The U.S. pay czar on Friday issued his latest crackdown on bailout recipients, ruling that cash salaries will be mostly limited to $500,000 for the next tier of top earners.
Wells Fargo has joined a growing list of banks that are exploring options to return government bailout money, CNBC has learned.
As end of the year approaches, investors look ahead to 2010 and where they can invest their money. Robert Weissenstein, Credit Suisse's chief investment officer for private banking—Americas, shared his outlook.
The Dow and S&P closed higher on Thursday as investors bet on a year-end rally with money rotating into the technology sector.
Stocks advanced, following encouraging reports on jobless claims and the trade deficit. Budding optimism about the recovery made consumer-discretionary stocks the day's best performer. Disney led the Dow.
Goldman Sachs announcement that they will pay their top 30 managers their 2009 bonuses in restricted stock is an appropriate response to the concerns about executive pay, but don't kid yourself: it is unlikely to quell the criticism of Goldman or the banking industry.
Goldman stepped into the market spotlight midday, after the firm said its top executives will receive stock instead of cash bonuses this year. Is that a buy signal?
Stocks pared their gains Thursday after a disappointing 30-year auction. Stocks had been higher all day after encouraging reports on jobless claims and the trade deficit. Budding optimism about the recovery made consumer-discretionary stocks the day's best performer. Disney led the Dow.
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JP Morgan bounced off technical support levels today, and one trader is repositioning for the upside.
Treasury Secretary Timothy Geithner told Congress on Wednesday that the administration will extend the government's TARP until next fall, saying it's needed to protect against fresh economic shocks. Chris Kotowski, of Oppenheimer & Co, and Jeff Harte, of Sandler O'Neill, discuss how the extension will affect the financial sector.
The S&P closed lower on Tuesday as negative developments in global credit markets rekindled interest in the dollar, which in turn took down the commodities trade.
Financials have been lagging the broader market, so should investors still be putting their money into the sector? David Kotok, chairman and CIO of Cumberland Advisors, and Peter Costa, president of Empire Executions, shared their outlooks.
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Financials will be in focus on Tuesday, as BofA's board meets on a new CEO; bank execs speak before a Goldman Sachs conference, and influential bank analyst Meredith Whitney appears on CNBC's "Squawk Box."
After hours, investors poured over comments from FedEx as they tried trying to determine how the company's revised outlook could influence Tuesday’s trading.
On the surface Friday's strong jobs number seems like a welcome sign. But underneath it could signal trouble for the market.
Stocks closed sharply lower, led by a selloff of financial shares. What should investors be watching for in the next few weeks? Alec Young, equity strategist at Standard & Poor’s shared his market outlook.
A day after Bank of America announced that it would repay its federal bailout money, Citigroup and Mr. Pandit, its chief executive, were left in the uncomfortable position of being the last of the Wall Street giants to remain tethered to the state, the New York Times reported.
Both the Dow and S&P closed lower on Thursday with selling accelerating into the close largely due to jitters about Friday’s jobs report.