Deutsche Bank has “serious” failings in its controls against money laundering, according to the UK’ s financial watchdog, the FT reports. » Read More
Also: Portugal raised $1.2 billion in a 3-month debt auction, a day after having their debt cut by 4 notches to debt by Moody's. The bad news is they paid a steep price: 4.96 percent. The Portugese stock market is down 2.6 percent this morning.
Investors slammed bank stocks on Tuesday after a relatively strong performance last week. Should you hold your nose and buy? Or run in the other direction?
Again, Europe’s biggest banks landed in the spotlight with investors again fearing the ripple from Greece.
Worries linger over European banks' exposure to Greek debt, with Scott Nations, NationShares.
Stocks ended lower Friday with the Dow and S&P closing down for the seventh week out of eight amid continuing jitters over the euro zone debt crisis.
Stocks slumped with the Dow and S&P on track for their third-straight day of losses Friday as uncertainty over the passage of a Greek austerity plan in addition to worries over Italian banks overshadowed a better-than-expected durable goods report.
The business community and Wall Street have come together to help America’s veterans. Thursday marked the first annual Veterans on Wall Street Conference, an event thrown to raise awareness of the value of veterans in the workforce. Twelve hundred veterans and their spouses turned out to the event at New York City’s Intrepid Sea, Air and Space Museum to meet with potential employers, network and learn job skills to help transition back into civilian life.
Stocks slumped across the board Friday, as uncertainty over the passage of a Greek austerity plan in addition to worries over Italian banks overshadowed a better-than-expected durable goods report.
Emerging Asia’s wealthy are getting richer twice as fast as their peers in other regions. For private banks, which generally seek clients with at least $1 million in investable assets, that sounds like a licence to print money. The FT reports.
The world's financial markets should take some of the blame for creating the precarious situation in Greece and the other troubled nations in the euro zone, Deutsche Bank CEO Josef Ackermann told CNBC Friday.
The talk of the second bailout of Greece is getting louder and louder. Greek Prime Minister Papandreou reshuffled his cabinet today appointed Evangelos Venizelos as finance minister, replacing George Papaconstantinou. Deutsche Bank’s CEO Josef Ackermann has been a leadership voice in the Eurozone on this issue. Maria Bartiromo spoke to Ackermann in a CNBC Exclusive about the implications of this bailout.
France's Sarkozy and Germany's Merkel had a problem: Germany wanted a haircut for bondholders, France did not. Now there is some kind of compromise, as Merkel said she would back "voluntary" debt rollover.
Global regulators are poised to set tighter capital requirements for about 30 of the world’s biggest banks, to ensure the next financial crisis can be contained, the FT reports.
Stocks traded higher Thursday after a handful of mixed economic news and as investors snapped up beaten-down stocks following a selloff in the previous session over Greece's growing debt worries.
Stocks have given up all of Tuesday's gains midday on more concerns over the Greek debt crisis. While protests over government cutbacks continued in Athens, stocks dropped further as European markets closed and as the Euro weakened.
The news that the SEC is investigating Merrill Lynch’s role in putting together complex mortgage related securities for the hedge fund Magnetar is sending chills through Wall Street offices.
Euro zone finance ministers are meeting on the debt crisis - again. But this strategist isn't expecting much.
One of several tech companies to issue IPOs recently, Boingo Wireless had seen its stock drop almost 40 percent since its May 4 debut on the NASDAQ this morning.
Nearly one year after Congress passed financial changes to rein in the banking sector, more than two dozen of the legislation’s rules are behind schedule, and no end to the wrangling over details is in sight, the New York Times reports.
Deutsche Bank downgraded Tiffany & Co today, warning that the stock is "priced to perfection." Tiffany had been rated a "buy" and now it is a "hold," according to Deutsche Bank.