The looming penalty comes as US agencies' far-reaching forex probe also pursues fresh claims against Deutsche Bank, the FT reports.» Read More
The Qatar Investment Authority, a sovereign wealth fund, has expressed interest in buying part of the U.S. Treasury's stake in Citigroup, potentially boosting efforts to sell the shares amid the global rout in banking stocks, the FT reports citing people familiar with the matter .
Before his arrest on corruption charges, Wang Yi was not only a powerful financial official in the Communist party but also one of China’s most celebrated modern classical music composers. But since his detention and arrest last year, Mr Wang’s magnum opus – a symphony called Ode to China – has been dropped as a repertoire staple of the China National Symphony Orchestra and his compositions derided by formerly adoring media commentators and critics.
Stocks staged one of the most dramatic selloffs in market history Thursday as what may have been a trader error exacerbated losses in a market already jittery about the European debt crisis. The Dow ended down about 350 points and the VIX was above 34.
The lawyers, accountants and restructuring experts overseeing the remains of Lehman Brothers have already racked up more than $730 million in fees and expenses, with no end in sight.
You’ve heard the expression sell in May and go away, well this year maybe we should change it to sell on April 30th and go away.
The euro stabilized after traders digested more information about the Greece bailout. Has the issue of contagion been put to rest? Or is there more downside?
The combination of low short-term interest rates and continued economic growth is a great reason to be bullish on the US markets, a top analyst told CNBC Tuesday.
Since the first widely accepted plastic charge card was issued in 1958 by American Express, the use of credit cards has skyrocketed. Check out the world's top 10 credit card issuers.
California has asked large banks that underwrite the state’s bond sales to detail their trading in credit default swaps on its debt, raising fresh questions about whether derivatives play a disruptive role in financial markets.
The S&P 500 has barely budged since hitting a 17-month high last week as volume continues to be light. Where is everybody?
Barclays Capital, the investment banking unit of Barclays Group, is considering a partnership structure a la Goldman Sachs and Lazard before the latter two went public, according to the Financial Times.
Barclays Capital, the fast growing investment banking arm of the UK’s Barclays group, is looking to recreate the partnership models of Goldman Sachs and Lazard before they became listed companies, the Financial Times reported.
If you're looking for a trading idea, you might want to check out regional banks or the retailers. Find out why!
Our traders are hearing that cash rich companies are ready to spend. Don't agree? Just take a look at some of the action that’s come down over the past few days!
The government's trash appears to be investors' treasure with AIG as well as Citigroup leading the markets higher. Is the trade fundamental or froth?
What must you know to trade this market? According to the Fast Money traders it's that deal making will be a big driver going forward.
Buzz on the Street suggests the gov't is going to off-load some of its stake in Citi after the lock-up expires. If the gov't is selling, should you be buying?
The Greek government's second bond auction of the year will be one of the key drivers of global markets over the coming days. While no date is yet set, Athens must raise significant funds via bond sales or face the prospect of default.
After years of profiting from debt-ridden credit-card holders, banks, faced with tight new regulations, are aggressively targeting wealthier card holders, to try to get them to pay more —and generate more revenue.
Stocks rallied Tuesday after a better-than-expected manufacturing report and some decent earnings reports. Merck and Chevron led the Dow. Kraft was the biggest drag.