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
Morgan Stanley dragged into Brazil bank fight: report
SAO PAULO (Reuters) - Brazilian authorities want investment banking giant Morgan Stanley to return about 113 million reais ($54 million) associated with a stock sale by shareholders of troubled lender Banco Cruzeiro do Sul, which was seized by the central bank this month, Folha de S.Paulo newspaper reported Sunday.
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.
Greek PM to miss EU summit, "troika" postpones trip
ATHENS (Reuters) - Greece's new prime minister and incoming finance minister, who have been ill, will miss this week's EU summit when Athens will propose easing the terms of its bailout and international lenders have had to postpone a first meeting with the team.
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.
Schaeuble says "no" to throwing money at euro crisis
BERLIN (Reuters) - Throwing more money at the eurozone debt crisis will not solve the problem because the troubles have to be resolved at the cause, German Finance Minister Wolfgang Schaeuble said on Sunday.
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.
Merkin settles Madoff-related suit with New York
NEW YORK (Reuters) - Money manager Ezra Merkin has agreed to pay $410 million to settle a lawsuit brought by the New York attorney general that accused Merkin of steering client money to Ponzi schemer Bernard Madoff, a person familiar with the settlement said on Sunday.
PDVSA turns to traders to sustain Ecuador oil deal
CARACAS (Reuters) - Venezuelan state oil giant PDVSA has had to buy dozens of extra fuel cargoes from countries as far away as Estonia and Saudi Arabia to keep up its side of a 2008 oil supply deal with leftist ally Ecuador, according to traders and sales documents.
Analysis: Be afraid: Some in U.S. see shades of 2008 in euro crisis
These are the words some prominent American investors and strategists are using to describe the worsening debt crisis in the euro zone and its impact on the global economy.
