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News that Blackboard has hired Barclays Capital to evaluate “strategic alternatives” after receiving an unsolicited proposal caused its stock to rise by more than 30 percent to all-time highs.
Gold prices have surpassed $1500 an ounce, a key psychological barrier for many market participants, and could be on the way to a new milestone five percent or more higher this year.
European Union "passporting" rules allow banks from across the EU to operate in each other’s markets as "branches," subject to regulations in their home country rather than full-blown subsidiaries that would have to play by UK rules. The FT reports.
Congress and the president stayed up late on Friday, but struck a last-hour deal to avert a shutdown of the federal government. On that news, traders will be eyeing various infrastructure and defense stocks which could move a little during today’s trade.
Britain's top banks are set to need more capital and ring-fence retail banking to shield taxpayers from another crisis in the most radical industry shake-up for decades, which may prompt some banks to leave.
Budget deal accepted, NYSE bid rejected and British banks relocated? Here's what we're watching…
Bob Diamond has decided Barclays must increase its risk appetite amid internal expectations at the bank that a key measure of its profitability will fall or stay stagnant this year, the FT reports.
Sir John Vickers’ Independent Commission on Banking is to recommend the creation of separately capitalized UK retail banking operations, ringfenced within big bank holding companies, according to three people familiar with the process.
Banks are yet shrugging off a fear of commitment.
Like more than 90 percent of the population, I won't be changing my bank however rude they are to me on a Saturday morning. The work it would entail for the pay-off is too small. Bob Diamond, Stuart Gulliver and Peter Sands, on the other hand, may find they can get more out of changing countries.
Barclays is considering moving its global headquarters from London to New York.
Credit Suisse boss Brady Dougan took $14 million in pay in 2010, despite the bank's shares losing a quarter of their value, while rival UBS CEO Oswald Gruebel waived his bonus after a much smaller share price fall.
AIG has offered the Fed a profitable way to shed one of the thorniest crisis-era holdings on its balance sheet, but the central bank has remained silent and seemingly without a strategy.
AIG is still waiting to hear if the Federal Reserve will accept the insurance firm's bid to buy back assets it once owned, company CEO Robert Benmosche told CNBC Wednesday.
Barclays is among a group of investors weighing a rival bid for a portfolio of mortgage-backed securities that has already drawn a $15.7 billion offer from AIG, people familiar with the matter said.
European regulators should stop banker-bashing and allow banks to do their job or risk losing ground to competition from the US, Middle East and Asia in the financial sector, Howard Wheeldon, senior strategist at BGC Partners, told CNBC.com.
Regulators probing alleged manipulation of a key interbank lending rate have focused their demands for information and interviews on five global banks, according to people familiar with the investigation, the Financial Times reports.
Royal Bank of Scotland has awarded chief executive Stephen Hester £4.45 million of shares in a new long-term incentive package, bringing his total pay for 2010 at the state-backed bank to a maximum of £7.75 million.
Traders point to the fact that there is no sign that Europe’s credit markets are beginning to seize up as they did last spring, with banks worrying about each other’s counter-party risk. That’s evident from the fact that there is no spike in LIBOR, the interest rate at which banks borrow unsecured cash from each other on London's wholesale market.
You want another sign that we're in a new financial bubble? Here you go: drunk traders bragging about bonuses and buying ridiculous toys.