Bank of America has agreed to pay $16.6 million to resolve allegations that it processed drug trafficker monies subject to sanctions.» Read More
Anxiety about the cost of raising money triggered some serious selling that ended with blood running down the Street...
The Dow fell more than 2 percent Wednesday, followed by similar declines in the S&P and Nasdaq. Here are the day's top five videos.
Stocks ended a tumultuous session with a late selloff that left all three major indexes in bear-market territory. Financials fell sharply amid worries about more shoes to drop and techs took a hit after Cisco's chief said customers don't see a recovery until next year.
Stop Trading begins with a discussion of deterioration in the market at the end of the trading day, and directs much of the blame to banks. There are a few lights at the end of the tunnel.
The Bank of America CEO came to the heart of foreclosure country, to the hometown of Countrywide, to address the mortgage mess. Lewis says BofA wants to help struggling homeowners stay in there homes, but admits he can't help everyone.
Bank of America Chief Executive Kenneth Lewis said Wednesday it may feel to some people for the next year as if the U.S. economy is in recession.
Jim's been beating the drum on this for longer than anyone, and he's been right. So why won't the Feds listen?
I'll be at the Town Hall Los Angeles meeting today where Bank of America CEO Ken Lewis will be speaking on "Mending Our Mortgage Markets." However, it sounds like between the Fed, Congress, and the Great State of California, the mending is being done without BofA.
In a somewhat solemn moment, Cramer brings up a problem lurking in the market: stocks dropping without a sound. There's plenty of noise about certain companies because someone said this or that, but what of the ones that sink quietly? Lately, there are more of these companies going quietly into the night: banks, brokers, homebuilders -- the trifecta (or "Achilles' heel" per Cramer's label) of the down market. These companies are failing not because of things said, but because of things not said -- none of the right people are saying the right things.
The Dow rose Tuesday in another turbulent session after a pullback in oil prices eased worries about consumer and business spending. What's the "Word on the Street?"
IndyMac Bancorp on Tuesday said depositors were withdrawing cash at an "elevated" pace after a prominent U.S. senator recently questioned the big mortgage lender's ability to survive the U.S. housing crisis.
IndyMac Bancorp shares fell by more than 40 percent on Tuesday, a day after the large California mortgage specialist said it doesn't have enough capital and will stop offering most home loans, and an analyst said shareholders may be wiped out.
David Lutz, managing director at Stifel Nicolaus, offered CNBC advice for investing in financials. See his stock pans and picks!
So where should an investor's dollar go: large-cap stocks, mid-caps, or small-caps? Try all three!
The Dow closed higher Tuesday after GM surprised Wall Street with stronger-than-expected June sales and financial shares reversed earlier losses. What's the "Word on the Street?"
As Countrywide becomes Bank of America, the state of Florida isn't going to let an ownership change stop if from going after damages for what it claims were Countrywide's deceptive lending practices.
Nearly 1.4 billion shares and $18 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Check out the bets being made today...
JPMorgan Chase reigned supreme across global debt and equity underwriting for the last quarter.
Florida sued mortgage lender Countrywide Financial Monday for predatory lending practices, alleging the company at the center of the U.S. mortgage crisis made subprime loans to people who could not repay them.
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