Stocks fluctuated in thin trading Thursday as investors showed skepticism over Greece's ability to resolve their growing debt crisis and ahead of the quadruple witching at the end of the week.
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Stocks traded higher Thursday after a handful of mixed economic news and as investors snapped up beaten-down stocks following a selloff in the previous session over Greece's growing debt worries.
Stocks have given up all of Tuesday's gains midday on more concerns over the Greek debt crisis. While protests over government cutbacks continued in Athens, stocks dropped further as European markets closed and as the Euro weakened.
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Stocks remained higher in the final hour of trading Tuesday amid light volume, ahead of Fed chairman Ben Bernanke's speech on the economic outlook.
Stocks gained Tuesday amid a low-volume session, led by gains in energy, as the dollar declined to a one-month low.
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Looks like Goldman's golden boy Jan Sramek, the youngest candidate ever listed on Financial News' 100 Rising Stars and Goldman's former emerging markets FX trader, has quit and will be starting his own company.
The European Union’s antitrust investigations into derivatives will very likely demonstrate how banks use regulations to stifle competition.
The specter of Lehman Brothers continues to haunt policymakers. Nowhere is its presence more apparent than the euro zone, where twin banking and sovereign debt crises are raging, reports the FT.
The bank could face a shareholder revolt over executive pay later Wednesday; it was warned it will be under scrutiny "for the foreseeable future".
Britain’s banks will argue that they are subject to some of the world’s toughest rules on bonuses and that tougher transparency rules could undermine the UK’s competitiveness. The FT reports.
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.
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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.