NEW YORK, Sept 19- Merrill Lynch fired two veteran brokers from its Private Banking and Investment Group two weeks ago for guiding clients to invest in a hedge fund outside of the brokerage firm.» Read More
The financial industry should not go “overboard” in cutting costs in reaction to current market conditions, the chief executive of Goldman Sachs has warned, a day before the bank is poised to announce one of its smallest ever groups of new partners. The FT reports.
In honor of John McAfee, who spoke to our own Jeff Pohlman today while he is trying to stay one step ahead of the law in Belize.
Can stocks reverse a recent trend or will they go deeper in the red for the week?
Ahish Shah, global head of credit at AllianceBernstein, tells CNBC that UBS's restructuring represents an opportunity developing within credit markets to undergo deleveraging that may result in greater returns.
UBS is set to unveil a radical downsizing of its struggling investment bank next week in a move that will prompt the loss of up to 10,000 jobs across the Swiss banking group.
In an earlier "Squawk on the Street" interview CNBC's Gary Kaminsky weighs in on Lloyd Blankfein's reaction to Greg Smith's tell all memoir, "Why I Left Goldman Sachs."
Lloyd Blankfein, chairman & CEO of Goldman Sachs; Neil Blumenthal, Warby Parker co-founder; and Premal Shal, Kiva.org president, talks about business innovation and entrepreneurship, with CNBC's Julia Boorstin.
Texas Instruments and Yahoo report earnings, Best Buy bets on Windows 8, Monster Beverage drops in the wake of a lawsuit, Amazon says the Kindle is a top seller, the U.S. Customs Agency drops the Blackberry.
David Hilder, Drexel Hamilton banking analyst, breaks down the company's third quarter numbers of $0.28 EPS on $7.6 billion in revenues, and discusses whether to invest in financials now.
CNBC's Mary Thompson reports strength in the company's earnings is being driven by its investment banking, fixed income and investments and lending.
Douglas Sipkin, Susquehanna Financial senior analyst, breaks down the big bank's third quarter earnings of $2.85 versus $2.12 estimates, on revenues of $8.35 billion.
Apple hires an exec from Amazon, Yahoo hires an exec from Google, two new drugs cited in meningitis outbreak, Les Moonves extends his stay at CBS, an early review of the first chapter from a book by a disgruntled Goldman Sachs employee is not kind.
CNBC's Kate Kelly reports the fallout over JPMorgan's trading blunder may have played a role in the CFO's decision to step down.
CNBC's Kate Kelly reports the fallout over JPMorgan's trading blunder may force the company's CFO to step down.
Jamie Dimon speaks out, PC sales are in decline; U.S. sets tariffs on solar panels and Spain is downgraded by the S&P for the third time this year.
Jamie Dimon, CEO of JPMorgan, says the economy would have been booming if the U.S. would have adopted Simpson-Bowles.
CNBC's Gary Kaminsky explains how QE3 is impacting deals on Wall Street, and how to avert a global recession, with CNBC's Rick Santelli.
Equities finish lower, Alcoa and Yum get earnings season off to a good start.
A quiet day of trading as the markets slowly approach 5-year highs; the meningitis outbreak grows; Huawei fires back at the U.S. and the IMF slashes forecasts for global economic growth.
Once the dregs of the U.S. economy, beleaguered mortgage banks are becoming more attractive as the home sector claws back from a depression, an analyst said Monday.