A strategy employed by large banks to help hedge funds cut taxes has drawn criticism from U.S. authorities, the Wall Street Journal reported.» Read More
Some people think "too big to fail" is too much to risk. Here's why they are wrong.
The S&P 500 and the NASDAQ are down 3 days in a row (the first time since the March 9th low); the S&P is now down 5 percent from its recent high one week ago.
No doubt General Growth Properties' bankruptcy filing will have far-reaching implications for commercial real estate. The bankruptcy, which is said to be the largest real-estate failure in U.S. history, will further pressure already stressed property values for U.S. malls and mall mortgages and spark further consolidation.
Investor sentiment is improving for the beaten-down financial sector and there are four “glorious” banking stocks that could provide good opportunities, Petra von Kerssenbrock, an analyst from Cummerbund, told CNBC.
Reversing its role as the world’s fastest-growing buyer of United States Treasuries and other foreign bonds, the Chinese government actually sold bonds heavily in January and February before resuming purchases in March, according to data released during the weekend by China’s central bank.
Back in the good old days — early 2007 — bankers from Merrill Lynch, Deutsche Bank and other financial giants placed their bets on a 48-year-old property tycoon who was supposed to be China’s next billionaire.
Stocks rallied for a second straight day on Thursday on increasing optimism that the economy's worst days are over.
Stocks ended a choppy session sharply lower Tuesday as investors regrouped after the prior session's blockbuster rally.
Amidst investor uncertainty about Treasury Secretary Timothy Geithner’s latest plans to rid banks of toxic assets, Dirk Becker of Kepler Capital Markets remains optimistic. He told CNBC that the plan may even make investment bank stocks a worthy investment.
Stocks retreated Tuesday, despite good news continuing from the banking sector, as investors took a breather after Monday's surge.
Markets have been performing well in the past few days in response to numerous economic data—but can we really trust that this is the bottom? Two strategists, Harry Clark of Clark Capital Management Group and Joe Clark of Financial Enhancement Group, discussed their views on CNBC.
Not a big surprise we are seeing modest profit-taking this morning. Big European banks are down mid single-digits.
US stock index futures pointed to a lower open for Wall Street Tuesday after Monday's rally, despite good news continuing from the banking sector, with fears over the health of the world economy resurfacing and investors locking in some gains after the previous session's jump.
Stocks snapped their winning streak Monday after American Express reported that credit-card deliquencies rose in February. Techs were particularly weak amid worries about tech spending.
Stocks advanced Monday as banks continued their winning streak and Federal Reserve Chairman Ben Bernanke's weekend remarks that the recession could end this year fueled some optimism. But weakness in big-name techs dragged on the Nasdaq.
Stocks opened higher Monday as banks continued their winning streak and Federal Reserve Chairman Ben Bernanke's weekend remarks that he expects the economy to start recovering next year spurred optimism.
Stock index futures indicated a higher open for Wall Street, with investors optimistic after Federal Reserve Chairman Ben Bernanke said he expected the economy to start recovering next year.
AIG, the insurance giant that received taxpayer-funded bailouts worth $173 billion and sparked a political storm with its plans to pay $165 million in bonuses, revealed the list of its counterparties.
Stocks retreated in a yo-yo session as an earlier advance in the shares of energy and big-cap technology companies dissipated. But banks held gains as investors hoped for more clarity on the government plan to firm up the financial system, with Fed Chairman Ben Beranke meeting with President Obama today.
At least two dozen US and European banks benefited from the rescue of AIG, with about $50 billion paid out to them since the Fed first gave aid to the insurance giant, the Wall Street Journal reported.