Gold settled at its lowest level since in more than eight months as the dollar index jumped to a four-year peak after the Federal Reserve signaled that a faster hikes.» Read More
Banks stocks dragged down the broader stock market on Wednesday with Merrill analyst Richard Bernstein writing the credit crisis is “far from over.”
From mid-July to late July short interest dropped 5.34 percent, on average, in the shares of 17 major financial firms affected by the U.S. Securities and Exchange Commission emergency short-selling rule, according to the latest data from the exchange.
HSBC Holdings has submitted an updated application to acquire a 51 percent stake in Korea Exchange Bank, South Korea's Financial Services Commission (FSC) said on Tuesday.
That sinking feeling: Kirby Daley, strategist at the Newedge Group, says the U.S. is in recession and he expects a 15 percent to 20 percent drop in the Dow -- in the near future.
Mixed economic news this morning, as personal income and spending was better than expected; but a measure of inflation was stronger than expected. And once again, bank jitters are an issue for the market.
Europe's biggest bank HSBC reported a 28 percent fall in its first-half profit, in line with forecasts, as a $14 billion hit on bad debts on U.S. home loans and asset writedowns offset strong Asian growth.
HSBC said on Monday it was ready to submit an updated application to South Korean authorities on its bid for Korea Exchange Bank but declined comment on a local media report that it was negotiating to cut the purchase price.
Outdoor advertising is a growing category — not just billboards, but increasingly, weird publicity stunts that often go awry, The New York Times reports.
Europe's biggest bank HSBC Holdings said it did not receive regulatory approval to buy a majority stake in Korea Exchange Bank by a Thursday deadline , but is expected to stand firm on the $6.3 billion deal.
Despite their record breaking profits, Exxon Mobil dragged the Dow lower Thursday after its earnings fell short of Wall Street's expectations. Also comments from Alan Greenspan made on CNBC added to the downward momentum.
It's been a rough year for financial counters, with banks hard hit by the fallout out of the subprime crisis and the subsequent credit crunch. This week, we chart HSBC Holdings and use the RSI to predict trend changes.
U.S. private equity firm Lone Star on Thursday dismissed reports it had discussed the sale of Korea Exchange Bank with other parties than planned buyer HSBC, though prospects for the $6.3 billion deal remain uncertain.
The SEC issued its emergency ruling against naked short-selling Tuesday to build investor confidence regarding market information, SEC Chairman Christopher Cox told CNBC.
Wilbur L. Ross Jr. made an $80 million investment in the flailing Indian airline SpiceJet, saying that high oil prices are a bubble that should pop in the next 12 months.
U.S. securities regulators issued an emergency rule Tuesday to limit certain types of short selling in major financial firms, including Fannie Mae and Freddie Mac.
Fearing the two largest U.S. mortgage finance companies need a government bailout, investors pushed stocks lower Friday. What's the "Word On The Street?"
U.S. private equity house Lone Star could offer shares in Korea Exchange Bank in a block sale if the pending $6.3 billion deal to sell control of KEB to HSBC falters, KEB's chief executive said on Thursday.
HSBC, the giant London-based bank, has moved its North American headquarters to a sprawling facility that it bills as carbon neutral in this hamlet about 30 miles north of Chicago, The New York Times reports.
The Dow closed higher Tuesday after GM surprised Wall Street with stronger-than-expected June sales and financial shares reversed earlier losses. What's the "Word on the Street?"