Fund manager Neil Woodford has sold his fund's stake in HSBC, citing concerns over the potential impact of several industry-wide probes.» Read More
Not so fast. There was another catalyst behind the rally – something unexpected and not widely talked about.
JPMorgan Chase is close to reaching settlements of roughly $800 million in fines related to its London Whale trading loss.
There's a modest global rally underway as Larry Summers withdraws from the Federal Reserve chair running. More important will be the Fed's updated economic outlook on Wednesday.
BlackBerry's parts may be more coveted than the company as a whole, according to Reuters.
Packaging Corp. of America said it would acquire smaller rival Boise for about $1.28 billion to increase its container board capacity.
Op-ed: Five years after Lehman Brothers, big pillars of reform are still not in place and five years from now, we could find ourselves in another financial crisis.
Fed contender Larry Summers, who has been criticized for being too cozy with Wall Street, has canceled all events with Citigroup while Obama mulls his decision.
A clutch of hot Silicon Valley names that have steered clear of the markets may now gravitate back if Twitter helps revive investor interest in consumer apps and dotcoms.
CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories, including the Fed meeting, the anniversary of the collapse of Lehman, and a short list of earnings reports. And new iPhones hit stores this week.
Muriel Siebert, the first woman to hold a seat on the New York Stock Exchange, left $100,000 to her dog, the New York Post reported on Friday.
A lawyer for a former JPMorgan employee who worked with the "London Whale" wants prosecutors to drop criminal charges against Julien Grout.
The TARP financial industry bailout was one of the "worst decisions in the history of the United States," former Wells Fargo boss Richard Kovacevich told CNBC.
Two key questions dominate Twitter's initial public offering: where will it list, and how much will it float?
A gentlemen's agreement between hedge fund titans Steve Cohen and Izzy Englander not to poach employees from each other's firms appears to be over.
CNBC's Rick Santelli breaks down the latest numbers on the economy, and discusses its likely impact on the markets. And Marc Lasry, Avenue Capital chairman & CEO, shares his views on the outlook on the hedge fund industry.
Talking Squawk—the official blog of everything "Squawk Box"—is back from hiatus and chock-full of goodies.
"This is a huge investment of people, time and money … but it will make us stronger in the long run," Jamie Dimon says.
No one had ever seen anything like it, former Treasury Secretary Hank Paulson told CNBC on Friday—nearly five years after Lehman Brothers went down.
Britain's economy is picking up at last but the country has a problem it didn't face after previous recessions.
The results of the latest NBC News/Wall Street Journal poll also show that by a two-to-one margin, the public says the country is on the wrong track.
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Some of the most powerful members of the financial community think the American economy is going to be just fine.
Common Sense has hired another SocGen exec as it rebuilds after the arrest of its founder and the loss of clients.
All those headlines about new stock market highs may look sexy, but life for active managers hasn't been quite so much fun.