The Federal Reserve Bank of New York has criticized Deutsche Bank of several reporting issues. CNBC's Mary Thompson reports the details.» Read More
The news that Bank of America had hired Gary Lynch, formerly the General Counsel of Morgan Stanley, to the new post of global chief legal officer is a clear demonstration that the bank continues to play games with its shareholders. It is also giving rise to insider sniping about its general counsel.
Stocks closed mixed after another choppy, low volume session, as the broader market staged a late afternoon rally despite slumping bank and tech stocks. Kraft rose, while JPMorgan fell.
Stocks took a brighter tone in the last hour of trading as the broader market gained, although banks and tech stocks remained lower. Coca Cola rose, while JPMorgan fell.
Stocks turned weaker again in the wake of disappointing economic news, and ahead of major earnings releases. JPMorgan and HP fell, while Kraft gained.
While Fed Chairman Ben Bernanke maintains allies at the top of the central bank, finding support in the financial community is getting progressively tougher.
Central banks can only slow, not stop, currencies from moving when fundamentals dictate a shift. That means you, Malaysia and Thailand.
Banks are yet shrugging off a fear of commitment.
Just a quick and disturbing afterthought on that twisted story about the guy who delivers bottled water to the Deutsche Bank trading floor getting arrested for attempting to install hidden cameras in the men’s restroom.
A man was arrested for covertly installing cameras inside of Deutsche Bank, according to a report from DealBreaker.
Some of the best-known hedge funds have struggled this year to outperform the stock market, with many turning in 3 percent or 4 percent year-to-date returns during a period where the S&P 500 was up nearly 6 percent.
Renren.com plans to list in the US this year in a deal that could make the Chinese company one of the world’s first social networking sites the public can invest in. The FT reports.
Last week’s Kinder Morgan public offering was a fee bonanza for Wall Street. A total of nearly $86 million was paid out to the thirteen banks involved in the offering.
So much for the death of the IPO.
A suit by a mortgage insurer says that Bear Stearns pocketed money from bad loans instead of putting it toward mortgage bonds, the New York Times reports.
NYSE Euronext and Deutsche Borse are days away from finalizing a merger under which Deutsche Borse would exchange its shares for NYSE shares at an implied premium of roughly 10 percent, according to people close to the deal.
AIG is a company with a positive long term outlook, Bruce Berkowitz, founder and portfolio manager of Fairholme Capital Management, and the largest private shareholder, 32.7 percent, of outstanding shares in AIG after the US government, told CNBC on Wednesday.
AIG's 're-IPO,' which may wind up being the year's biggest public stock offering, is reaching new heights of anticipation, according to the company's non-executive chairman.
Sorry money managers, but there’s another reason to hate ETFs: they’re getting smart. Which isn’t to say that the ETFs you love and trade now are 'dumb'—but they are passive.
Deutsche Bank foreclosed on the home of Sgt. James B. Hurley and his wife in violation of a law intended to protect service members from such actions while they are overseas, the New York Times reports.
"The risk trade is back in the market. Last year where we were focused mainly on recapitalizing and fortifying balance sheets, this year the risk trade has moved into some of the growth names...investors will look to the IPO market to generate some alpha in there portfolio," Cummings said.