Financial Services
Bank of America CEO Lewis may delay retiring - WSJ
NEW YORK, Nov 20 (Reuters) - Bank of America Corp Chief Executive Kenneth Lewis has said he would consider postponing his retirement if directors need more time to find a successor or smooth the transition to the next CEO, the Wall Street Journal reported on Friday. Full Article
TD Bank hit with lawsuit in Florida Ponzi case
MIAMI, Nov 20 (Reuters) - TD Bank was hit with a multimillion-dollar lawsuit on Friday calling it the "financial epicenter" of an alleged Ponzi scheme run by disgraced Florida lawyer Scott Rothstein. Full Article
Chase drops arbitration in credit card contracts
NEW YORK, Nov 20 (Reuters) - JPMorgan Chase & Co on Friday said its credit card contracts will no longer require customers to resolve disputes through arbitration, a practice that critics view as unfriendly to consumers. Full Article
UPDATE 2-JAL to seek emergency bridge loans from govt - Nikkei
Nov 21 (Reuters) - Japan Airlines Corp will ask the government as early as Tuesday for 100 billion yen ($1.13 billion) in bridge loans from the Development Bank of Japan, the Nikkei business daily said. Full Article
UPDATE 1-Small Florida bank fails, brings year tally to 124
* FDIC says Central Bank, in Minnesota, to assume deposits Full Article
CANADA STOCKS-TSX down on weaker oil prices, profit-taking
* Energy sector leads retreat (Updates to close; adds details, quotes) Full Article
US STOCKS SNAPSHOT-Wall St falls on corporate results
NEW YORK, Nov 20 (Reuters) - U.S. stocks fell on Friday as investors took weaker-than-expected results from computer maker Dell and homebuilder D.R. Horton as a further sign that the recovery would be anemic. Full Article
UPDATE 1-Synovus says has enough capital; stock climbs
* Says has enough capital to absorb adverse credit losses * Says "pleased" with core deposit trends Full Article
Royal Bank of Scotland sells $7 bln notes in 2 parts
NEW YORK, Nov 20 (Reuters) - Royal Bank of Scotland on Friday sold $7 billion of government-guaranteed notes in two parts, said IFR, a Thomson Reuters service. Full Article
KKR sees smaller deals, growth investments
NEW YORK, Nov 20 (Reuters) - Private equity giant Kohlberg Kravis Roberts & Co said current deal opportunities include buying noncore subsidiaries from companies and providing rescue and growth capital, rather than the large public-to-privates it is known for. Full Article
Market Update
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US- Europe
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Commodities
| Commodity | Last | Pct Chg | Trade Date/Time |
|---|---|---|---|
| Oil | 77.6 | -0.05% | 20 Nov 22:58 GMT |
| Gold | 1151.4 | +0.83% | 20 Nov 22:14 GMT |
