Rapidly expanding car-on-demand service Uber told CNBC Hong Kong was proving its fastest growing market so far, outside of the U.S.» Read More
Deutsche Bank and other European banks dropped on a Bloomberg story that DB was considering floating additional equity. No comment from DB, according to CNBC's London Bureau. The market's reaction is surprising, given what we already know.
Stocks rose modestly in light late-afternoon trading Thursday after a pair of upbeat economic reports. Adobe jumped, McDonald's slipped.
Germany's largest bank, Deutshe Bank, has approached investment banks to discuss a stock sale aimed at raising up to $11.4 billion (€9 billion), according to a report from Bloomberg News Thursday.
Deutsche Bank has talked with investment banks to gauge the appetite for a stock sale to raise as much as 9 billion euros, according to a Bloomberg report citing “three people with knowledge of the discussions.”
Is the market nearing the upper end of its range and about to turn lower? Or is this time different?
John Gapper points out that the elevation of Bob Diamond to the top of Barclays indicates that the financial crisis hasn't stalled the rise of investment bankers in Europe.
The average pay of top bankers in the US and Europe fell by nearly 60 per cent in 2009 amid a furor over bonuses, according to data compiled for the Financial Times.
New international regulations on how much capital banks must hold will initially make borrowing more expensive and dampen economic growth. The New York Times reports.
The global nature of today's infrastructure has enabled European firms to make tremendous inroads. European banks might have it right this time, and here's why.
Germany’s unexpectedly strong economy is generally considered good news for the rest of Europe, which depends on German demand for its goods. The NYT reports.
See what's happening, who's talking and what will be making headlines on Wednesday's Squawk on the Street.
Despite some good earnings reports Tuesday morning and modestly higher futures pre-open, stocks have given up much the day’s early gains on some disappointing economic data. Here's a complete market breakdown.
The Dow pulled off its fourth-straight gain, led by DuPont after better-than-expected earnings from the chemicals maker. But the gain was more modest than in recent sessions as a drop in consumer confidence tempered investors' enthusiasm. Financials rose, while energy and consumer-discretionary stocks were among the weakest links.
What follows is a roundup of corporate earnings reports for Tuesday, July 27.
By the end of the Friday’s session bulls were on the brink of pushing stocks into the green for the year and appeared to be picking up momentum.
Three European banks have revealed capital-raising plans before the results of stress tests were due to be made public, the FT reports.
Are we looking at a wild ride on Friday afternoon? Results of European bank tests are due after Europe closes, but while we’re open!
Paulson & Co, the hedge fund group famed for making billions from the collapse of the US subprime mortgage market, is to launch a new fund open to retail investors that will track its existing investment strategies. The FT reports.
The final terms of Goldman Sachs' settlement with the SEC were hashed out over the telephone. On one end, Gregory K. Palm, Goldman’s general counsel. On the other end, the S.E.C.’s director of enforcement, Robert Khuzami.
Several Wall Street firms are looking to expand their asset-backed trading. UBS has added 350 new traders and salespeople over the last 12 months; Morgan Stanley has hired 250 people in new fixed income and is expected to hire 200 more.