Four small banks became the first to return millions of dollars of emergency aid, and more may soon follow as the industry tries to escape what it considers the onerous conditions attached to the government’s money.
Barclays is in exclusive talks to sell its iShares asset management unit to CVC Capital, Barclays president confirmed to CNBC.
Ray Iwanowski and Mark Carhart ran Goldman's spacer flagship Global Alpha hedge fund and announced their retirement Tuesday. Giorgio De Santis, Managing Director, is also leaving Goldman according to a person familiar with the matter.
Warren Buffett's official biographer calls Byron Trott a "perfect candidate" to eventually take over at Berkshire Hathaway, now that Buffett's favorite investment banker has left Goldman Sachs. But another prominent Buffett watcher says there's "no chance."
Warren Buffett tells the Wall Street Journal that Berkshire Hathaway plans to invest in a new firm to be created by one of the few investment bankers to ever win his respect. Byron Trott is leaving Goldman Sachs to start his own merchant-banking firm to be called BDT Capital Partners.
Our Erin Burnett spoke with several bank CEOs as they emerged from a meeting with the President. While no hard news was made, the level of contentiousness seems to be much lower.
The S&P Financials Sector is now up ~60% since March 6. Given this huge run, it looks like the shorts are back. Here is a look at how the short interest in these beaten companies has changed over time.
A specific policy change from Washington would put this sector back on its feet. Here are the stocks that might benefit most.
After more than 25 years, this stock is still a Cramer favorite.
Stocks rallied for a second straight day on Thursday on increasing optimism that the economy's worst days are over.
How in the world do Wall Street and Washington restore trust with the American public? It's a question both sides have wrestled with for months. But we're tackling it tonight on our CNBC special, "Restoring Trust: How to Fix America's Economy."
"This book will be my account of our challenges as first responders in dealing with a once- or twice-in-100 years global credit crisis, armed with imperfect information and limited powers," says Henry Paulson about the book he is planning to write for the Fall.
The so-called stress test for banks should not only prove which financial firms are stable — but should go a long way toward shoring up investor trust in financial stocks. So said Jeremy Siegel, professor of finance at Wharton School at The University of Pennsylvania.
For the last several months, Americans have looked to Washington to lead them. But where’s the leadership on Wall Street?
Isn't it just a little suspicious, after all, that the sector that showed the greatest appetite for MBAs was the most grotesquely mismanaged? In fact, the economic crisis has exposed long-standing flaws not just in the modern approach to business education but in the very idea of business education.
Wednesday was a nutty day. The scheduled economic news was better than expected following the recent trend of news reports.
President Obama has spent much of his first 65 days in the White House all but inciting a riot on Main Street by torching its abundant anger at Wall Street.
Art Cashin, UBS Financial Services director of floor operations, offered CNBC his outlook for Wednesday's market.
Up and down Wall Street, bankers and traders sharpened their pencils on Tuesday as they began the complex financial calculus of the latest bank rescue plan. Their goal: to find ways to profit from it, the New York Times reports.
Hedge funds and mutual funds have reconsidered their bearish sentiments now that the market is turning. Retail investors, take note.