U.S. municipal bond market sales soared nearly 40 percent in the first three quarters of 2015, data showed on Thursday.» Read More
Stock index futures pointed to a higher open for Wall Street, with Citigroup leading the way as the largest US bank said it is close to a deal to sell $12 billion in leveraged loans and bonds.
A recent run-up in financials has many on Wall Street wondering if that sector is seeing a bottom. David Stepherson, of Hardesty Capital, and William Smith, of Sam Advisors weighed in on CNBC’s "Closing Bell" with their financial sector picks.
Stocks moved lower after opening mixed, as investors moved cautiously on a bit of strength in financials and mixed earnings news.
Citigroup close to selling $12 b of leveraged loans and bonds to a wide group of private equity firms. What will they sell the leveraged loans for? Not clear, but it could be as low as 90 cents on the dollar. Also, note that these are bridge loans for deals; short-term loans. They are not supreme or problem loans.
Stocks are trudging along and have held up fairly well in the face of some not so good news and ahead of the barrage of next week's earnings reports.
Citigroup is close to selling about $12 billion of leveraged loans and bonds to a group of private equity firms reports the Wall Street Journal...
Stocks closed lower amid more bad news in the financial sector and a report showing the Federal Reserve is more worried about a recession than it has previously indicated.
In Monday’s Web Extra, the traders reveal how to play Novartis, Citigroup and the solar sector.
Stocks finished flat Monday as traders opted to pull over and let some of the earnings traffic pass before deciding what to do next.
Millions of Americans may be facing the prospect of losing their homes, but a handful of fund managers have become the best paid in their industry -- taking home 10-figure paychecks last year -- by betting against mortgages.
Stocks advanced Monday, helped by financials, after some encouraging news that suggests banks may be getting their act together.
Stocks opened higher Monday, led by financials, after some encouraging news that suggests banks may be getting their act together.
.Three big financial stocks are the top volume movers this morning--Washington Mutual, UBS, and Citigroup. Washington Mutual up 16 percent pre-open on a Journal story that private equity firm TPG and others may invest $5 b in the company, which would provide it with much-needed capital.
Discover Financial Services Monday said it agreed to buy Citigroup's Diners Club International operations for $165 million, expanding its global presence.
Stocks hold onto weekly gains while Microsoft considers reducing its offer for Yahoo! What's the "Word on the Street?"
Major stock indexes ticked higher Friday though the market was broadly mixed. General Motors skidded, while UBS shares advanced.
Don't let the light-volume, low volatility day lull you into thinking nothing happened today. The disappointing jobs report (including downward revisions in January and February) failed to significantly drop the markets.
Today’s weaker-than-expected jobs report is putting pressure on stocks and has some investors uttering the “R word.” To help investors protect their portfolios in this uncertain market environment, CNBC asked the experts for advice.
A breakup of Swiss bank UBS would not be possible at the moment but it should be thoroughly restructured to bring it back on course, Luqman Arnold, chairman of investment company Olivant and former president of UBS, told CNBC Europe.
The $166 billion merger that created Citigroup in 1998 was a mistake that failed to benefit the company's investors, John Reed, one of the deal's masterminds, told the Financial Times.