European governments hinted at giving Greece extra time to meet budget-cut targets, as long as the financially stricken country’s feuding politicians put together a ruling coalition committed to austerity.
JPMorgan closed ranks around chief executive James Dimon ahead of a shareholder meeting and announced the departure of a senior executive at the centre of a trading blunder that has cost the bank more than $2 billion in losses.
Moody's Investors Service kicked off its long-awaited downgrades of European and global banks by docking the credit ratings of 26 Italian lenders, a move that could ratchet up the continent's banking woes at a critical time for the currency union.
Facebook Inc has raised the price range on its initial public offering to $34-$38 a share in response to strong demand, a source familiar with the situation said, giving the number-one social network a valuation exceeding $100 billion.
