The U.S. dollar fell to a record low against the euro today, depreciating 1.1% to $1.5965.
Consumer prices rose by 0.3% in March, led by rising costs in energy, food and transportation.
JPMorgan, Wells Fargo, BlackRock and Knight showed first-quarter profits, while Piper Jaffray swung to a loss.
Before JPMorgan stepped in to buy Bear Stearns at a bargain basement price in March, the firm was already flailing.
Joseph P. Brandon, chairman and chief executive of General Re Corp., left his post following a rocky court case.
The increase in the producer price index was the largest increase since the it rose 2.6% in November 2007.
State Street posted a 69% increase in profit for the first quarter, helped by $600 billion in new assets.
Samuel Israel III, former CEO of the defunct Bayou hedge fund, was also ordered to pay $300 million in restitution.
Hedge fund managers prepared one set of recommendations; investors with money in the funds compiled the other.
As identity theft continues to wreak havoc on the American public, including those in the financial services industry, firms are rushing to patch up holes in their online defenses with the newest software and processes.
