Friday March 30th is the final day of trading before money managers must close the books on a tumultuous first quarter - billions of dollars will exchange hands. With the sub-prime slime and surging oil prices dragging stocks lower – will there be more negative news, or more positive trends, going forward?
New Century Financial, the troubled subprime mortgage lender, said on Wednesday it voluntarily ended its relationship with mortgage financier Freddie Mac, and that "several" of its own lenders plan to sell loans that had backed $17.4 billion of credit lines.
Goldman Sachs Group Chief Executive Lloyd Blankfein said the firm expects to raise $19 billion to $20 billion for its next private equity fund.
Morgan Stanley is in the process of holding an auction for $2.48 billion in mortgages from subprime lender New Century Financial, The New York Post reported Monday.
Morgan Stanley announced Friday its long-expected plans to spin off its Discover credit card operations in an initial public offering.
The winner of tonight's match-up will move on to battle financial giant Goldman Sachs (GS) in the Elite 8.
German media conglomerate Bertelsmann is entering the private equity world by joining with Citigroup and Morgan Stanley to create a 1 billion euro ($1.33 billion) fund for leveraged acquisitions in the media sector, the Wall Street Journal reported Thursday.
Stocks erased nearly all of their losses for the year after investors interpreted comments from the Federal Reserve to mean that an interest rate hike is less likely.The S&P 500 and the Nasdaq turned positive for the year, erasing all of last month's selloff, while Dow Jones Industrials is still down slightly for the year.
A Florida state appellate court rejected a $1.58 billion verdict against Morgan Stanley, saying the bank did not get a fair shake in its trial defending against financier Ronald Perelman's 2003 breach-of-contract suit.
Morgan Stanley reported a sharp rise in quarterly earnings Wednesday, well ahead of market expectations, thanks to a jump in revenues for both equity and fixed-income trading and sales.
The stock market has an appointment with the Fed today and Wall Street is largely non-committal ahead of the open. But some healthy earnings reports are adding positive sentiment.
Fresh data about the weak-kneed housing market and a two-day Fed meeting are highlights in a week that investors enter with anxiety.
Lehman Brothers, the nation's fourth-largest investment house, said Wednesday robust trading and overseas expansion drove its first-quarter profit up 5.6%, matching Wall Street expectations.
The largest independent U.S. subprime mortgage lender said on Monday its lenders plan to halt financing, pushing the company closer to bankruptcy amid dwindling cash and $8.4 billion in obligations that could come due immediately. The stock was halted on Monday.
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Mounting concerns on Wall Street that mortgage lenders might be hurt by increasing defaults and delinquencies sent investors fleeing Monday from some of the biggest names in the industry. The meltdown among lenders that specialize in home loans to people with weak credit again ravaged stock prices.
Does the current market turmoil mean the big brokerage houses are in trouble? Depends whom you ask. CNBC's Sue Herera heard from two experts -- with two very different outlooks on the industry.
Small investors might have gotten burned by Tuesday's market frenzy. But what of the big brokerage houses? Two bond and portfolio managers told CNBC's Maria Bartiromo that they're not worried.
If there's one place to turn when the going gets tough these days, it's the financials. You can trust these investment banks to weather market troubles like we saw today.
As CNBC.com reported earlier today, the U.S. Securities and Exchange Commission is investigating whether or not some Wall Street banks are leaking privy information from one client to gain favor with another. But is this illegal? Depends upon whom you talk to.