NEW YORK, July 25- Cynk Technology shares plummeted to close down about 85 percent on Friday after a trading suspension was lifted, but the stock was only being exchanged in private deals.» Read More
Ronald Kruszewski, Stifel Financial chairman, president and CEO, explains how the trading glitch at Knight Capital has left the company fighting for survival, after losing over $400 million.
CNBC's Kayla Tausche reports the latest details on the fallout from Knight Capital's trading glitch this week, as the company looks for ways to shore up its capital positions.
The stock market is risky as it is, Cramer said, adding investors should have to worry about software glitches, as well.
Weeks after criticizing Nasdaq for the handling of the Facebook IPO, Knight Capital has its own troubles; Green Mountain Coffee "hyper" growth is over; Yelp surges after revenues; the Fed hints the economy may be slowing and traders are watching the ECB meetings tomorrow.
A setback for Google; MGM buys out Icahn; tough times for EA and Take Two and Facebook hits new post-IPO lows.
Ross Levinsohn leaves Yahoo; ManU get ready for IPO and more bad news on the corn crop as the drought worsens.
"The Street got ahead of us," says Paul Reilly, Raymond James Financial CEO, breaking down the company's third quarter numbers, reporting a 63% surge in profits but falling short on EPS estimates. Reilly also discusses the headwinds facing the banking sector.
Former Sen. Chris Dodd, (D-CT), discusses banking reform and regulating big banks. He also weighs in on whether there are key elements of his legislation he would like to change.
Austan Goolsbee, former Council of Economic Advisers chairman, discusses key elements of the Dodd-Frank Act and weighs in on Weill's call yesterday on CNBC's "Squawk Box" to break up the big banks and whether regulators are too close to Wall Street.
"These banks are not only too big to manage, they are too big to regulate," says Camden Fine, president & CEO of Independent Community Bankers of America, discussing his thoughts on whether investment banks should separate from commercial banks.
Discussing Sandy Weill's remarks on breaking up the banks, with Bethany McLean, Vanity Fair, and Jared Bernstein, Center on Budget & Policy Priorities.
Sen. Ben Cardin (D-MD) shares his opinions on bank regulations, and clawbacks. "I will do everything in my power so we do not have to face [clawbacks]. This is not some game of some sort; this is about America," he says.
CNBC's Eamon Javers reports Treasury Secretary Timothy Geithner is being questioned today for his part in the Libor rate-manipulation scandal.
CNBC's John Harwood reports on Sandy Weill's comments earlier today on "Squawk Box," and Washington's reaction.
Discussing Sanford Weill's remarks on going back to Glass-Steagall, with Sheila Bair, former FDIC chairman and the Fast Money traders weigh in with the play on regional bank stocks.
CNBC's Brian Shactman and Art Cashin, of UBS, discuss Apple's influence on the markets, and weigh in on the Glass-Steagall Act and whether investment banks should be separated from traditional banking.
CNBC's Gary Kaminsky weighs in on Sandy Weill's comments earlier today on "Squawk Box" that it is time to separate investment banks from banks.
Is it time to revert back to the Glass-Steagall Act? Jeffery Harte, Sandler O'Neill principal, responds to comments made by Sandy Weill on CNBC's "Squawk Box" earlier today on whether it is time to separate investment banks from banks.
CNBC's Eamon Javers reports Treasury Secretary Timothy Geithner did not respond to Sandy Weill's comments earlier today on CNBC's "Squawk Box", that big banks should be broken up. But Rep. Carolyn Maloney, (D-NY) did weigh in on the issue.
"If the financial industry is structured with transparency and with limits on how much leverage can be used, I think people will have a lot more confidence," says Sanford Weill, former Chairman & CEO of Citigroup, discussing why he thinks it is time to break up the big banks.