Some of the world's biggest banks have been hit with a 1.71 billion euros ($2.3 billion) fine for interest rate-rigging by traders.» Read More
Wall Street looks set to start the week in negative territory as stock index futures pointed lower on renewed fears for the fate of the economy.
Cramer makes the call on viewers' favorite stocks.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The Dow ended a dismal week lower on Friday as investors grappled with anxiety about the broader economy. Here's the word on the Street.
Today is the one year anniversary of HSBC's first subprime meltdown related write-down. HSBC was amongst the first to actually increase write offs due to the subprime mess. Here are some stats comparing today to one year ago...
Stock prices are a bit squishy this morning. There is little on the data front, with wholesale trade at 10 a.m. the only number to watch today. Congressional votes late yesterday approving an economic stimulus plan should be a psychological boost.
Shares in Societe Generale jumped more than 6 percent Wednesday on market speculation that major bank HSBC was making a bid for the French bank.
It is a feature of French business life that politicians feel they should comment widely on and influence the outcome of corporate decisions. This time they should butt out.
Crisis counselling will replace cosy dealmaking at the business and political summit in Davos this year as bankers face a market slump that has aggravated the worst conditions in generations.
Stocks finished little-changed after another up-and-down session.
Berkshire snaps up the Dutch bank's reinsurance company, NRG, for $435.2 million, while Citi and HSBC are reportedly also interested in shedding parts of their businesses.
Top European lender HSBC Holdings, which is building up its global insurance business, may strike a distribution partnership in fast-growing China in 2008, its Asia chief said on Wednesday.
Futures drop about 6 points on CPI stronger than expected. Elsewhere: 1) Following HSBC and others, Citi said that it's bringing its $49 billion in SIV assets on its balance sheet. Taking this exposure onto their balance sheet can be viewed as a surprise--they had previously indicated that they would not take on any exposure beyond the $10 billion in liquidity funding they provided to the SIVs.
A late-day selloff pushed the major stock averages down 10% from their highs, meaning the market is now officially in a correction.
The U.S. Federal Reserve and European Central Bank announced plans to pump more funds into troubled money markets to give banks enough cash to tide them through a year-end squeeze.
HSBC Holdings, Europe's biggest bank, has stepped in to support its two structured investment vehicles -- Cullinan and Asscher -- with funding of up to $35 billion to prevent forced sales of assets.
Gains in energy shares helped European equities end more than 1 percent higher on Tuesday, paring the previous session's 2 percent fall.
Wells Fargo believes the nation's housing slump is the worst since the Great Depression and is far from over, Chief Executive John Stumpf said Thursday.
Several financial institutions have been telling investors that subprime losses may not be as big as feared. Yet many wonder if it's all just wishful thinking.
US stocks closed an uneasy session lower as investors, uncertain if the worst of the credit crisis is over, refrained from extending Tuesday's huge advance.
European shares rose for the third straight day on Wednesday led by British bank HSBC, which reported higher profits, but analysts and traders said sentiment was fragile and big investors cautious.