Former Goldman Sachs Group trader Matthew Taylor was sentenced to nine months in prison and ordered to pay $118 million in restitution.» Read More
The two men worked out how the computerized system would react to certain trading patterns – allowing them to influence the price of low-volume stocks. The FT reports.
The four largest health insurance companies in the US denied coverage to more than half a million individuals because of their pre-existing conditions from 2007 to 2009, according to a congressional investigation.
A combination of better data than expected, China’s pledge to buy the country’s bonds and hopes that international bail-out loans will be extended have boosted investor sentiment. The Financial Times reports.
Ireland has opened the door to a renegotiation with senior bondholders of its two nationalized banks despite previously opposing any such move. The FT reports.
Regulators are struggling to create a global mechanism that could wind down a big financial institution without the disruption caused by Lehman Brothers’ collapse in 2008, reports the Financial Times.
The internet giant is using its vast database of web shopping data to construct the ‘Google Price Index’ – a daily measure of inflation. The Financial Times reports.
This year’s rescue plans for Greece and the euro zone were driven partly by rising US anxiety about the risks to global financial stability stemming from Europe’s slowness to take action. The FT reports.
Investors in euro zone bond markets stand accused of letting “animal spirits” affect their judgment on the risk of a European debt default. The FT reports.
Economic growth is precarious, unemployment is painfully high, debt levels are staggering and the stock market isn’t all that cheap.
The head of the International Monetary Fund has warned that governments are risking a currency war if they try to use exchange rates to solve domestic problems, reports the Financial Times.
Barack Obama signalled he was open to lowering the US corporate tax rate from its level of 35 per cent, amid speculation that the administration could seek broad-based reform of the tax code as early as next year, reports the Financial Times.
The US Federal Reserve must not launch a new round of asset purchases without setting out what they are meant to achieve, the president of the Philadelphia Fed has warned in an interview with the Financial Times.
In an era of deficient demand, issuers of reserve currencies adopt monetary expansion and non-issuers respond with currency intervention. Those, like Brazil, who are not among the former and prefer not to copy the latter, find their currencies soaring. They fear the results.
The US government is in danger of missing its deadline of divesting all of its Citigroup shares by the year-end after a fall in stock market trading volumes prompted authorities to slow down sales in July and August.
Europe’s central banks have all but halted sales of their gold reserves, ending a run of large disposals each year for more than a decade. The FT reports.
The repo market was central to the dramas of 2008. One of the main reasons why entities such as Lehman Brothers collapsed, after all, was that investors fled from repo deals, because they became frightened about counterparty risk.
Strong investor demand for junk bonds has pushed the average price on such corporate debt to its highest level since June 2007, when companies could borrow with ease at the height of the credit boom, the Financial Times reports.
Tom Nides, Morgan Stanley’s chief operating officer and a long-time aide to the bank’s chairman, John Mack, is in discussions to take a senior post in Hillary Clinton’s state department, reports the Financial Times.
These hotshots aren't household names. Until recently, they've shunned the limelight.
European banks are borrowing at their fastest rate in almost six months and are set to continue exploiting a positive market mood. The FT reports.
Gold dove on the jobs report, then soared. Here's why.
Siegel and Wien disagree over how much the Fed has driven this year's rally.
Blackstone's Byron Wien and Wharton's Jeremy Siegel have at it in a wide-ranging debate on the market and the economy, with CNBC's Jackie DeAngelis and the Futures Now Traders.
CNBC's Dominic Chu looks at three stocks to watch for next week, including Autozone, which is up 30 percent this year; Costco, which reports early Wednesday am; and Lululemon, which reports Thursday before the bell.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks ahead to where oil and precious metals are likely headed next week.
CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories.