Goldman said it would repurchase the securities sold to Fannie Mae and Freddie Mac over the 2005-2007 period.» Read More
New York's attorney general and securities regulators in several U.S. states are probing auction-rate securities and the role Wall Street firms had in enticing investors into the troubled $330 billion market.
Futures popped right after the close as Google reported strong numbers; up 10 percent. Major indices stable today, despite mixed earnings report. IBM, good, Marriott, ok on strong international sales, but Conway, Nokia and Pfizer were notable disappointments.
From evaluating a bank to investing in a retailer – how do the Fast Money pro’s do it? Following are their secrets.
First, Goldman Sachs said it. Now Lehman Brothers is saying it: "The worst of the impact of the financial markets is behind us," said Richard Fuld, chief executive of Lehman Brothers, at the firm's annual shareholders meeting today. Is he right?
Will this week’s cascade of bank and broker earnings show the worst is over – or could more writedowns be around the bend?
FGIC, whose main unit is a bond insurer, said on Monday it is looking at strategic alternatives to boost its capital and protect policy holders, including setting up a new insurer that would focus on municipal bonds.
Goldman Sachs Group, which for weeks denied it was cutting jobs, is slashing an undisclosed number of positions in mortgage and investment banking this month as weak markets erode its business.
Fed auction results Thursday may indicate a turning point in the credit crisis. Are financials poised to make a sustained rally?
JPMorgan's equities team has said financial stocks will help lead the market higher this year. Today, they held a call on the financial group and say they are still overweight, and they expect it to be one of the better performing sectors.
Citigroup is expected to report another big quarterly loss on April 18, but the actual numbers may be almost secondary.
With good news from Walmart and Goldman CEO Blankfein saying we are closer to the end of the current financial crisis than the beginning, the markets are rallying. Is Blankfein right or is it the calm before the storm?
Goldman Sachs Group Wednesday disclosed that it has received requests for information from "various governmental agencies and self-regulatory organizations" relating to auction products and the recent failure of such auctions.
A recent run-up in financials has many on Wall Street wondering if that sector is seeing a bottom. David Stepherson, of Hardesty Capital, and William Smith, of Sam Advisors weighed in on CNBC’s "Closing Bell" with their financial sector picks.
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The March jobs report (and the downward revisions in February) was a bit worse than expected, which is a disappointment for stock traders. Let's be clear: stock traders want signs of stability and bottoming in economic statistics. They DO NOT want weak numbers on the theory that the Fed will continue to cut rates. They will gladly trade less rate cuts for an improving economy.
Microsoft vs. Apple is just one of the exciting match-ups in this round of the Fast Money Madness tournament. Find out which companies make it to the Final Four.
Stocks logged another lackluster session Thursday in the wake of Tuesday's spectacular rally as the market digested a mixed bag of economic data and a congressional hearing on the Bear Stearns bailout.