Many stock markets around the world are at or near their highest levels ever, so perhaps a correction is on the cards. The asset class that benefits most in this environment is fixed income.» Read More
Futures edged lower Tuesday after investors became nervous following comments from Germany's Angela Merkel ahead of Wednesday's EU summit and following a slew of mixed earnings reports.
As markets countdown toward a European bailout plan, traders are finding other things to preoccupy themselves — like the routine of corporate earnings but also speculation about another Fed easing program.
Oil market traders often deal with contrasting sources of information in their quest to find real production numbers and the slightest hint of where prices may be headed. Another case in point is the release of the latest August production and intake data by the producer-consumer energy dialogue, known as the Joint Data Initiative (JODI).
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.