The bank is facing a suit by a former client over alleged fraud involving links to Malaysian Prime Minister Najib Razak. » Read More
Plus, Cramer highlights why Obama could be good for defense stocks and why Goldman Sachs had the right idea for balance sheet management.
Many of the recent fixes in the financial sector are merely "window dressing" and problems still persist in the banking sector, says veteran baking analyst Michael Mayo.
Here's our Fast Money Final Trade. Our gang gives you Monday's best trades, right now!
Banks might be back to their old tricks. There’s speculation some are colluding to swap assets at inflated prices using taxpayers' dollars!
Yesterday's news that the Financial Accounting Standards Board (FASB) will "loosen" the mark-to-market rules that have led to widespread securities write-downs was received positively by investors.
Stocks turned mildly positive as investors looked to close out the week's rally on a positive note.
Stock futures turned lower after initial enthusiasm waned after a report showed continued steep job losses in the US economy.
What if you could put words in the Mad Money host’s mouth? What would you say? Here is your opportunity.
The Dow advanced Wednesday as factory and home sales data raised hopes the economic downturn is moderating, at least somewhat.
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Wednesday: Pending sales of existing U.S. homes inched upward but home values keep slipping. Job losses in the U.S. private sector accelerated more than expected in March but planned layoffs are down. Pres. Obama urged unified action at the G20 meeting. Four regional banks were the first to pay back TARP funds. CNBC heard from experts who said the market will make a major move around Easter — and went overweight in stock portfolio allocation.
The sooner those banks which don’t need Federal Government loans – Goldman Sachs? Morgan Stanley? Wells Fargo? – can repay them, the better.
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.