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  • Stocks Turn Mixed; Financials, Techs Rise Friday, 7 Mar 2008 | 12:08 PM ET

    Stocks recovered Friday as investors quickly moved past the second straight drop in employment payrolls and focused on better times ahead.

  • CEO Pay Hearings? Stop Wasting My Tax Dollars Friday, 7 Mar 2008 | 11:35 AM ET
    Angelo Mozilo

    A memo from the House Committee on Oversight and Government Reform states that in the last two quarters of 2007, Citigroup, Merrill Lynch and Countrywide Financial combined lost more than 20 billion dollars, thanks to the subprime mortgage meltdown. ...But CEO windfalls are a fact of life.

  • Countrywide: Mortgage Controls Have Gone Too Far Friday, 7 Mar 2008 | 10:42 AM ET

    Countrywide Financial CEO Angelo Mozilo told a congressional panel Friday that he is "extremely concerned" that recent tightening of mortgage underwriting criteria has gone too far.

  • Punk Ziegel: Buy Citi on Talk of Capital Strength Friday, 7 Mar 2008 | 10:24 AM ET

    Punk Ziegel recommended investors buy Citigroup, a day after the bank announced moves to overhaul its U.S. residential mortgage business, and said new rumors in the market suggest that the financial giant's capital strength may be greater than thought.

  • Banks CEOs Face Grilling over Compensation Friday, 7 Mar 2008 | 7:25 AM ET

    The heads of three companies implicated in the mortgage crisis have been asked to explain how they collectively received hundreds of millions of dollars in compensation while their companies were losing money.

  • Market Insider/Friday Look Ahead Thursday, 6 Mar 2008 | 9:41 PM ET

    Gloom and doom greets the February employment report Friday. There's not much optimism around that report, which is released at 8:30 a.m. Estimates range from a slight increase in jobs to a slight decrease. Lehman expects job growth of 15,000, after January's 17,000 loss.

  • S&P 500 Index Closes Below January Low Thursday, 6 Mar 2008 | 4:37 PM ET

    Wall Street was poised to open mostly lower on Thursday, despite positive retail sales numbers as the market continued to worry over the battered financial sector.

  • Citigroup to Cut Mortgage Exposure by $45 Billion Thursday, 6 Mar 2008 | 4:24 PM ET
    Citigroup Center

    Citigroup said it aims to cut its home loan exposure by $45 billion, reduce risk and save $200 million a year in an overhaul of its U.S. residential mortgage business.

  • ambac_logo.jpg

    Hard-hit bond insurer Ambac Financial Group's plans to raise at least $1.5 billion in new capital are not enough to fix its capital adequacy problem, analysts at Goldman Sachs and J.P. Morgan Securities said.

  • No Silver Bullet Wednesday, 5 Mar 2008 | 6:25 PM ET

    After Ambac's bailout went bust, what can possibly help the struggling financials?

  • Stocks Claw Their Way Back as Oil Tops $104 Wednesday, 5 Mar 2008 | 5:10 PM ET

    Stocks clawed their way back to close higher Wednesday after a rollercoaster day of trading loaded with news.

  • Stocks Turn Mixed After Ambac News Wednesday, 5 Mar 2008 | 2:34 PM ET

    Stocks pulled back in afternoon trading Wednesday, led by financials, as news on Ambac trickled out.

  • Ambac to Raise $1.5 Billion To Keep Triple A Rating Wednesday, 5 Mar 2008 | 1:49 PM ET
    ambac_logo.jpg

    Ambac's plan to raise up to $1.5 billion in capital is nearly complete, bankers say, which should help the troubled bond insurer keep its crucial triple A debt rating.

  • Ambac Announces Plans To Raise Up to $1.5 Billion Wednesday, 5 Mar 2008 | 12:42 PM ET
    Ambac

    Ambac Financial Group announced plans to raise up to $1.5 billion in capital in an attempt to keep its crucial triple A debt rating.

  • Buy This Bottom Tuesday, 4 Mar 2008 | 6:26 PM ET

    There are too many opportunities for investors to be sitting on the sidelines.

  • Stocks Close Mixed Amid Ambac Rumors Tuesday, 4 Mar 2008 | 4:38 PM ET

    Stocks declined Tuesday, with financials taking a beating after news of more fallout from the subprime mess at Citigroup. Energy stocks also fell as oil prices receded.

  • Citigroup's Job Cuts Could Total More Than 30,000 Tuesday, 4 Mar 2008 | 2:34 PM ET
    Citigroup

    Citigroup's job cuts could reach 30,000 or more over the next year and a half because of increasing writedowns from subprime related debt, CNBC has learned

  • Financial Stocks Hit by Citi News; Oil Slides Tuesday, 4 Mar 2008 | 1:34 PM ET

    Stocks declined Tuesday after dismal corporate news about Intel and Citigroup.

  • Banks Facing More Fallout From the Housing Crisis Tuesday, 4 Mar 2008 | 11:05 AM ET
    bank.jpg

    Three top government officials--including Fed Chairman Ben Bernanke--signaled that the expanding housing crisis is likely to take an even bigger toll on banks.

  • Stocks Slide After Intel, Citi News Tuesday, 4 Mar 2008 | 10:32 AM ET

    U.S. stock index futures pointed lower Tuesday, with no major data expected and with corporate news adding to investors' gloomy mood.