Goldman Sachs and Morgan Stanley would cease to exist under "living wills" drawn up to show how banks would handle bankruptcy in a crisis.» Read More
Goldman Sachs' no-bonus move immediately is prompting questions in the investor community about whether or not other banks will follow suit.
Stocks ended at their session lows Monday following the latest wave of dismal news: Retailers reported profit declines, big banks prepared for job cuts and Japan officially declared itself in a recession.
As recession fears continue to spread globally, investment banks like Goldman Sachs scramble to survive — and investment gurus alter their tactics and strategies to roll with the damage. CNBC's expert advisors gave their outlooks on what's coming and what to do about it.
Stocks wavered after a morning selloff as investors shrugged of the latest wave of dismal news: Retailers reported profit declines, big banks prepared for job cuts and Japan officially declared itself in a recession.
Stocks declined Monday as the latest wave of dismal news washed over Wall Street: Retailers reported profit declines, big banks prepared for job cuts and Japan officially declared itself in a recession.
The latest job cuts in the banking sector come amid an overall wave of layoffs across the United States as companies move to cut costs in the face of slackening demand and a general economic downturn.
Goldman Sachs Group CEO Lloyd Blankfein and six other top executives at the bank will not be receiving cash or stock bonuses for 2008, a spokesman said Sunday.
Another harrowing week on Wall Street has drawn to a close. Find out how the traders are playing it. Also check out our interview with celebrated strategist Ed Yardeni.
Markets are braced for more hemorrhaging in jobs, with a Friday employment report expected to record 200,00 more jobs vaporized in October. This would push the jobless rate up two-tenths of a point to 6.3 percent.
Eckhart's Peter Costa has three long-term stock picks, giants in their sectors — banking, industrials, and conglomerates — that all begin with G.
Stocks enjoyed a late-day rally Thursday after the S&P 500 broke through its Oct. 10 low — but the euphoria abruptly ended amid talk of a $14 trillion consumer debt pile, and layoff talk from Sun Microsystems and Dow Chemical. CNBC's expert guests offered their views on what's coming next.
Cramer makes room in the Sell Block today for a whole gang of misfits, based on analysis that Goldman Sachs released on Tuesday. Today's Sell Block detainees: life insurance companies like Lincoln, Hartford, Prudential and Principal. To put it simply, they're in "big trouble," according to Goldman's piece.
CIT Group said Thursday it has applied to the Federal Reserve to become a bank holding company, a move which would make the commercial finance firm eligible for funding under the government's $700 billion bank rescue program.
The traders say no, the market will not hold and Jeff Macke intends to dump any stocks into this false rally.
Shares of Warren Buffett's Berkshire Hathaway have closed at a two-year low. The Class A stock fell 3.2 percent to finish the day (Wednesday) at $103,333 each. It's the lowest closing price since October 27, 2006. CNBC's David Faber has been hearing that some investors are shorting the stock in the wake of Berkshire's earnings report.
If you're confused over changes in the TARP program CNBC's Steve Liesman thinks you could be missing something vital.
Stocks looked set to go three for three, opening lower once again as doubt about the effectiveness of government intervention seeped deeper into the market. The Dow fell nearly 200 points, or 2 percent, in the first few minutes of trading.
The NASDAQ broke the old closing low of 1505.90. We did not break the old closing low of 848.92 on the S&P set on October 27th, but we are very close. Let's not quibble.
Federal regulators are expected to release a memorandum of understanding as early as Friday outlining their plans to share information about the credit default swap market, according to a person close to the situation.
About 45 minutes before Fast Money was set to begin last night, we started to get some headlines from Goldman Sachs CEO Lloyd Blankfein...