Barclays PLC
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British regulators fined JPMorgan Chase $4.7 million on Thursday for failings in its wealth management division.
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Even professional stock pickers are miserable. At an informal gathering of about a dozen hedge fund traders and analysts last night, trader after trader expressed frustration with the fact that the correlation between stocks has been near all-time highs—for months. This means that stock picking has been useless.
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Day after day, stocks swing sharply by hundreds of points. All of this anxiety has caused experts to ask whether there are new forces at work in the stock market that make trading permanently more erratic, the New York Times reports.
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Britain’s banks will face an annual bill of as much as £6 billion ($9.5 billion) to comply with the reforms of the Vickers Commission, according to the panel’s final report, published on Monday. The FT reports.
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Stocks closed firmly in the red Friday amid fears that Greece may default on its debt and following news that ECB's Juergen Stark will resign.
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The pros suggest pressing a short position in the euro. Trader Steve Cortes spotted a signal that convinces him the ECB will have to take back the rate hike.
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A year after Congress passed the broadest financial overhaul since the Great Depression, the law has spawned a host of new businesses to help Wall Street comply — and capitalize — on the hundreds of new regulations, the New York Times reports.
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Stocks climbed well off their worst levels Tuesday, but still lower for the third-straight day amid fears about the ongoing euro zone debt crisis and concerns over another recession.
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Straight from the mines, rough gold goes through a highly complex process, and often travels around the world before it ever makes it to the consumer.
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Talk about low expectations: S&P futures rose a bit on the ADP report, even though it was slightly below expectations. We are now back in the twilight zone game called Gaming the Fed: More weak data increases the chances of a third round of quantitative easing.
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The SPDR Gold Trust, with over $60 billion in assets, is far and away the largest gold fund.
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Golf pro, Phil Mickelson shares his plans to get the economy back on the right track.
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Barclays is comfortable with its exposure to Europe and now has more cash on its balance sheet than before the 2008 financial crisis, CEO Robert Diamond told CNBC Wednesday.
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It is not wise to introduce a financial tax in Europe now, says Robert Diamond, Barclays PLC CEO. A look at Europe's debt struggle and it's impact on the financial industry.
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Two big deals last week — Google’s takeover bid for Motorola Mobility and Hewlett-Packard’s purchase of Autonomy — underscored the growing influence of boutique investment banks. The New York Times reports.
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I think there's a lot of misunderstanding in the markets about how Fed chairman Ben Bernanke views Fed strategy.
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Stocks accelerated their selloff to finish near session lows in light, choppy trading Friday as investors were reluctant to remain in the market ahead of a weekend, amid worries over a global recession in addition to the ongoing euro zone jitters.
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The week's top business news and investment advice, including how to trade Europe, US financials, HP's sharp drop and the run-up in gold.
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Stocks closed off their worst levels Thursday, but were still down sharply, following a handful of disappointing economic news and over continuing worries over the stability of euro zone banks.
