European shares closed higher on Wednesday amid corporate earnings news and ongoing turmoil in Gaza and Ukraine.» Read More
Continued downward pressure on financial stocks could be expected as events unfold, especially the potentially disruptive forces that Europe may unleash, or the conclusion that the foreclosure and mortgage lawsuits are larger and more significant than currently believed.
It does appears that the European Union is now taking the necessary steps to address their economic problems; the eurozone is a flawed union and a number of member nations are less solvent than they originally represented when they entered into this union. Buyer beware apparently.
Putting more capital into the banking system is not enough to solve Europe's financial problems or restore investor confidence, said Josef Ackermann, CEO of Deutsche Bank.
Josef Ackermann, Deutsche Bank CEO, discusses Fitch's recent downgrade of DB, and new capital requirements under Basel III regulations.
Banks are shedding jobs worldwide as stricter regulations and a tough second quarter for trading income take their toll on investment banking units in particular.
With JPMorgan releasing earnings that were less than inspiring but not a disaster either, should you play the banks long, short or stay away?
Wall Street banks often boast that they hire the best and the brightest. Now, scrambling to bolster profits, they have become full-time headhunters for some of their biggest hedge fund clients, a role that is rife with potential conflicts, the New York Times reports.
So, who are the newest additions to Institutional Investor's All-America Research Team? Find out!
Deutsche Bank scrapped its profit target for this year, announced 500 job cuts and said that it would take further impairment charges on its holdings of Greek sovereign debt, sending its shares down on Tuesday.
European Union finance ministers are examining ways of co-ordinating recapitalisations of financial institutions after they agreed that additional measures were urgently needed to shore up the region’s banks. The FT reports.
Stocks rebounded during the final hour of trading in a roller coaster ride on Wall Street Tuesday, following a report that EU finance ministers are examining possible ways to recapitalize banks and after Fed Chairman Ben Bernanke said he is prepared to help the economy.
Futures declined Tuesday amid growing concerns that the threat of a Greek default will lead to another banking crisis in Europe.
Seth Waugh, Deutsche Bank Americas CEO, shares his view on the European debt crisis, and whether Deutsche Bank Americas is standing strong despite its 7.4% market share in Europe.
Stocks closed out the worst quarter in almost three years amid fears over the global recovery and finished near session lows for the day as investors were reluctant to stay long ahead of the weekend.
LONDON—Greece may never be able to pay off its huge debts, but its bonds, long scorned by investors, are suddenly being gobbled up by hedge funds. After a number of investors struck gold by betting against French banks, many have turned their attention to the hot yet risky euro zone trade of the moment: buying Greek government bonds that traders say are changing hands for as little as 36 cents for each euro of face value.
European leaders headed home from a weekend of meetings in Washington vowing bolder steps to address widening anxiety about the Continent’s debt burden. But it will most likely be weeks or even months before any new action comes to pass. The NYT reports.
Stocks staged a strong comeback in the final hour of trading Monday, cutting their losses by more than half, following a report that the Greek finance minister official said the debt-ridden nation may be close to a deal with its international lenders, according to Reuters. Still, stocks ended lower, snapping a five-day winning streak.
Stocks closed sharply higher for a fourth-consecutive session Thursday following news that major central banks across the world agreed to lend U.S. dollars to European banks, taking pressure off funding issues across European banks.
Retail landed back on the "Fast Money" team's radar after Deutsche Bank suggested 6 pair trades. Find out how they would play it.
Stocks rallied to finish higher in another volatile session Tuesday, led by industrials and materials, but investors continued to remain cautious over the euro zone debt crisis and the economy.