The FDIC sued 16 of the world's largest banks on Friday, accusing them of collusively suppressing interest rates, Reuters reported.» Read More
Banking stocks looked set to continue their sharp jump higher at the open Thursday as investors wait for the official results of the government’s stress test.
In this Web Extra, find out why shares of Dendreon and Barclays popped while Amazon and Massey Energy dropped.
The existing US banks have survived tough economic conditions over the past half year, which can be assimilated to a real-life stress test, Bob Parker, vice-chairman at Credit Suisse Asset Management, told CNBC.
Futures pointed to a higher open on Wall Street Thursday but pared gains after a report showed jobless claims rose last week.
Any hope of a high-speed bankruptcy by General Motors faces a serious obstacle: a judge — not the Obama administration, not G.M. management and not the company’s creditors — would reign in court.
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Investor sentiment is improving for the beaten-down financial sector and there are four “glorious” banking stocks that could provide good opportunities, Petra von Kerssenbrock, an analyst from Cummerbund, told CNBC.
Steve Forbes thinks the Wells Fargo profit statement is a strong sign of better things to come. The president and CEO of Forbes, Inc. offered CNBC his insights into financials, the economy — and how to make Tim Geithner cry.
The rally in European stock markets is probably halfway through and it is not likely to last past April into May, Robin Griffiths from Cazenove Capital told CNBC.
Barclays is in exclusive talks to sell its iShares asset management unit to CVC Capital, Barclays president confirmed to CNBC.
The S&P 500 closed higher Tuesday, with stocks recording their best month since 2002.
Stocks closed out a tough quarter on a positive note, helped by gains in technology and big banks.
Tuesday: Consumer confidence squeaked above its record low. Ford announced an incentive program -- covering payments if a buyer is laid off -- similar to Hyundai's. GM's new CEO Fritz henderson said bankruptcy is possible within 60 days. J.P. Morgan said global banks will write down $17 billion more. CNBC heard from experts who said retail looks less scary, housing is finally coming back — but warned that inflation could be "kryptonite" for bonds.
US stock index futures pointed to a higher open Tuesday, following a sharp decline in the previous session as investors digested the Obama administration’s tough stance on General Motors and Chrysler.
April 2nd could be remembered as a pivotal day in the financial crisis. That’s when regulators could decide whether to relax mark-to-market accounting rules.
Following are the week’s biggest winners and losers. Find out why shares of Caterpillar and Hewlett-Packard popped while Dynegy and Accenture dropped.
Following are the day’s biggest winners and losers. Find out why shares of Raytheon and Red Hart popped while Wells Fargo and Yahoo! dropped.
Stocks rallied for a second straight day on Thursday on increasing optimism that the economy's worst days are over.
The desire of many banks to give back TARP money—and the lack of a process to do so—is again a topic of converstation on trading desks this morning.
Following are the day’s biggest winners and losers. Find out why shares of JPMorgan and CME Group popped while H&R Block and Harris Corp dropped.