Financial Crisis News

Wall St trial summations hone in on 'toast' email

* Trial of ex-Bear Stearns managers nears end

AIG, Magna, Activision Blizzard are big movers

The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange:

US STOCKS-Wall St flat; broker upgrades offset jobs data

Fla. yacht broker gets 2 months prison in UBS case

A Florida yacht broker who admitted filing a false U.S. tax return and concealing millions of dollars in a secret account at Swiss bank UBS AG was sentenced Friday to two months in prison.

CORRECTED - CORRECTED-DEALTALK-Even distressed sellers in Asia get top price

(Corrects paragraph 7 to show one buyer for ING Swiss assets)

Korea Life may raise around $2 bln in IPO-sources

* Valued at $10 bln, plans 20 pct public float-sources

Greenberg: No signs of slowing down after 50 years

When Maurice "Hank" Greenberg has been in the news during the past five years, the story usually has been about AIG, the company he built into an insurance conglomerate and headed until his ouster in 2005.

Global view key to US role on failing banks-official

* US Treasury's general counsel urges level playing field

BRIEF-Moody's chges AIG Edison's otlk to neg from developing

Nov 4 (Reuters) - AIG Edison Life Insurance Company *Moody's changes AIG Edison's outlook to negative from developing

ADR Report-Foreign shares weighed by weak European banks

By Angela Moon

ICE profit beats Street, upbeat on market reforms

* EPS of $1.18 in third quarter; $256.3 mln in revenue

World markets stung by banking worries

World stock markets mostly fell Tuesday amid renewed concerns about the banking sector after Britain's Royal Bank of Scotland got more government help and Switzerland's UBS AG booked another massive charge.

Europe shares hit 1-month closing low, banks slip

LONDON, Nov 3 (Reuters) - European shares hit a one-month closing low on Tuesday as disappointing results from UBS <UBSN.VX> and Royal Bank of Scotland's <RBS.L> plan to sell off some businesses to limit government support hurt banks.

Stock futures off, weighed by Europe banks, Fed meet eyed

NEW YORK (Reuters) - U.S. stock index futures pointed to a 1 percent drop at the open on Tuesday as poor results from Swiss lender UBS and a shake-up in British banks weighed on investor sentiment ahead of the start of a two-day Fed meeting.

UBS reports 3Q net loss of $542 million

Swiss bank UBS AG reported a third-quarter net loss of 564 million Swiss francs ($542 million) Tuesday, blaming accounting charges of 2.15 billion francs for keeping it in the red.

European stocks drop in early trade; UBS falls

PARIS, Nov 3 (Reuters) - European stocks fell 1.2 percent in early trade on Tuesday, losing ground for the sixth time in nine sessions, as poor results from UBS <UBSN.VX> and a shake-up of Lloyds and Royal Bank of Scotland <RBS.L> rattled investors.

European stock index futures point lower

LONDON, Nov 3 (Reuters) - European stock index futures fell on Tuesday, pointing to a weaker start for equities after Swiss lender UBS <UBSN.VX> posted poor quarterly results and UK's Lloyds Banking Group <LLOY.L> expected pretax loss for 2009.