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Mitsubishi UFJ, Mizuho Cut Forecasts as Bad-Loan Costs Swell (Bloomberg) Oct. 31 (Bloomberg) -- Mitsubishi UFJ Financial Group Inc. and Mizuho Financial Group Inc., Japan's largest banks by revenue, cut profit forecasts by more than half after a slowing economy pushed bad-loan costs higher.
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American Express Falls After Federal Approval to Become a Bank - Bloomberg Nov. 11 (Bloomberg) -- American Express Co. , the credit-card company that relied most on the capital markets for fundraising, fell in early trading after winning U.S. Federal Reserve approval to become a commercial bank. The Fed waived a 30-day ...
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