Robert J. McCann, the head of the brokerage division at Merrill Lynch, is leaving the firm. The announcement was made by John Thain, Merrill's chief executive and president of Bank of America's global banking. This comes just days after the completion of Merrill's acquisition by Bank of America .
Vacancy rates in office buildings exceed 10 percent in virtually every major city in the country and are rising rapidly, a sign of economic distress that could lead to yet another wave of problems for troubled lenders.
Wall Street closed out its worst year since the Great Depression on Wednesday. For the year, the Dow fell 33.8 percent...
Citigroup plans to announce a new executive compensation system in which the top executives at the firm will see sharp reductions in their yearly pay packages if the firm's fortunes continue to sour, people close to the firm tell CNBC.
Under fire for regulatory missteps, top U.S. securities regulator Christopher Cox defended his agency's record but acknowledged some regrets...
Technology shares and the financials have been tough to trade this year. Is it time to dip a toe – or will you just get burned?
Byron Wien, chief investment strategist at Pequot Capital Management, told CNBC that 2009 will be better than most people expect. Wien shared his insight on the markets and the economy with the Squawk Box crew Thursday morning.
After receiving billions in aid from U.S. taxpayers, the nation's largest banks say they can't track exactly how they're spending the money or they simply refuse to discuss it.
The S&P 500 rose on Friday after the U.S. government said it would throw a $17.4 billion lifeline to automakers grappling with falling consumer demand.
Standard & Poor's lowered the credit ratings and outlooks for 12 major U.S. and European banks Friday, including Goldman Sachs and Bank of America, citing increasing industry risk and a deepening economic slowdown.
It may be the season to be wealthy — at least on Wall Street, where banks are awarding annual bonuses despite a growing outcry over pay, the New York Times reported.
The Dow fell for the second day on Thursday after Standard & Poor's threatened to strip General Electric of its 'AAA' credit rating and slumping oil prices crippled energy shares.
Stocks declined Thursday as worries about General Electric's credit and the fate of the auto industry weighed on the market.
U.S. stock index futures were mixed Thursday as the possibilty of global interest rates at zero increased and deals both broke down and reemerged.
Homeowners around the country are scrambling to refinance their mortgages at the lowest rates since the early 1960s.
We finished the day down, but these two guys were responsible for much of the trading session’s strength, Cramer says.
Stocks briefly popped into positive territory before resuming their descent amid waning enthusiasm for the Fed's near-zero target rate.
The Dow fell on Wednesday as investors continued to digest whether the Fed had any more ammunition left after its bold move on Tuesday...
There is an eerie stillness in the stock market. The wild price swings and huge volume that we have seen from September through the beginning of December has quietly gone away. The panic selling has gone away.
Are the technical forces powerful enough to keep the S&P 500 on its current uptrend toward 1,000? Also why isn't Apple CEO Steve Jobs making the keynote address at Macworld?