Securities

By Elzio Barreto and Denny Thomas HONG KONG, May 6 (Reuters) - State-owned China Galaxy Securities Co Ltd set a record for Hong Kong's IPO market on Monday, with a total of 21 banks working as joint bookrunners on its $1.37 billion offering. That...

* Adverse ruling in court case may be blessing in disguise * Court finds a "cost-based" standard for data By Herbert Lash NEW YORK, May 3 (Reuters) - At first blush the two leading U.S. stock exchanges won a sweeping victory this week in a long-running...

RICHMOND, Virginia (Reuters) - A recovery in the housing market means the Federal Reserve should think about how to reduce its holdings of mortgage-backed securities over time in order to avoid creating another bubble in real estate, a top central...

(Corrects that CRPC designation is available from College for Financial Planning, not the Certified Financial Planner Board of Standards) By Suzanne Barlyn NEW YORK, May 2 (Reuters) - Financial advisers may need to be more careful then ever when using...

* SAC Capital employee loses bid for new judge * Steinberg has pleaded not guilty to five counts By Bernard Vaughan NEW YORK, May 3 (Reuters) - A federal judge has set Nov. 18 for the start of the criminal trial of Michael Steinberg, the most senior...

By Karen Freifeld NEW YORK, May 3 (Reuters) - When New York Attorney General Eric Schneiderman gave up a claim for damages against former AIG chief Hank Greenberg, he also likely neutralized a long-awaited challenge to his office's power. New York's...

NEW YORK (Reuters) - Flagstar Bancorp Inc said Thursday it would pay $110 million to settle a lawsuit by MBIA Inc accusing the bank of misrepresenting the quality of loans underlying $1.1 billion in mortgage-backed securities. MBIA filed the lawsuit in...

May 2 (Reuters) - American Capital Agency Corp's first-quarter net profit fell about 65 percent due to a loss on the sale of agency mortgage-backed securities (MBS) and derivatives. The real estate investment trust's (REIT) shares were down 8 percent in...

* Gulf Coast gas processing plant to shut, curb oil output * Crude futures rally * Brent/U.S. crude spread narrows NEW YORK, May 2 (Reuters) - U.S. cash crude differentials strengthened on news of planned maintenance at a Mississippi gas processing plant...

NEW YORK (Reuters) - Financial advisers may need to be more careful then ever when using special "senior" credentials to market themselves to older Americans after the newest U.S. financial regulator took aim at those designations, say compliance...

By Suzanne Barlyn NEW YORK, May 2 (Reuters) - Financial advisers may need to be more careful then ever when using special "senior" credentials to market themselves to older Americans after the newest U.S. financial regulator took aim at those...

The KPMG insider trading scam was far more profitable than earlier known and went longer than thought. Scott London, the disgraced ex-auditor from KPMG's office in Los Angeles, has been charged in a federal complaint with one count of conspiracy to...