Explore Plano, Texas

Societe Generale, France's second-largest listed banking institution, stated that its quarterly profit declined by a worse-than-anticipated 88.6%, hit by toxic assets at its investment banking institution and further write-downs on its Greek sovereign debt.

Citigroup has decided to pay $158.3 million to settle claims, which its mortgage division fraudulently misled the administration into insuring hazardous mortgage loans for over six years.

As Rick Santorum and Mitt Romney take over more advertisings in Michigan, two novel polls show Santorum building on his newfound lead in the battle for the state's Republican presidential primary on Feb. 28.

UBS AG, Credit Suisse Group AG and Morgan Stanley's credit rankings may be slashed by as many as three points by Moody's Investors Service that is reviewing 17 banking institutions and securities companies with worldwide capital markets operations.