The FDIC sued 16 of the world's largest banks on Friday, accusing them of collusively suppressing interest rates, Reuters reported.» Read More
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.
Even professional stock pickers are miserable. At an informal gathering of about a dozen hedge fund traders and analysts last night, trader after trader expressed frustration with the fact that the correlation between stocks has been near all-time highs—for months. This means that stock picking has been useless.
The banking sector in Europe has been largely unable to staunch the heavy selling of stocks as investors bet the euro zone debt crisis will lead to recapitalization for the region's lenders and a second collapse in bank shares in the last three years.
The “Mad Money” host reveals what’s on his radar for Tuesday.
Stocks rallied in the final hour to finish near session highs Monday, erasing their earlier losses in choppy trading, following an FT report that China was in talks with Italy to purchase its bonds.
Stocks closed firmly in the red Friday amid fears that Greece may default on its debt and following news that ECB's Juergen Stark will resign.
The pros suggest pressing a short position in the euro. Trader Steve Cortes spotted a signal that convinces him the ECB will have to take back the rate hike.
CNBC's Bob Pisani reports on the trading day from the NYSE.
European shares fell sharply on Monday amid renewed fears over the euro zone debt crisis and a warning from Deutsche Bank’s CEO on the outlook for banks.