While many Wall Street firms narrowly escaped Lehman’s fate some have emerged even stronger.
Euphoria fades Monday as the market digests previous days' events. Japan's Mitsubishi seeks a piece of Morgan Stanley—killing hopes for a Morgan/Wachovia merger. And NYSE adds 30 stocks to the "no short" list.
The Bush administration and Congress step up talks Sunday on an historic $700 billion bank bailout — racing the clock to stem further financial market turmoil.
The Treasury plans to re-create the Resolution Trust Corporation. Calpers says it will no longer loan out shares of Goldman Sachs and Morgan Stanley to short sellers. Central banks worldwide announce plans to support money markets.
Down to the final Six: The shortlist for the fifth annual Financial Times and Goldman Sachs Business Book of the Year Award was announced today.
The markets continued to inch up yesterday, posting gains for the seventh time in 8 days and are looking up again this morning on the open. While the Dow and S&P have mostly been up fractionally on those days over the past couple of weeks – string together those smaller gains, and notice they have rallied a notable 4% and 6%, respectively, since September 2.
One year ago today, "too big to fail" became a key topic of debate. As the markets were already digesting the Lehman Brothers bankruptcy, the insolvency of Bear Stearns, Bank of America's buyout of Merrill Lynch, and the government takeover of Freddie Mac and Fannie Mae, the possibilities that no company was safe or too big to fail was on investors panic stricken minds. When AIG received its first installment of bailout funds, failure was no longer an option.
It seems like the investors are struggling with a slew of tough questions about banks. But only one really matters; which bank should you own now?
On Tuesday, even "good" financials start out looking pretty bad: Goldman Sachs' earnings plunge and AIG scares investors again. But volatility makes the market hard to predict.
Officials of Morgan Stanley are quoted as saying Treasury Secretary Hank Paulson's plan to tackle the financial crisis gripping the country is a potential "game-changer."
Cash-for-clunkers may have pushed retail sales higher, but the road to recovery is likely be a bumpy one, say economists.
Cramer can’t understand why the president sounded so downbeat on Monday, especially when there were plenty of reasons to feel positive.
On Monday, the weekend's turmoil starts taking its toll. Stocks fall sharply Monday on a triptych of Wall Street woe: Lehman Brothers' bankruptcy filing; Merrill Lynch's acquisition by Bank of America; and AIG's unprecedented request for short-term financing from the Federal Reserve.
The average return for September since WWII is about negative one percent. So with the S&P 500 up about two percent so far, what's behind this September's surprise gains?
One year ago, at the epicenter of the credit crisis, Lehman Brothers went dark, marking the biggest bankruptcy in U.S. history. The bankruptcy sparked a financial crisis that questioned the viability of the entire U.S. financial system driving many investors to short the financial sector at heightened levels.
Abolish the Federal Reserve and let AIG go bankrupt for the world economy to emerge cleaner from the financial meltdown, legendary investor Jim Rogers told CNBC a year ago. A year after Lehman Brothers collapsed, here is what Jim Rogers tells CNBC:
What if they’d saved Lehman Brothers? What if, a year ago this weekend, the government and the banking industry had somehow found a way to keep Lehman from filing for bankruptcy? How might that have changed the course of the financial crisis?
One year after the collapse of Lehman Brothers, the surprise is not how much has changed in the financial industry, but how little, reports the New York Times.
Stocks snapped a five-day winning streak Friday as a sharp drop in oil prices and profit-taking offset an improvement in consumer confidence and a rosier outlook from economic bellwether FedEx. Still, for the week, stocks gained 1.7 percent.
Oil is down on demand fears yet transports are higher on promising signs of a global recovery. What's the market telling us?