KeyCorp is planning to acquire First Niagara for $4.1 billion in what would one of the largest deals in 2015 among regional banks.» Read More
The government may view Bank of America and Citigroup as too big to fail, and dozens of smaller banks may soon find that size matters for them as well, the New York Times reports.
Housing starts and permits were well below expectations, but in the topsy-turvy world today many traders believe that the lower the starts and permits the better, since it means less inventory that needs to be worked off.
SunTrust, KeyCorp, Fifth Third, Comerica report substantial losses on writedowns or setting aside cash to cover loan losses.
A wash of earnings news and weekly jobless claims will help decide the market's course Thursday, but there's a good chance there will be follow through to Wednesday's rally.
Stocks will struggle with a heavy dose of bad earnings news that could dash investor hopes for an Obama rally in the week ahead.
For the week: Dow down 3.7 percent, S&P 500 down 4.5 percent, NASDAQ down 2.7 percent. The good news was that, on an options expiration day, most major sectors were to the upside.
Following are the day’s biggest winners and losers. Find out why shares of Fortress Investment Group and Infosys popped while Sony and Barclays dropped.
Drifting lower on light volume: is this what the first quarter of 2009 will look like? Stocks moved lower today, with declines accelerating midday, but a rebound in the last half hour limited the losses.
"I dread looking at Wall Street tomorrow. It's not going to be a pleasant sight." Senator Harry Reid, Thursday night. Gee, Mr. Senator, don't get into the stock commentary business.
Citigroup’s board will likely convene today to discuss many of these alternatives. This comes after the stock has lost half of its value this week, as it closed below $5 yesterday
The Treasury Department's $700 billion bailout plan, also known as the Troubled Asset Relief Program (TARP), is one of the main U.S. tools to address the financial crisis.
As investors continue to debate whether the stock market could be near a bottom, data for the last twelve bear markets indicates that, on average, it took the Dow three years to reach its previous highs.
Like we told you days ago consolidation in the financial services sector appears to be taking hold.
Will access to the Treasury's rescue fund spark mergers among regional banks?
In a step that could accelerate a shakeout of the nation’s banks, the Treasury Department hopes to spur a new round of mergers by steering some of the money in its $250 billion rescue package to banks that are willing to buy weaker rivals, according to government officials.
Stocks rallied to the finish line after another volatile session as signs began to emerge that credit markets may be defrosting. The Dow gained more than 400 points.
Stocks were higher in a wobbly session as investors digested remarks from Federal Reserve Chairman Ben Bernanke and Treasury Secretary Hank Paulson.
As of about midday on Tuesday, the markets have swung between being positive, negative and flat for the day. Which companies are withstanding the volatility and sustaining their gains since Friday's close?
The US government will 1) take a $250 billion equity stake in the form of preferred shares which cannot be redeemed for three years, 2) guarantee bank-to-bank lending, and 3) remove deposit insurance levels for non-interest bearing accounts.
For the week ending Friday, October 3, 2008, the major U.S. Indices declined steeply on continued uncertainties over the financial bailout / rescue plan, concerns in the credit markets and more economic deterioration.