Federal authorities have obtained confidential documents that shed new light on JPMorgan Chase's decision to hire the children of China's ruling elite, The New York Times reports.» Read More
Saudi Arabia plans to establish a sovereign wealth fund that may exceed $900 billion, which would likely be the largest in the world, the Financial Times reported on its Web site without naming sources.
Bad home loans sparked a bear market in bank stocks this year. How will the credit crisis evolve in ’08?
This might have been one of Wall Street's most dismal years in a decade, but that hasn't stopped bonus checks from rising an average of 14 percent.
Merrill Lynch is the topic today: As Morgan Stanley and Bear Stearns have both taken substantial writedowns on their mortgage-related portfolios, there is speculation that Merrill will also be taking writedowns when they report in January.
With losses mounting, Merrill Lynch, the nation's largest brokerage firm, is turning to Asia for financial help.
Goldman Sachs (GS) revealed that they’re expecting one of the most volatile Januarys on record. Why?
Check out the news on Eaton Corp today. The company plans to buy two companies--one in Europe, the other in Asia. That's exactly the type of deal making we can expect to see in the world of M and A next year.
Oracle's strong earnings could give some tech names a bounce Thursday though markets are again being haunted by credit worries, and another Wall Street firm is set to report earnings before the bell.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
Stocks closed mixed after another volatile day that featured lowered outlook for two key insurers, more jitters over credit and mixed results from an effort to shore up financials.
Morgan Stanley posted a stunning fourth-quarter loss after a bigger-than-expected $9.4 billion write-down and sold a $5 billion stake to a China fund to bolster capital.
Morgan Stanley, which Wednesday announced a fourth-quarter loss and a $5 billioncapital infusion from China, will suspend stock buybacks and take a close look at its staffing worldwide, Chief Financial Officer Colm Kelleher said in an interview.
Most companies this morning reported disappointing earnings, and a few highlighted the impact of inflation on their bottom line. 1) Morgan Stanley reported a loss of $3.61 vs. a consensus of a loss of $0.39.
Stocks staged a mini comeback Tuesday after a day that saw indexes seesaw on both sides of the unchanged line. The market once more fretted over the financial sector and could do the same on Wednesday.
Goldman Sachs posted better-than-expected quarterly earnings but its performance in November was "horrible," a senior executive said.
Goldman Sachs Group fourth-quarter earnings rose 2 percent, beating expectations and capping a record year, but its shares fell after the investment bank cautioned that markets will remain challenging in the near future.
Goldman Sachs Group is slated to report its fiscal fourth-quarter results Tuesday before the opening bell. Following is a summary of key developments and analyst commentary related to the period.
Expect a bonanza of broker earnings this month with Goldman (GS) reporting Tuesday, Morgan Stanley (MS) on Wednesday and Bear Stearns (BSC) on Thursday. How should you trade it?
Banking stocks aren't dead, said Richard Bove, financial strategist at Punk, Ziegel; but they have to be judged differently going forward. Bove gave his insights into which Wall Street firms are the strongest-positioned -- and which will see their troubles getting even worse.