HSBC conducted its own investigation three years ago into a $3.5 billion currency trade that US prosecutors now believe was criminally fraudulent. » Read More
As we get underway in the US, I have to think back to last week when US President Barack Obama told us all to go long equities. "Buying stocks is potentially a good deal if you have a long term perspective on it."
More companies announced layoffs on Wednesday as the employment picture continued to dim.
Stocks took off like a rocket Tuesday, with the Dow gaining a whopping 5.8 percent, as banks rallied after a combination of encouraging news from the sector. The Nasdaq jumped 7.1 percent.
Stocks pared some of their earlier gains but were still up sharply on renewed confidence about the financial sector.
Financial stocks are rallying Tuesday. Is the market bottom starting? Frederic Dickson at D.A. Davidson & Co. and Jack Ablin at Harris Private Bank offered their insights to investors.
US stock index futures pointed to a higher open for Wall Street after Monday's selloff and with some good news emerging from the banking sector.
Following are the day’s biggest winners and losers. Find out why shares of Geron and Wells Fargo popped while HSBC and Proctor & Gamble dropped.
A big pharmaceutical deal is doing nothing to help stocks pre-open. Once again stocks overseas are being led down by banks.
At least two dozen US and European banks benefited from the rescue of AIG, with about $50 billion paid out to them since the Fed first gave aid to the insurance giant, the Wall Street Journal reported.
The number of job cuts continued to soar this week, reflecting the worsening US recession. The nation's unemployment rate bolted to 8.1 percent in February, the highest since late 1983, as cost-cutting employers slashed 651,000 jobs.
The number of job cuts continued to soar this week, reflecting the worsening US recession.
Stocks ended a yo-yo session lower Tuesday, with the S&P ending a few points below the 700 mark as investors remained on edge.
Stocks wobbled Tuesday as worries that sent stocks to 12-year lows on Monday persisted.
Despite a rash of recent cuts, playing dividends continues to be an important tool for investors, financial advisers say.
Stocks opened higher Tuesday, following the worst start to the month of March on record for the market. The latest government bailout of AIG pushed stocks to a 12-year low on Monday.
US stocks headed for a positive open Tuesday, following the worst start to the month of March on record for the market. The latest government bailout for American International Group helped to send stocks to a 12-year low in the Monday session as fears for the financial sector dragged on sentiment.
Global stocks were mixed Tuesday after the major selloff the previous day. Markets have been shaken by concerns that the global financial sector woes are deepening.
Deep concerns about the health of financials pushed the Dow Jones industrial average to another bear market low; its first drop below 7,000 in more than 11 years.
The Dow Jones Industrial Average hit its lowest level in 12 years, slipping below 7,000, then 6,900 and then 6,800, as another bailout of insurance giant AIG stirred fear about the stability of the financial system.
The Dow Jones industrial average fell below 7,000 for the first time in more than 11 years as investors grew pessimistic about the health of banks, and in turn the economy.