Wall Street bank executives found themselves eating a little humble pie on Wednesday, after being called before Congress.
Bank CEOs who received federal bailout money will be grilled on Capitol Hill today about how they put their TARP money to use, and Barney Frank, chairman of the House Financial Services Committee, will be running the show. He told CNBC the past mistakes of the financial services industry must be avoided.
Stock index futures indicated just a small rise at the open following Tuesday's sharp selloff, as investors continued to sift through the details of the governments new bank bailout plan.
Considering the steep drop in financials Tuesday, should you buy bank stocks on the dip?
As the markets listened in on Treasury Secretary Geithner's plan to restore financial stability, one thing became increasingly clear. This time around, the Treasury was committed to "increase transparency and accountability to protect taxpayers." If their website is an indication, so far "transparency" is far from here.
Treasury Secretary Geithner unveiled a revamped financial rescue plan to clean up to $500 billion in bad assets and support $1 trillion in new lending
The Treasury's latest financial-rescue plan is expected to use a variety of methods to take bad assets off of banks' books, including encouraging private firms to buy up the toxic debt, sources told CNBC.
The financial-rescue plan is now expected to include a new form of "bad bank" that would take bad assets off of banks' books. Earlier, CNBC.com reported that the "bad bank" concept had been dropped, but sources said a new version of that plan has emerged instead
The Obama Administration's new bank bailout plan is expected to include a new form of "bad bank" that would essentially combine public and private resources to take bad assets from banks' books.
The Treasury secretary should be careful. This analyst could easily undo his big announcement Tuesday.
The Dow finished modestly lower Monday as anxious traders await news of the government's bank rescue plan.
Stocks ended mixed Monday as the much-anticipated bank-rescue plan was delayed for another day. Banks jumped amid hopes the bailout will save the stocks.
Cramer talks TARP, bad banks and rescue plans. Plus, new stock calls.
US stocks opened lower Monday as the much-anticipated bank rescue plan was delayed for another day.
Even now, with the recession deepening and markets on edge, Wall Street analysts say it is a good time to buy. Do analysts ever tell their clients to sell? The New York Times asks.
As Wall Street speculates about whether former investment banks will give back TARP money, Goldman Sachs rose in overnight trading after seeing heavy stock and options volume during Friday regular session.
US stocks looked set to hand back some of last week’s gains at the open Monday as the much-anticipated bank rescue plan was delayed for another day.
Hailed as the path forward for a Wall Street in disarray, the merger offered Merrill a chance to rebound from billions of dollars in mortgage-related mistakes, but it soured at lightning speed.
A wide range of measures to ease the credit crunch will be announced Tuesday and they may now include financial aid to several insurance companies, according to a source.
Cramer has a few ideas on how to rectify the president’s less-than-stellar first few weeks in office.