California has asked large banks that underwrite the state’s bond sales to detail their trading in credit default swaps on its debt, raising fresh questions about whether derivatives play a disruptive role in financial markets.
The S&P 500 has barely budged since hitting a 17-month high last week as volume continues to be light. Where is everybody?
Barclays Capital, the investment banking unit of Barclays Group, is considering a partnership structure a la Goldman Sachs and Lazard before the latter two went public, according to the Financial Times.
Barclays Capital, the fast growing investment banking arm of the UK’s Barclays group, is looking to recreate the partnership models of Goldman Sachs and Lazard before they became listed companies, the Financial Times reported.
If you're looking for a trading idea, you might want to check out regional banks or the retailers. Find out why!
Our traders are hearing that cash rich companies are ready to spend. Don't agree? Just take a look at some of the action that’s come down over the past few days!
The government's trash appears to be investors' treasure with AIG as well as Citigroup leading the markets higher. Is the trade fundamental or froth?
What must you know to trade this market? According to the Fast Money traders it's that deal making will be a big driver going forward.
Buzz on the Street suggests the gov't is going to off-load some of its stake in Citi after the lock-up expires. If the gov't is selling, should you be buying?
The Greek government's second bond auction of the year will be one of the key drivers of global markets over the coming days. While no date is yet set, Athens must raise significant funds via bond sales or face the prospect of default.
After years of profiting from debt-ridden credit-card holders, banks, faced with tight new regulations, are aggressively targeting wealthier card holders, to try to get them to pay more —and generate more revenue.
Stocks rallied Tuesday after a better-than-expected manufacturing report and some decent earnings reports. Merck and Chevron led the Dow. Kraft was the biggest drag.
With the euro appearing to stabilize on Tuesday, should you bet conditions in Europe are starting to even out. Or is this the calm before the storm?
Stocks rallied Tuesday after a manufacturing report blew past expectations and some decent earnings reports. Merck and Chevron led the Dow. Kraft was the biggest drag.
While the Greek stock market is down 2.4 percent this morning, most of the rest of Europe is up fractionally. China, Hong Kong, Taiwan and Malaysia markets are closed due to the Chinese New Year, while Brazil is in the middle of Carnival. Barclays rose 11 percent pre-open, as it reported profits nearly double that of 2008. And Simon Property Group made a $10 billion offer to buy all of General Growth Properties.
Investors return from the three-day holiday Tuesday and stock index futures pointed to a strong start for the broader markets.
Is the rally just recharging or are we about to lose our shirts again?
Friday's late day reversal seems to have calmed overseas markets; European indices are plus or minus one percent for the most part, though Greek bonds are again weak. There are 3 percent to 4 percent declines in European banks. These banks have recently been dragged down by concerns of exposure to worrisome bonds issued by Greece, Spain, and Portugal.
S&P 500 futures lost about 4 points on the disappointing weekly initial jobless claims number. Sovereign debt issues, which popped up again yesterday, are back down in a big way today: Portugal down 3.2 percent, Spain down 2.6 percent, Greece down 1.7 percent. European banks are weak.
In the aftermath of the financial crisis, how are the brand values of the world’s major banks holding up? The latest report from independent consulting firm Brand Finance sounds an optimistic note — especially for HSBC, which has retained the top spot for the third year in a row. David Haigh, CEO of Brand Finance, shared his findings with CNBC.