Not so long ago known as the untouchable Bond King of the investment world, the Pimco founder now finds himself the subject of intense scrutiny.» Read More
Rumors of an impending profit-warning and further writedowns sparked a selloff of Merrill Lynch shares and other financial stocks Friday.
Investment banking's so-called "trillion-dollar man" says he's undecided about whether brokerage stocks are bargains, despite their current low prices.
Merrill Lynch is growing more likely to raise additional capital, and will likely post a modest loss in the second quarter, according to an analyst at Lehman Brothers.
Lehman Brothers Holdings CEO Richard Fuld is actively listening to offers, including a possible bid by private-equity firm Blackstone for a 20% to 30% stake, CNBC has learned.
Stocks dropped sharply Wednesday as oil prices recovered from previous losses.
Merrill Lynch CEO John Thain said on Wednesday that if it raised more capital, it would consider selling its stakes in news and financial data company Bloomberg and money manager BlackRock.
Ben Steverman cautions investors not to paint financial stocks with a broad brush. He urges investment hunters to look at these "non-toxic" financial stocks.
Stocks struggled to hold gains Tuesday as bank stocks rallied but comments from Bernanke hung over the market like a cloud. Oil dropped more than $3 to settle at $131.31 a barrel.
Stocks ticked higher Tuesday as the rally started in bank stocks and then filtered into the broader market.
Blue chips tried to muster an advance Tuesday, encouraged by a rally in bank stocks, but comments from Bernanke hung over the market like a cloud.
Stocks opoened lower Tuesday after Federal Reserve Chairman Ben Bernanke said late Monday high energy prices risk increasing inflation.
The worst of the credit crunch is over, but the Federal Reserve is likely to keep interest rates on hold for a long time despite a surge in oil prices, as the U.S. economy still has to prove it is stabilizing, money manager Bob Doll said on Tuesday.
Stocks opened higher as Wall Street sought to regain its footing following Friday's dramatic oil-inspired selloff.
Fund manager BlackRock expects the global credit crisis to last another two to four years as a weakening U.S. economy triggers more write-down by banks, its chief investment officer for equities said on Monday.
What are the options trades in Lehman Bros. stock saying about the brokerage's future?
Lehman has slashed its risky debt holdings by as much as 25% and raised $8 billion in capital this year to shore up its balance sheet, according to an internal memo obtained by CNBC
Lehman shares rebounded sharply on news that a big bond fund manager is buying the firm's debt and some positive comments from other Wall Street firms.
Top officials at BlackRock say the big investment management firm continues explore major investments in distressed assets--such as its recent purchase of $15 billion in mortgage securities from UBS--but the company is becoming more selective in recent weeks about where to place its bets, CNBC has learned.
Swiss bank UBS launched a deeply discounted rights issue worth 16 billion Swiss francs ($15.55 billion) on Thursday at a third below its latest market price in a bid to lure investors to repair its battered balance sheet.
Swiss bank UBS will cut almost 7 percent of its workforce and said it has a preliminary deal with BlackRock to sell a $15 billion portfolio of subprime mortgages.