Securities Derivatives

  • 080808_berkshire_earnings_central.jpg

    Warren Buffett's Berkshire Hathaway reports a 72.7 percent increase in its second quarter operating earnings to $3.07 billion, with "major contributor" Burlington Northern Santa Fe adding $603 million during the period.  But unrealized losses on derivatives contracts helped bring Berkshire's net earnings down by 40 percent.

  • Portugal

    Portugal has become the first euro-zone country to agree to set aside cash – or other assets – against derivative transactions in a decision intended to reduce its funding costs.

  • Plus, get the Treasury secretary's thoughts on derivatives, the economy, Fannie and Freddie and more.

  • Warren Buffett

    Warren Buffett's Berkshire Hathaway, along with other companies in similar circumstances, won't have to put up any collateral for existing derivatives contracts, according to a letter written by two of the key FinReg lawmakers on Capitol Hill.

  • Goldman Sachs' testimony before the Financial Crisis Inquiry Commission Thursday spurred skepticism and frustration among commission members when the investment bank claimed it does not break out revenue and profits from derivatives exposure, Phil Angelides, chairman of the commission, told CNBC Thursday after the hearing.

  • Warren Buffett

    Warren Buffett's Berkshire Hathaway may need $6 to $8 billion in collateral for its multi-billion dollar collateral contracts, if the financial regulation bill passes Congress in its current form.  That's the estimate of Barclays Capital analyst Jay Gelb in a note to clients today, although we won't know for sure until the dust settles.

  • Columns and steps

    The death of Sen. Robert Byrd has thrown the future of financial reform legislation into question just days ahead of an expected final passage vote in the Senate.

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    US lawmakers hammered out a historic overhaul of financial regulations as dawn broke over the nation's capital Friday, handing President Barack Obama a major domestic policy victory on the eve of a global summit devoted to financial reform

  • Columns and steps

    The financial reform bill will likely hurt consumers more than banks because Wall Street will find a way to get around it, banking analyst Richard Bove told CNBC.

  • U.S. Senator Bob Corker (R-TN)

    The compromise reached by negotiators on financial regfulation reform is far from perfect, Sen. Bob Corker (R-Tenn.) and member of the Senate Banking Committee, told CNBC Friday.

  • The US will face a severe credit crunch if the financial regulation bill passes in its current form, Sen. Judd Gregg (R-NH) told CNBC Thursday.

  • If a certain Arkansas senator gets her way, you might want to consider buying a couple of European financials.

  • Paul Volker

    The United States government should not stand behind banks that mix up their trading activities with their banking activities, former Fed Chairman Paul Volcker told CNBC Monday.

  • A beneficiary of financial regulatory reform is coming public just as a bill is close to passing. Here’s how you trade it.

  • Jerome Kerviel shown here released on bail from La Sante Prison by a Parisian court on March 18, 2008 in Paris, France. Jerome Kerviel, the Societe Generale rogue trader was accused of losing 4.9 billion euros (7.2 billion US dollars) through unauthorised trading.

    Jerome Kerviel goes to trial Tuesday over unauthorized trades that cost French bank Societe Generale 4.9 billion euros ($6 billion) in 2008.

  • The far-ranging financial reform package currently being negotiated for passage in Congress must beat back Wall Street's press for exceptions, U.S. Commodity Futures Trading Commission chairman Gary Gensler told CNBC Thursday, noting that the "American public needs a strong bill."

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    As the House and Senate begin merging their separate bills into a single bill, they still have a chance to make some important improvements. Here are four issues to watch in coming  weeks. The NYT explains.

  • Timothy Geithner

    Without the support of the UK or many euro-zone members, the EU looks split on key issues at a time when the Treasury Secretary thinks they should be standing united.

  • chicago_board_2_200.jpg

    Global stock markets are regularly seeing three-percent swings as investors grapple with worries about the euro zone debt situation and escalating tensions between North and South Korea.

  • shell_game_200.jpg

    Should people be able to bet on your death? How about your financial failure? The New York Times explains.