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In a sign of Wall Street’s resurgent influence, bank lobbyists are aiding lawmakers in preparing legislation that softens regulations of the financial industry.
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Bank of America Corp. fell$. 07 or. 5 percent, to $13.14. Citigroup Inc. fell$. 53 or 1.0 percent, to $50.01. Goldman Sachs fell $1.31 or. 8 percent, to $156.10.
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The scenario raises concerns among many economists of what's become known as "sudden stops" in western investment flows to emerging markets- the most spectacular being the 1997/ 98 currency crises across Asia, Russia and Latin America but yet again at the height of the credit crisis in late 2008/ 2009..
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NEW YORK-- Shares of Salesforce.com Inc. tumbled in premarket trading Friday after the company said its losses widened as it spent more money to expand its online software service in an effort to maintain its rapid growth.
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In a sign of Wall Street’s resurgent influence, bank lobbyists are aiding lawmakers in preparing legislation that softens regulations of the financial industry.
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TOKYO, May 24- Japanese government bond prices mostly fell on Friday, though they pared losses as the stock market wildly gyrated and the benchmark yield remained well shy of the one percent threshold touched a day before. The Bank of Japan's regular bond-buying operation also provided some support to prices.
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Bank of America Corp. fell$. 10 or. 8 percent, to $13.21. Citigroup Inc. fell$. 47 or. 9 percent, to $50.53. Goldman Sachs fell $1.93 or 1.2 percent, to $157.41.
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CNBC's Deirdre Wang Morris reports on Japan's market close; and Citigroup shares have been soaring over the last 52 weeks, but is leading the decline today among the biggest banks. The "Fast Money" traders debate the trade on the stock.
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Bank of America Corp. fell$. 04 or. 3 percent, to $13.27. Citigroup Inc. fell$. 63 or 1.2 percent, to $50.37. Goldman Sachs fell $1.96 or 1.2 percent, to $157.38.
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NEW YORK-- A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. Advanced Micro Devices Inc. rose 1.3 percent to $4.01 with 23,755,300 shares traded. Bank of America Corp. fell. 3 percent to $13.27 with 122,899,600 shares traded.
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Bank of America Corp. fell$. 34 or 2.6 percent, to $12.97. Citigroup Inc. fell $1.55 or 3.0 percent, to $49.45. US Bank fell$. 37 or 1.0 percent, to $35.00.
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LONDON, May 23- UK- based publisher Pearson, buffeted by a string of managerial changes and slowing growth, unveiled a further shake-up on Thursday that it said would take some time to implement.
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NEW YORK-- Hewlett-Packard shares soared before Thursday's opening bell after the computer company delivered fiscal second-quarter results that weren't as bad as Wall Street had feared and raised its earnings forecast for the full year. In premarket trading, HP shares rose $2.38, or 11.2 percent, to $23.61.
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*Praet says ECB could expand its instruments. PARIS/ WASHINGTON, May 23- The European Central Bank is looking into expanding its range of policy tools, while the U.S. central bank is mulling scaling back its support measures, highlighting the contrasting fortunes between the world's two biggest economic blocs.
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Bank of America Corp. fell$. 13 or 1.0 percent, to $13.31. Citigroup Inc. fell$. 66 or 1.3 percent, to $51.00. Goldman Sachs fell $1.39 or. 9 percent, to $159.34.
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NEW YORK, May 22- U.S. stocks fell on Wednesday with the S&P 500 posting its biggest decline in three weeks, after minutes from the latest U.S. The minutes followed comments from Chairman Ben Bernanke, who said the Fed could decide to scale back the pace of bond purchases at one of the "next few meetings" if the economic recovery looked set to maintain forward momentum.
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Goldman Sachs revealed the stocks most popular with the nearly $2 trillion hedge fund industry. The so-called VIP list has outperformed the S&P 500 this year.
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*Bernanke touts benefits of Fed easing, but hints could act.
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NEW YORK-- A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. Bank of America Corp. rose 1.4 percent to $13.63 with 88,111,200 shares traded. Barrick Gold Corp. rose 1.8 percent to $19.71 with 16,112,200 shares traded.
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Bank of America Corp. rose$. 19 or 1.4 percent, to $13.63. Citigroup Inc. rose $1.03 or 2.0 percent, to $52.69. Goldman Sachs rose $2.71 or 1.7 percent, to $163.44.
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MONTPELIER, Vt.-- Vermont's attorney general says Vermont homeowners have gotten $14.7 million in foreclosure relief benefits as part of a state-federal settlement with the country's five largest mortgages servicers.