RBC Capital Markets Managing Director and Banking Analyst Gerard Cassidy talks about what's hitting big bank stocks and creating opportunities for investors.» Read More
The $700 billion banking system bailout being worked out in Congress is not the right solution for the current crisis, said Christopher Whalen, managing director of Institutional Risk Analytics, on CNBC Monday morning.
It's been a rough twelve months. The Dow and S&P are looking to have their 4th straight quarter of declines, something not seen in years. Here is a preview of the quarter end stats and the winners and losers to date.
Futures pointed to a lower open on Wall Street but shaved about 20 points off the morning decline as investors welcomed news that Citigroup is acquiring most of Wachovia's assets and that no federal bailout was necessary.
It was bailout or bust for the markets , but now that Congress has reached agreement on the $700 billion package the focus will shift to the weak economy.
Citigroup and Wells Fargo were locked Sunday in a bidding war over a possible emergency takeover of Wachovia, the New York Times reported.
Lawmakers geared up to vote Monday on creating a $700 billion government fund to buy bad debt and alleviate the financial crisis while European regulators scrambled to save two struggling banks.
The state of the financial markets' bailout and the credit crunch are dual concerns for investors in the week ahead.
Maria Bartiromo discusses Friday's top business and financial stories, and looks ahead to Monday's events.
You might have heard reports that Wachovia has begun preliminary talks with Citigroup about a potential merger. Well that's only half the story...
Wachovia has begun talks with Citigroup about a potential merger, people briefed on the matter told the New York Times.
WaMu to JPMorgan. Now Wachovia to Citi? What all this bank-on-bank action means for your money, wherever it happens to be.
Stocks rallied to the finish line as the buzz around the market was that a bailout deal could come tonight before the debate.
The major indices rose in the last half hour as financials rallied in anticipation that some kind of relief plan would be passed this weekend in Congress. Regardless, the markets are facing three serious problems right now.
Shares of Wachovia and National City tumbled on worries about heavy mortgage losses, as talks on a $700 billion financial sector bailout bogged down and regulators seized Washington Mutual in the largest bank failure in U.S. history.
Investors hit the brakes Friday, halting the rally that started Thursday, as political wrangling cast a pall of doubt that the government's bailout plan for the financial system might not get done.
US stock index futures indicated sharp declines for Wall Street on Friday as political wrangling extended uncertainty over the government's proposed $700 billion bailout for the financial system.
Wall Street's wild ride promises to continue as Congress wrangles over details of a financial markets bailout, and investors assess the government-brokered deal for Washington Mutual.
Hedge funds executives tell CNBC that several Wall Street firms are marketing a new hedging product that would allow them to "short" stocks-, even those on the banned short sale list.
What would you pay, sight unseen, for a house that nobody wants, on a hard-luck street where no houses are selling? How does Congress plan to figure out what to pay for these bad derivatives, asks the New York Times.
It's never pretty on Wall Street when the action in Washington rules the markets. That's certainly been the case this week, while Congress wrestles with the merit and shape of the $700 billion financial markets rescue package, proposed by Treasury Secretary Hank Paulson