In a sign of Wall Street’s resurgent influence, bank lobbyists are aiding lawmakers in preparing legislation that softens regulations of the financial industry.» Read More
Bank of America Corp. fell$. 07 or. 5 percent, to $13.14. Citigroup Inc. fell$. 53 or 1.0 percent, to $50.01. Goldman Sachs fell $1.31 or. 8 percent, to $156.10.
The scenario raises concerns among many economists of what's become known as "sudden stops" in western investment flows to emerging markets- the most spectacular being the 1997/ 98 currency crises across Asia, Russia and Latin America but yet again at the height of the credit crisis in late 2008/ 2009..
In a sign of Wall Street’s resurgent influence, bank lobbyists are aiding lawmakers in preparing legislation that softens regulations of the financial industry.
Bank of America Corp. fell$. 10 or. 8 percent, to $13.21. Citigroup Inc. fell$. 47 or. 9 percent, to $50.53. Goldman Sachs fell $1.93 or 1.2 percent, to $157.41.
NEW YORK, May 23- For the past few months, the U.S. The Fed's evolving stance was made apparent by Federal Reserve chairman Ben Bernanke's remarks to Congress Wednesday, where he laid out the conditions that might cause the Fed to reduce its $85 billion a month buying of Treasuries and mortgage-backed bonds.
The department-store chain saw its loss more than quadruple — a big miss compared to what analysts had expected. Revenue, however, beat. Shares fell sharply after-hours.
WASHINGTON, May 23- Former Goldman Sachs banker Neil Morrison agreed to pay $100,000 to settle charges for his role in a pay-to-play scheme involving a Massachusetts gubernatorial campaign, the largest such penalty paid by an individual, the U.S. Securities and Exchange Commission said on Thursday.
The "Fast Money" traders share their final trades of the day.
May 23- ChannelAdvisor Corp shares soared more than 40 percent in their market debut on Thursday as investors bet the e-commerce software company will benefit from the rapid global spread of online buying and selling. Global Brass and Copper and Ply Gem Holdings rose less than 20 percent and Constellium declined 5.5 percent.
SALT LAKE City, May 23- After dozens of meetings with executives and regulators, 100,000 hours of employee training and an immeasurable amount of public grief, Goldman Sachs Group Inc CEO Lloyd Blankfein claimed success in putting his bank and his legacy back on track.
*Rue21 shares up 23.2 pct premarket. Rue21 said on Thursday that Apax, whose old funds already own a 30 percent stake in the company, will pay $42.00 per share in cash, representing a premium of 23 percent to its Wednesday close.
Bank of America Corp. fell$. 04 or. 3 percent, to $13.27. Citigroup Inc. fell$. 63 or 1.2 percent, to $50.37. Goldman Sachs fell $1.96 or 1.2 percent, to $157.38.
SALT LAKE City, May 23- After dozens of meetings with executives and regulators, 100,000 hours of employee training and an immeasurable amount of public grief, Goldman Sachs CEO Lloyd Blankfein is claiming a victory in getting his bank, and his legacy, back on track.
Bank of America Corp. fell$. 34 or 2.6 percent, to $12.97. Citigroup Inc. fell $1.55 or 3.0 percent, to $49.45. US Bank fell$. 37 or 1.0 percent, to $35.00.
LONDON, May 23- Copper reversed the week's gains, sliding as much as 3 percent on Thursday after a survey showed factory activity in top metals consumer China shrank for the first time in seven months. China is the world's biggest consumer of industrial metals, taking 40 percent of the global supply of refined copper.
*Coming Up; U.S. jobless claims 1230 GMT. LONDON, May 23- Copper reversed the week's gains, sliding as much as 3 percent on Thursday after a survey showed China's manufacturing sector contracted, but a shutdown at one of the world's biggest mines in Indonesia helped cap losses.
Japan is in the middle of a "big monetary experiment," from which market volatility should be expected, Ben Broadbent, a member of the Bank of England's Monetary Policy Committee, told CNBC.
Sinopec made a lackluster market debut on Thursday, casting doubt on a nascent recovery in IPO issuance in the city as investors remained cautious because of a weaker local stock market.
It’s time for the Lightning Round. Cramer makes the call on viewer favorites.
Bank of America Corp. fell$. 13 or 1.0 percent, to $13.31. Citigroup Inc. fell$. 66 or 1.3 percent, to $51.00. Goldman Sachs fell $1.39 or. 9 percent, to $159.34.