The two banks are expected to pay a combined total of $154.3 million to settle federal and state charges.» Read More
Wondering how the market could possibly be trading higher in the face of an incredibly dire warning from Caterpillar and another round of monster job cuts?
Stocks rallied, led by banks, after a wobbly open Monday. The market also got a boost from a blockbuster pharma deal, which helped overshadow a gloomy outlook from Caterpillar and other earnings worries.
Stocks got a boost from a better-than-expected report on the housing market, which overshadowed Caterpillar's gloomy outlook and other earnings worries.
Another round of layoffs was announced by big-name companies Monday, adding to the gloom over rising unemployment.
Stock index futures pointed to a dip at the opening, despite a mega-deal brewing in the pharmaceutical sector.
With rumors swirling over a nationalization of Citigroup and serious questions being raised about the Geithner nomination, the US is in for a tough weekend, says Andrew Busch.
Following are the day’s biggest winners and losers. Find out why shares of Southwest Airlines and Potash popped while eBay and Sony dropped.
Voices in favor of nationalizing major UK banks to save them from a mauling in the markets strengthened, sending banks' share prices into a roller coaster of hope and dismay.
Here's the dirty little secret: bank nationalization in the UK has already happened. The vast majority – but not all – of the UK banks simply would not be solvent but for myriad government support.
Cramer makes the call on viewers' favorite stocks.
More companies announced layoffs as the employment picture continued to dim.
Following are the day’s biggest winners and losers. Find out why shares of Newmont Mining and Altria popped while The New York Times and Palm dropped.
Even on Inauguration Day, companies continued to announce layoffs, reinforcing the challenges facing Barack Obama.
The selloff in Bank of America and Citigroup may just be the beginning. Analysts now are predicting that the same problems hitting those two big banks will soon spread to the entire industry.
Stocks ended a dismal week on an up note as investors took some defensive positions in stocks like McDonald's amid nagging worries about the health of banks.
For the week: Dow down 3.7 percent, S&P 500 down 4.5 percent, NASDAQ down 2.7 percent. The good news was that, on an options expiration day, most major sectors were to the upside.
Corporate layoffs have soared since New Year's. On Friday alone, GE, Pfizer, AMD, Wellpoint and Hertz announced big cuts.
I've been asked repeatedly what is going on in U.K. banks, with double digit declines in Royal Bank of Scotland spacer , Barclays spacer , and single digit declines in Lloyds. The answer is, shareholders in those companies have the same fears that shareholders of large banks here do.
Stocks were back up in a yo-yo session as investors took some defensive positions in stocks like McDonald's amid nagging worries about the health of banks.
Futures rallied on the back of the Bank of America bailout Friday, with investors hoping the government will do all in its power to save big institutions from collapsing.