AIG sold a chunk of its stake in China's PICC for $1.25 billion, joining other big financial companies in stepping away from holdings on the mainland. » Read More
Even as financial shares on Wall Street have slumped as much as 40 percent in the past year, the investment community remains divided about whether now is a buy or still a sell for the lenders..
As Americans struggle to pay off underwater mortgages and student loan debt, some experts say simple changes to bankruptcy law could provide many with financial relief and potentially help the economy.
Wild stock market swings, which have been rocking Wall Street since the middle of summer, are likely to last through next year, and investors should get ready for even greater volatility, warn analysts.
Facing declining wages and mounting debt, the weakened American consumer is likely to stay that way for a very long time, some economists say.
JPMorgan says education services, electronic equipment and instruments, as well as aerospace and defense could be the hardest-hit sectors, as the bipartisan congressional “supercommittee” looks for targets to cut the federal budget.
The weakened American consumer is likely to stay that way for a very long time, some economists say.
New reports that Yahoo! may be a takeout target is creating opportunities in the options market.
As the stock market continues to struggle, many investors who bet on this year’s new issues are taking an outsized hit since nearly two-thirds of 2011s IPOs are below their initial offering price.
Following news that Warren Buffett's Berkshire Hathaway will invest $5 billion in Bank of America, will investors take this as a sign of confidence in the financial sector?
The financial sector has failed to keep up with the broader market's rally off the mid-March lows, and that means something has to give, according to Carter Worth, Oppenheimer Asset Management's chief technician.
US officials are split on how many financial institutions should be branded systemically important, say people familiar with inter-agency talks, amid desperate lobbying by non-bank financial groups to avoid the designation, the Financial Times reports.