The Financial Stability Board said work should also start on Libor alternatives, such as so-called "nearly risk-free reference rates."» Read More
Stocks snapped their winning streak Monday after American Express reported that credit-card deliquencies rose in February. Techs were particularly weak amid worries about tech spending.
Stocks advanced Monday as banks continued their winning streak and Federal Reserve Chairman Ben Bernanke's weekend remarks that the recession could end this year fueled some optimism. But weakness in big-name techs dragged on the Nasdaq.
Stocks opened higher Monday as banks continued their winning streak and Federal Reserve Chairman Ben Bernanke's weekend remarks that he expects the economy to start recovering next year spurred optimism.
Bernanke is scoring big points on Wall Street for his 60 Minutes interview last night - his belief that the recession may end this year, but more importantly he laid out why stabilizing the financial sector is critical and why the government needs to continue to maintain a VERY aggressive approach to the crisis.
Stock index futures indicated a higher open for Wall Street, with investors optimistic after Federal Reserve Chairman Ben Bernanke said he expected the economy to start recovering next year.
AIG, the insurance giant that received taxpayer-funded bailouts worth $173 billion and sparked a political storm with its plans to pay $165 million in bonuses, revealed the list of its counterparties.
Barclays shares jumped Tuesday as Credit Suisse upgraded the stock to "outperform" from "neutral", saying there are chances the bank will use the government's asset protection scheme.
A long-running lawsuit brought by Enron investors against three financial firms over their dealings with the collapsed energy trader has been dismissed by a federal judge in Houston.
JP Morgan has put Bear Wagner Specialists up for sale, CNBC has learned. Barclays is the potential bidder according to the Wall Street Journal.
Bank of England governor Mervyn King warned Thursday that Britain's troubled banks may need to tap the government for more money to shore up their battered finances and downplayed fears that measures to boost the money supply will stoke inflationary problems in the future.
Negotiation remains at the very temporal core of the global financial markets and Sir Fred executed his perfect right to haggle for as much cash as he could from his paymasters when he took the helm of Royal Bank of Scotland in 2000.
CNBC’s Million Dollar Portfolio Challenge once again saw contestants trading on earnings news and currencies as well as taking some risks, but our latest contest had a new twist - ETFs. CNBC asked the three winners of the challenge about their strategies, top trades and anything else that helped them profit in a down market.
Cramer makes the call on viewers' favorite stocks.
The pace of corporate layoffs picked up sharply in January 2009, reflecting the worsening US recession.
Following are the day’s biggest winners and losers. Find out why shares of Apple and Whirlpool popped while NYSE Euronext and Rio Tinto dropped.
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.
US stocks opened lower Monday as the much-anticipated bank rescue plan was delayed for another day.
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.
More companies announced layoffs this week as the employment picture continued to dim. News Corp. became the latest victim of the weakening economy, announcing it is planning on cutting jobs after reporting a quarterly loss on Thursday.
More companies announced layoffs this week as the employment picture continued to dim. GlaxoSmithKline and Tiffany & Co. on Thursday became the latest victims of the weakening economy, each cutting an undisclosed number of jobs.