European Bank Cuts Key Interest Rate
The European Central Bank cut interest rates Thursday to offset the war fears weighing down the continent's economy, but it chopped rates by only a quarter-percentage point - less than many had expected.
( DAVID McHUGH, Associated Press, 03/06/2003 03:04 PM EST)

Bank of Japan Says Economy Remains Flat
Japan's central bank said Thursday that Japanese economic activity was flat in March, the same assessment that it has made for the past four months.
( Associated Press, 03/06/2003 01:29 PM EST)

Citigroup leads list of top fee earners
Banc of America rises to 9th in '02 ranking, up a notch from '01
Citigroup Inc., Credit Suisse First Boston and Deutsche Bank AG are emerging as the dominant investment banks on Wall Street, helped by a boom in corporate borrowing, the stock markets' three-year slump and a paucity of advisory assignments for traditional securities firms.
( Bloomberg News, 03/05/2003 06:27 AM EST)

Conseco Finance bankruptcy auction yields $1 billion bid
Conseco Inc.'s money-losing consumer finance unit would be split into two pieces and sold for $1 billion under the winning bid in an all-night bankruptcy auction that concluded Wednesday.
( MARK JEWELL, Associated Press, 03/05/2003 01:35 PM EST)

Provident Financial to Restate Earnings
Provident Financial Group Inc. said Wednesday it will restate its operating results for the last six years because of accounting errors. The bank holding company also cut its 2003 earnings outlook.
( Associated Press, 03/05/2003 11:38 AM EST)

Norway Central Bank Cuts Interest Rates
Norges Bank, the Norwegian central bank, lowered key interest rates Wednesday by a half-percentage point.
( Associated Press, 03/05/2003 09:50 AM EST)

Two Lawmakers Seek Bankers Trust Probe
Two House lawmakers have asked the Securities and Exchange Commission to investigate tax schemes designed by Bankers Trust, one of several outside advisers to Enron Corp. that helped the failed energy merchant inflate its reported income by millions.
( Associated Press, 03/05/2003 08:13 AM EST)

A top engineer of the Internet boom resigns
Banker is suspected of destroying documents to obstruct inquiry
Credit Suisse First Boston said Frank Quattrone, whose Silicon Valley office managed the most computer-related share sales at the height of the Internet boom, resigned as he faces government probes of allegations he destroyed documents to obstruct an investigation.
( TOM CAHILL, Bloomberg News, 03/05/2003 06:27 AM EST)

Greenspan Says Housing Market May Cool
Federal Reserve Chairman Alan Greenspan said Tuesday that the high-flying housing market is likely to lose a bit of altitude this year. That could slow consumer spending, one of the economy's few bright spots, he cautioned.
( JEANNINE AVERSA, Associated Press, 03/04/2003 08:56 AM EST)

Capital One Exec Quits Ahead of SEC Suit
Capital One Financial Corp. said Monday its chief financial officer resigned after the Securities and Exchange Commission said it might file a lawsuit alleging that he sold stock ahead of news that caused a 40 percent drop in the share price.
( MICHAEL BUETTNER, Associated Press, 03/03/2003 12:13 PM EST)

Ex-Lehman Brothers Trader Settles Suit
A bond trader who accused Lehman Brothers of wrongfully dismissing him after he helped rescue it from losses suffered in Russia ended his lawsuit with an out-of-court settlement Monday.
( Associated Press, 03/03/2003 02:36 PM EST)