Banks were prompted to look at their tradition of "client hires" as the SEC deepened its investigation of JPMorgan's hiring of two Chinese nationals.

Public labor unions asked a US court to throw out Detroit's bankruptcy filing on various grounds.

A recovery in the US housing market lifted the sales and earnings of Home Depot. Home Depot Inc gained from the rebound experienced in the US housing market.

Bethany McLean of Reuters wrote that it would be a challenge to remove government sponsored enterprises from the US mortgage market.

Eurozone indicators and US trends point to a recovery in the global economy. Positive results from business surveys conducted in the Euro Zone as well as encouraging trends in the US all point to better prospects for the global economy.

A federal judge allowed the lawsuit filed by the Justice Department against a unit of Bank of America to proceed by endorsing a broad interpretation of the FIRREA.

The European Union said it would study the possibility of using economic pressure to end the bloodshed in Egypt.

President Obama met with regulators of the US financial markets to discuss their progress on the implementation of the 2010 Wall Street Reform Law.

Rexnord Aerospace announced acquisition for Micro-Precision Technology assets that would allow the two companies to expand their portfolio..

Wells Fargo said it had intended to expand its fund services clients in the Asian region by as much as 20% a year.