The Federal Reserve's approval of the rule sends a clear signal, bank analyst Mike Mayo of CLSA says.» Read More
Morgan Stanley CEO John Mack has told senior advisers that the firm will continue to make bets in the bond and stock markets despite recent subprime-related trading losses that led to a $9.4 billion writedown in the fourth quarter, CNBC has learned.
Bear Stearns, Goldman Sachs Group and Morgan Stanley said Tuesday that government investigators are seeking information from them about their subprime mortgage activities.
Investment banks Goldman Sachs and Morgan Stanley said Tuesday they had received official requests for information and had been named in law suits related to their subprime mortgage businesses.
Stocks closed higher for the second straight day on positive signs for the economy and strong earnings report.
Morgan Stanley will slash more than 1,000 jobs in the coming week, trimming costs ahead of what it expects will be a tougher business environment, a person briefed on the moves said Thursday.
Following are the day’s biggest winners and losers. Find out why shares of Circuit City (CC) and Morgan Stanley (MS) popped while Motorola (MOT) and Yahoo (YHOO) dropped.
From evaluating a bank to investing in a retailer – how do the Fast Money pro’s do it? Following are their secrets.
For much of the world, the United States is now on sale at discount prices. With credit tight, unemployment growing and worries mounting about a potential recession, American business and government leaders are courting foreign money to keep the economy growing.
Stocks slipped again today after an early rally, and the word "recession" seems to be rolling off everyone's tongue. CNBC asked market experts how investors can best weather this storm.
With the Dow down nearly 15% from its high and the S&P at a 15-month low, the seemingly inevitable bear market is creeping closer. The traders help navigate these choppy waters in the Word on the Street.
What’s the best way to trade surging volatility in this unfriendly market?
Four Wall Street firms have received subpoenas from US Senate investigators who are examining whether the firms improperly structured transactions to help hedge funds avoid dividend taxes, The Wall Street Journal reported on its website.
Merrill Lynch is expected to suffer $15 billion in losses stemming from soured mortgage investments, almost double its original estimate, prompting the firm to raise additional capital from an outside investor.
If you’re brave enough to trade against the trend you could make a lot of money. Following are the traders' high risk and high reward plays.
Citigroup and Merrill Lynch are in discussions to receive more capital from investors, primarily foreign governments, as both prepare to announce significant writedowns next week, CNBC has learned.
Danish oil and gas group DONG Energy said on Tuesday it is ready for an initial public offering (IPO) and a listing on the Copenhagen exchange.
The financial sector is expected to weigh on corporate earnings in the fourth quarter. But outside the sector, the news is upbeat.
Shares in Swiss bank Credit Suisse fell by around 3 percent on Monday after a Swiss newspaper reported the bank faced writedowns in its commercial mortgage and leveraged-finance business.
A group led by U.S. investment firm Aetos Capital has outbid Morgan Stanley and others by offering 300 billion yen ($2.7 billion) for a roughly 30 percent stake in Japanese property developer Daito Trust Construction a financial source said on Friday.
A Hong Kong-based unit of China's State Administration of Foreign Exchange (SAFE) has bought small stakes in three Australian banks, the Financial Times reported on Friday.