The documents show that a JPMorgan program designed to prevent questionable hiring practices was ultimately viewed inside the company as "a gateway to doing business with state-owned companies in China," the Times said, adding that it had reviewed copies of the emails and computer spreadsheets.» Read More
The markets jump on reports central banks are putting plans in place to prepare for the Greek elections; UK bankers say they will take whatever steps necessary to protect their currency; the video game industry continues its free fall; Allen Stanford is sentenced to 110 years in jail.
Six years ago, Wall Street and the City of London were consumed with “Goldman envy”. But that seems to be changing. The FT reports.
Jamie Dimon faces the Senate Banking Committee; Dick Clark Productions up for sale; Greek bank withdrawals increase ahead of the election; Spain credit rating is slashed; Tim Geithner discusses jobs growth.
Hong Kong’s banking regulator has bowed to private banking industry demands to cut red tape in a bid to help the Chinese territory compete better with Singapore. The FT reports.
Apple unveils their newest offerings including new MacBook Pro, maps app, Siri for iPad; the market relief over a Spain bank bailout was short-lived; NetJets expands the fleet; family median income falls to levels not seen since 1992.
Ben Bernanke underwhelms traders in his regular visit to Capitol Hill, Starbucks gets ready to roll out the K-Cups, Best Buy Chairman resigns, Barnes & Noble doesn’t like the e-book settlement.
Discussions continue as to how to recapitalize Spain’s troubled banks, Fannie Mae gets a new CEO, Sprint will soon be rolling out a pay-as-you-go iPhone, Starbucks and Coinstar strike a deal.
Goldman Sachs has laid off roughly 50 people last week, a number of whom were from the higher end of its pay scale, according to people briefed on the matter but not authorized to speak on the record, rattling sentiment with the firm. The New York Times reports.
A 275 page report sheds light on what may have happened in the last days of MF Global, airlines consider more fees, Starbucks spends $100 million on bread companies, CBS Outdoor billboards business could fetch $6 billion.
Falling stock market turnover in Hong Kong and Singapore is increasing pressure on medium and small-sized brokerage firms, hurting their commissions and forcing some to cut jobs.
The Dow continues to have a choppy May, Kayak delays its IPO, U.S. Treasury yield hits record low, TiVO goes into the red, Lionsgate reports a loss and Virgin Galactic gets the go ahead for a test flight.
Large size is an impediment to effective bank management, says Peter Cohen, Cowen Group chairman and CEO, discussing big retail brokerage firms and client services, with CNBC's Gary Kaminsky.
"It's a very difficult set of circumstances to manage that much, says Thomas Hoenig, FDIC board member discussing his proposal to severely limit the activities of banks, with CNBC's Steve Liesman.
Is it time to buy financials, currently one of the worst-performing sectors in the market? David Katz, Matrix Asset Advisors chief investment officer, discusses whether there is a buying opportunity in financials.
CNBC's Mary Thompson reports the latest detail from Goldman Sachs' annual shareholder meeting.
Sallie Krawcheck, former Merrill Lynch Wealth Management CEO, discusses the Facebook fiasco, and where investors are now putting their money.
CNBC's Mary Thompson reports the latest detail on shareholders and protesters gathering at Goldman Sachs' annual meeting in New Jersey, to rally against CEO Lloyd Blankfein's leadership, and Michele Burns' re-election to the board, among other things.
Brennan Hawken, UBS director of equity research, discusses Facebook's poorly executed IPO, Morgan Stanley's role as underwriter and why he maintains a "buy" rating and price target of $19 on Morgan Stanley.
CNBC's Kayla Tausche reports government regulators are looking into whether Morgan Stanley followed the same procedures for Facebook's IPO as it has for all other initial public offerings.
Yra Harris, Praxis Trading, discusses which market moving activities traders will be watching ahead of the opening bell and shares his perspective on repealing the Glass-Steagall Act.