The pace of corporate layoffs picked up sharply in January 2009, reflecting the worsening US recession.
A new report from online foreclosure sale site, RealtyTrac, shows a 10 percent decrease in foreclosures from the previous month. Foreclosures are still up 18 percent from January of 2008. Good news, no? No.
Exams for 18 or so of the biggest banks set to begin soon could lead to dramtic re-regulation of American finance.
I keep looking for signs of economic light at the end of the tunnel, and yet this credit card crisis scares me too much to get hopeful yet, says Patricia Chadwick, founder & president of Ravengate Partners.
For nearly 700 lucky Merrill Lynch employees, 2008 was a million-dollar year, even though the brokerage firm lost $27 billion.
Did you watch the the hearings held on Wednesday? Isn’t Congress stupid?
The Dow closed higher as Wall Street bank executives squirmed before Congress over how they used $176 billion in bailout money.
Plus, the Mad Money host reacts to bank CEOs' congressional testimony.
Stocks closed slightly higher as Wall Street welcomed news that House-Senate negotiators had reached agreement on an economic stimulus bill.
The Treasury Department will soon release documents providing information about the lending activities of the biggest 20 financial firms receiving government aid under the controversial program.
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.