| | | Wall Street's rock-solid quarter ends with a loss | | | (Reuters) - Wall Street fell on Friday, pulled down by Exxon and JPMorgan Chase as investors wrapped up a strong quarter and weighed whether corporate earnings reports will justify the market's lofty valuations. |
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| | | Credit Suisse under fire as clients hunted for tax evasion | | | AMSTERDAM/ZURICH (Reuters) - Swiss bank Credit Suisse has been dragged into yet more tax evasion and money laundering investigations, after a tip-off to Dutch prosecutors about tens of thousands of suspect accounts triggered raids in five countries. |
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| | | Fannie, Freddie may write down $21 billion due to U.S. tax cut: BMO | | | NEW YORK (Reuters) - U.S. mortgage finance giants Fannie Mae and Freddie Mac may write down $21 billion of tax-related assets if there is a deep cut in the federal corporate tax rate as promised by President Donald Trump, according to an analyst at BMO Capital Markets on Friday. |
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| | | BlackRock's active gambit ups pressure on rivals | | | NEW YORK/BOSTON (Reuters) - BlackRock Inc's decision to revamp part of its stock-picking business puts further pressure on active U.S. equity managers to cut fees, change products and merge to stem a relentless, 12-year decline in assets. |
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