Japan’s earnings season is swinging into full gear, and the strong performance by major companies is expected to continue into the next year.» Read More
RIVERHEAD, New York— Closing arguments are expected to be held Tuesday in the trial of a New York City investment banker accused of raping an Irish tourist on Long Island. Former Goldman Sachs executive Jason Lee has pleaded not guilty to raping a 20- year-old woman in the bathroom of an East Hampton home he rented in the summer of 2013.. The victim returned from...
FRANKFURT, April 27- A radical plan for Deutsche Bank to become a pure investment bank and corporate lender was dropped after stress tests demanded by the European Central Bank concluded the model would not withstand a severe financial crisis, sources said. Deutsche Bank, Germany's biggest lender, has spent much of this year looking at ways of reconfiguring its...
Bank of America Corp. fell$. 08 or. 5 percent, to $15.56. Citigroup Inc. fell$. 10 or. 2 percent, to $52.80. Goldman Sachs fell $1.47 or. 7 percent, to $196.52.
ATLANTIC CITY, N.J.— On Monday, New Jersey casino regulators told a bankruptcy court it can't transfer the license of Atlantic City's former Revel casino to new owner Glenn Straub. That's because utility company ACR Energy Partners cut off service to the building on April 9— two days after Straub bought it— in the absence of a contract for future service there.
Bank of America Corp. fell$. 02 or. 1 percent, to $15.62. Citigroup Inc. fell$. 01 or percent, to $52.89. JPMorgan Chase fell$. 02 or percent, to $62.58.
Despite the decline in the female veteran unemployment rate, women vets still lag behind their male counterparts.
Bank of America Corp. rose$. 09 or. 6 percent, to $15.73. Citigroup Inc. rose$. 35 or. 7 percent, to $53.25. Goldman Sachs rose $1.01 or. 5 percent, to $199.00.
How did that UK trader allegedly cause the "flash crash?" Ex-trader Raj Malhotra breaks it down.
*U.S. rig count drops to lowest since 2010- Baker Hughes. *Fighting escalates in Yemen, no resolution in sight. SINGAPORE, April 27- Brent crude prices held near a 4-1/ 2 month high above $65 a barrel on Monday, supported by concerns over fighting in Yemen disrupting Middle East supplies and signs that U.S. shale output may have started to decline.
China shares have surged this year, but with active fund managers still underexposed to the market, the rally isn't over, Goldman Sachs said.
*Legal reserves at 4.8 bln euros, contingent liabilities up. FRANKFURT, April 26- Deutsche Bank's earnings fell by half in the first quarter, a greater-than-expected drop as hefty legal charges eroded gains in investment banking revenue, while it prepares to unveil details of a strategic overhaul. Deutsche has so far positioned itself as Europe's "last man...
CNBC Pro highlights the three best strategy notes that came across our desk this week.
Bank of America Corp. fell$. 05 or. 3 percent, to $15.64. Citigroup Inc. fell$. 32 or. 6 percent, to $52.90. Goldman Sachs fell $1.32 or. 7 percent, to $197.99.
U.S. stocks closed higher on Friday, with the Nasdaq setting another record as investors cheered major earnings reports.
Reuters reported earlier this month that Pure Storage Inc has hired banks in preparation for an IPO, one year after a private placement valued the data storage company at more than $3 billion. The San Jose, California- based company counts the U.S. Army, Starbucks Corp and eBay Inc among the thousand-plus customers for the infrastructure it builds for data...
Bank of America Corp. fell$. 04 or. 3 percent, to $15.65. Citigroup Inc. fell$. 25 or. 5 percent, to $52.97. Goldman Sachs fell $1.09 or. 5 percent, to $198.22.
The financial community—including Steve Schwarzman, Ken Griffin and Steve Cohen—will once again figure prominently at Milken.
*Euro zone banks best relative value since 2012- Barclays. LONDON, April 24- European banking shares, shunned by investors after the lenders accrued a spate of expensive fines and were hit by restrictive new regulation, are attracting interest again as the outlook for lending improves and valuations look to be bottoming out. Morgan Stanley and Goldman Sachs said...
Bank of America Corp. fell$. 01 or. 1 percent, to $15.68. Citigroup Inc. fell$. 27 or. 5 percent, to $52.95. Goldman Sachs fell $1.30 or. 7 percent, to $198.01.
Some of the names on the move ahead of the open.