Some of the names on the move ahead of the open.» Read More
The SEC is examining whether Charles Schwab misled its clients about a fund that was supposed to be safe, but was packed with subprime investments, the New York Times reports.
The American Bankers Association has put out a statement intended to “clarify” the legal limitations on the duties of trustees in mortgage-backed securities deals.
The most telling sign that mergers are poised for a revival? Risk arbitrage has come back from the dead. Hedge funds are now pouring money into the strategy of betting on the outcomes of deals, the New York Times reports.
As lenders have reviewed tens of thousands of mortgages for errors in recent weeks, more and more homeowners are stepping forward to say that they were victims of bank mistakes — and in many cases, demanding legal recourse. The NYT reports.
Stocks shaved off some of their earlier losses as techs staged a late-afternoon rally, but still closed mixed as investors considered news that the Federal Reserve may not provide as much stimulus to the economy as had been anticipated.
Stocks extended their losses Wednesday as concerns grew after a report suggested that the Federal Reserve's next round of quantitative easing will be less aggressive than expected. Home Depot and HP fell, while BofA and AmEx rose.
What follows is a roundup of corporate earnings reports for Wednesday, Oct. 27.
U.S. stock index futures briefly extended losses Wednesday after durable goods orders rose more than expected in September, but fell when transportation equipment was excluded.
See what's happening, who's talking and what will be making headlines on Wednesday's Squawk on the Street.
Lacking any big surprises, the markets may seem to be on cruise control in the coming week, as investors await the U.S. mid-term election and the Fed's November meeting.
How much antipathy does America have against Wall Street?
Although many top analysts manage to hold onto their #1 spot each year, 2010 has 12 analysts claiming top honors in their sector.
So, which top analysts have year after year withstood the test of time and are among the most successful on the street? Click to find out!
A bigger issue emerging is what those robosigners, perhaps unbeknown to them, were covering up—big flaws in mortgage securitization that could open the floodgates to investor lawsuits against trusts.
With polls suggesting Republicans are set to re-take the House, it looks like the Democrats have a glass jaw to go along with that tin ear. And while scattered tea party victories gave the Republican establishment the thrashing it so richly deserved, the bad news is that none of it matters to our financial prospects.
A halt to foreclosures could be a boost to home prices in the near term, Carl Riccadonna, US senior economist at Deutsche Bank, told CNBC Thursday.
So, which firms are most heavily represented in Institutional Investor’s rankings this year? Click to find out!
Last week, Bank of America announced that it was halting foreclosures in all fifty-states while it reviewed its foreclosure process for defects. Now several lawmakers on Capitol Hill are calling for other banks to initiate nationwide foreclosure freezes—a move which the Obama administration is currently opposing.
Working as a trader or an investment banker at a European bank might be about to get a whole lot less lucrative. The FT reports.
The latest employment data doesn’t bode well for Friday's widely followed jobs report. Can the rally endure if employers slash more jobs?