives edge to safe-haven banks
LONDON/NEW YORK (Reuters) - Major ratings downgrades by Moody's will further divide the world's biggest banks based on their strength and access to cheap customer deposits.
Julius Baer eyes BofA's Asia, Latam presence: paper
BASEL, Switzerland (Reuters) - Julius Baer , in talks with Bank of America about buying Merrill Lynch's non-U.S. wealth management unit, is particularly interested in its presence in Asia and Latin America, Chief Executive Boris Collardi told a newspaper.
RIM considers splitting business in two: paper
LONDON (Reuters) - BlackBerry maker Research in Motion is considering splitting its business in two, separating its struggling handset manufacturing division from its messaging network, The Sunday Times reported.
