The Federal Reserve lent a total of $8.95 trillion to primary dealers in exchange for a wide range of collateral under its Primary Dealer Credit Facility.
Although the Dollar is having its best month since May, U.S. equity markets remain fairly mixed in November as the month draws to a close today. However, this has not been the case for most major European indices.
Peter Boockvar at Miller Tabak had the most succinct comment: "If this is the reward for bailing out entire countries, why bother?...What the market is telling the European Union loud and clear is that they have no faith..."
Worries about Europe triggered a few key technical moves; the euro broke the 200-day and the S&P broke its 50-day. Is the market about to crack?
Most major European indices are down 1 percent to 2 percent, as more sovereign debt contagion worries spread. Europe’s FT Deutschland newspaper reported that euro zone countries are seeking to push Portugal to accept a bailout package to prevent its bigger neighbor Spain from doing the same. Portugal has denied the report.
Several issues around euro zone bailouts, traders tell me: Ireland, Portugal and Greece. Is this the end or are we watching for other like Spain to follow suit? What about other 'peripheries' we haven't really been discussing, like Hungary, Czech, etc. And there's more...
Barclays Capital has been quietly laying off employees since this summer. Now, however, the firm is swarming with rumors that big layoffs could be coming in the next few weeks.
Investors ran for the exits on Tuesday pushing the S&P sharply lower as overseas developments threatened to derail the very foundation of recent market strength.
Stocks continued to stall after last week's broad market rally and closed lower across-the-board Tuesday as the dollar rose. Bank of America and Kraft fell, while Exxon rose. .
Stocks extended losses as the closing bell neared, pulling back from last week's rally to two-year highs, as the dollar rose. BofA fell, while Exxon rose.
Stocks fluctuated Tuesday despite largely upbeat earnings releases, and news of corporate acquisitions, as the dollar rose slightly. Chevron and Kraft fell, while Exxon rose.
Stock index futures pointed to a higher open for Wall Street on Tuesday, tracking gains in Europe where upbeat company statements lifted shares.
The most telling sign that mergers are poised for a revival? Risk arbitrage has come back from the dead. Hedge funds are now pouring money into the strategy of betting on the outcomes of deals, the New York Times reports.
A memo sent out to vice-presidents and higher-level employees at Barclays Capital provides a rare glimpse into how Wall Street flexes its political muscles around election times.
The government let Lehman Brothers fail during the financial crisis because there was no other choice, former Treasury Secretary Henry Paulson said Wednesday.
Although many top analysts manage to hold onto their #1 spot each year, 2010 has 12 analysts claiming top honors in their sector.
So, which top analysts have year after year withstood the test of time and are among the most successful on the street? Click to find out!
With polls suggesting Republicans are set to re-take the House, it looks like the Democrats have a glass jaw to go along with that tin ear. And while scattered tea party victories gave the Republican establishment the thrashing it so richly deserved, the bad news is that none of it matters to our financial prospects.
Barclays announced to employees that it is killing one of the last vestages of Lehman Brothers.
So, which firms are most heavily represented in Institutional Investor’s rankings this year? Click to find out!