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
Discussing Schwab's exposure to European sovereign debt; the ripple effect of the turmoil in the EU on U.S. markets; and if there is any truth to the rumor, Schwab is interested in pieces of MF Global, with Charles Schwab, Charles Schwab chairman.
CNBC's Kayla Tausche reports the latest details on MF Global on Wednesday, with a 17% rise in short interest on the stock, and how to trade it, with the Fast Money traders. Also, a look at how Goldman Sachs would benefit from the acquisition of MF, with Dick Bove, Rochdale Securities.
Jes Staley, J.P. Morgan Investment Bank CEO, shares his view on Europe and how investment banks are dealing with pressures on the global economy and regulation.
Goldman Sachs, once Wall Street’s highest flier, has been grounded, and it does not bode well for the rest of the financial industry or the New York City economy that depends on it, the New York Times reports.
Recapitalizing Europe's banks will not solve the sovereign crisis, Otto Dichtl, director of financials at Knight Capital Group, told CNBC.
Vietnamese brokers and industrials will experience 500 percent upside over the next 2-3 years, David Roes, CEO of ASEAN Investment Management, told CNBC.
CNBC's Mary Thompson reports Goldman Sachs announced it has no plans to change the company's status because of the implementation of the Volcker Rule.
Debating whether the "best firm on Wall Street" is headed for its worst quarter since the financial crisis, with Rob Cox, Reuters Breakingviews, U.S. editor.
Singapore’s role as the wealth management center of Asia has been strengthened by the growing number of millionaires in the region, but it’s also being challenged by a shrinking pool of workers needed by the sector.
Goldman Sachs, bracing for what could be one of its worst quarters since it went public 12 years ago, is preparing to expand its cost-cutting initiative by hundreds of millions of dollars, the New York Times reports.
UBS’s $2 billion rogue trading loss highlights the need for a pan-bank risk management body, Don Tapscott, author of ‘Wikinomics: how mass collaboration changes everything’ and chairman of nGenera Insight think tank, told CNBC.
Mad Money host Jim Cramer explains the anatomy of a cataclysmic bank failure and why some securities are saved and others aren't.
Lower Manhattan was nearly destroyed in the 9/11 attacks, but 10 years later, with the help of major investment, it has seen a dramatic recovery.
Market turmoil in Europe and the U.S. may have made financial institutions in Asia—particularly China—even more attractive sources of credit for Latin American banks.
The German banking sector should be able to withstand stresses resulting from exposure to peripheral Europe, with the possible exception of Commerzbank, which has a high level of PIIGS exposure, according to Michael Rohr, head of financials at Silvia Quandt Research.
The chief executive of Barclays has renewed speculation over the bank’s future in the UK if the British government pushes ahead with sweeping reforms of the industry, the FT reports.
CNBC's Kate Kelly's exclusive interview with Jes Staley, CEO of JP Morgan's investment bank.
The Strategy Session news team with a look at the spreading debt problem for European banks, and insight on the stability of the financial sector, with CNBC's Kate Kelly, and Jes Staley, CEO, J.P. Morgan Chase Asset Management CEO.
CNBC's David Faber & Herb Greenberg report on work force reduction in the investment banking and big banks sectors.
Citadel is on the offensive with an angry call for an E*TRADE sale, with Rich Repetto, Sandler O'Neill, and discussing whether it really needs that much cash.