GO
Loading...

SEC

More

  • Merrill and Goldman Sachs Settle Auction-Debt Probe Thursday, 21 Aug 2008 | 6:11 PM ET

    Three more more financial firms, including Merrill Lynch and Goldman Sachs, reached settlements over the sale of auction-rate securities, a $330 billion market that collapsed in February.

  • Merrill's Thain, Cuomo Discuss Auction-Rate Probe Thursday, 21 Aug 2008 | 4:27 PM ET

    Merrill Lynch CEO John Thain met with New York Attorney General Andrew Cuomo on Thursday in an attempt to reach a settlement of the auction-rate securities probe, CNBC has learned.

  • Merrill Settles With Massachusetts on Auction Debt Thursday, 21 Aug 2008 | 1:27 PM ET

    Merrill Lynch reached a settlement with Massachusetts over auction-rate securities, the latest in a string a accords between regulators and Wall Street firms over the $330 billion market that collapsed in February

  • Cuomo Threatens to Sue Merrill Over Auction-Rate Debt Thursday, 21 Aug 2008 | 9:52 AM ET

    Merrill Lynch has until Friday to settle an auction-rate securities case with New York Attorney General Andrew Cuomo's office or it will face a lawsuit, Cuomo warned during a CNBC interview.

  • Fed Quietly Investigated Lehman Rumor: WSJ Thursday, 21 Aug 2008 | 3:57 AM ET

    The Federal Reserve called Credit Suisse last month to check a rumor that the bank was preparing to pull a line of credit for Lehman Brothers, the Wall Street Journal reported on its web site on Thursday.

  • SEC to Propose New Rule on Short Sales of Stocks Tuesday, 19 Aug 2008 | 4:04 PM ET

    The top U.S. securities regulator plans to propose a new short selling rule in the next few weeks which would be broader than an emergency order covering just 19 financial stocks which ended last week

  • Icahn Buys More Motorola; Soros Ups Lehman Stake Thursday, 14 Aug 2008 | 5:17 PM ET
    Carl Icahn

    Billionaire investor Carl Icahn reported that he had increased his stake in Motorola to 144.1 million shares from 115.6 million shares the prior quarter. Meanwhile, George Soros raised his stake in Wall Street firm Lehman Brothers to 9.5 million shares.

  • Four Signs of a Bullish Market Wednesday, 13 Aug 2008 | 11:09 PM ET

    A down day in Wednesday's market doesn't tell the whole story, Cramer says.

  • Why Does the SEC Hate the Banks? Wednesday, 13 Aug 2008 | 3:13 PM ET

    Lack of enforcement of key short-selling rules is going to bring back the pain we worked so hard to escape.

  • Debate Rages On as Short-Sale Rule Nears End Sunday, 10 Aug 2008 | 2:21 PM ET

    Short trading in 19 major U.S. financial stocks will revert to rules governing other shares Wednesday as a Securities and Exchange Commission experiment against abusive short selling expires.

  • UBS to Buy Back Stricken Debt Securities Friday, 8 Aug 2008 | 3:44 PM ET
    UBS

    Swiss bank UBS has agreed to buy back $19.4 billion of debt securities whose value collapsed during the global financial crisis and to pay $150 million in fines to settle charges it misled investors, Massachusetts' top securities regulator said.

  • Breaking Story: Merrill Lynch Buyback II Friday, 8 Aug 2008 | 12:06 AM ET

    Melissa Lee has more on the unfolding Merrill Lynch story, with details on its offer to buy back $12B auction rate securities from over 30,000 of its clients, and the ramifications on other Wall Street firms.

  • Breaking Story: Merrill Lynch Buyback Thursday, 7 Aug 2008 | 10:43 PM ET

    Melissa Lee reports a breaking story linked to Citi's settlement and buyback of auction rate securities during tonight's "Fast Money." In an after-hours announcement, another Wall Street giant, Merrill Lynch, stated it too would buy back auction rate securities from its retail clients, who currently hold $12B of those questionable securities.

  • "[The] stock market: a loser across the board. It was a loser early, it stayed a loser and became a bigger loser as the day went on," Dylan summed up Thursday's trading with that one statement, as AIG and Wal-mart lead the Dow's one-day, 225-point dive. A few lone tech stocks were the only winners in an otherwise distressed market. Adding to the bearish environment was the morning's new jobless claim numbers, the highest reported in several months.

  • Securities Flap Has Wall Street Returning Billions Thursday, 7 Aug 2008 | 7:39 PM ET

    Citigroup will buy back more than $7 billion in auction-rate securities and pay $100 million in fines as part of settlements with federal and state regulators, who said the bank marketed the investments as safe despite liquidity risks.

  • A multi-state task force is probing a total of 12 Wall Street firms, including Citigroup, over how they handled clients' investments in auction rate paper, the Texas state securities commissioner said on Thursday.

  • Today's Top Videos: Olympics, Citigroup & More... Thursday, 7 Aug 2008 | 6:01 PM ET

    AIG reports weak earnings and further write-downs, while GE says the Beijing Olympics will help boost the company's brand image. Following are today's top videos:

  • BofA Hit with Subpoenas over Auction-Rate Securities Thursday, 7 Aug 2008 | 5:54 PM ET
    Bank of America branch, New York City.

    Bank of America, the largest U.S. retail bank, said on Thursday it received subpoenas and requests for information relating to auction-rate securities from federal and state government agencies.

  • SEC Continues Short-Selling Curb Through Aug. 12 Wednesday, 30 Jul 2008 | 3:21 AM ET

    U.S. securities regulators have extended through Aug. 12 an emergency rule aimed at curbing abusive short selling in the stocks of 19 major financial firms, including mortgage giants Freddie Mac and Fannie Mae.

  • Tuesday’s D-Day for SEC – and Banks Monday, 28 Jul 2008 | 7:23 PM ET

    If the Commission chooses to no longer enforce its naked short selling rule, the financials could be in some real trouble.