The bank is facing a suit by a former client over alleged fraud involving links to Malaysian Prime Minister Najib Razak. » Read More
The financials were up on Wednesday after Washington seemed to take the market's worst-case scenario off the table.
The bank stress tests may not only be misguided policy, critics say, but may actually conflict with two other key government initiatives to stabilize the financial system.
As we get better economic news, stocks set the bar higher. I noted this morning that "less bad" was no longer good enough to move stocks forward, the new standard is "much less bad," and even that may not last long.
Word that Bank of America may need to raise an additional $34 billion couldn’t drag down banks stocks. Even on terrible news they're still climbing!
The Fed does not mind if private equity firms have a minority interest in banks — the Obama administration even wants them to invest. But the Fed will not let them take control, a stance the firms are lobbying regulators mightily to change, especially given that stress test results to be released Thursday are expected to show a glaring need for capital in the banking system.
Following are the “Fast & Furious” trades - hot ways to play Wednesday's market moving events.
Both the Dow and S&P 500 dipped on Tuesday as cautious investors cashed out ahead of bank stress test results.
Bold comments from Chairman Bernanke suggest a recovery is at hand. What will it look like and how should you trade?
Cramer refutes the negativity that is affecting this market.
For critics of large executive compensation, these companies are extremely susceptible to criticism. Who are the highest paid top execs? Click ahead to find out!
As the markets look forward this week to the results of the stress tests, many believe the worst is past us and the rally will continue. Here is a look back at where many of the financials stand today relative to where they were just before Lehman Brothers went under.
Following are the “Fast & Furious” trades - hot ways to play all of next week's market moving events.
Uncertainty over bank stress testing and the billions in loan losses the institutions will have to cover poses a threat to the stock market rally.
They say the truth shall set you free. Well, it looks the banks are going to be really free.
Berkshire Hathaway's market value may be down about 30 percent since last year's shareholders meeting, and the economy may be the pits, but Omaha will still be this weekend's hot destination for Warren Buffett fans.
You know all those parallels being drawn between our recession and Nippon’s “Lost Decade”? Hogwash.
It seems that all the market wants to do is climb higher? How much longer can it keep that up?
What does today's Fed decision mean? BlackRock's Bob Doll offered CNBC his insights.
The FOMC statement was non-controversial. Two issues might have moved stocks forward: an increase in the amount of Treasuries being purchased, and a more optimistic tone on the economy.
Around lunchtime on Wednesday the S&P 500 was trading around 870 – a level that some traders believe could be a point of resistance for stocks. Can it break higher?