After the tech sector's brutal selloff and this year's strong run for utility and healthcare stocks, investors are now eyeing a shift into "cyclical" names.» Read More
One year since the week that shook UK financial markets, the government is still looking for a solution for the banks in which it now is a shareholder and for ways to kick start the economy and make sure a banking crisis doesn't happen again.
Question: how far will executives at America’s banks take their determination to regain control of their businesses and escape government regulations attached to TARP?
Both the Dow and S&P 500 closed higher on Friday as investors focused on the bright side of a mixed payrolls report. So, what's in store for Tuesday?
Following are the day’s biggest winners and losers. Find out why shares of Coca-Cola and Textron popped while Lloyds Banking and the Homebuilders ETF dropped.
On paper, Winfried F. W. Bischoff — whose most recent job was a brief stint at the helm of the heavily damaged Citigroup — has all the qualities one would expect in an incoming chairman of the equally troubled Lloyds Banking Group, one of Britain’s most storied banking names.
Lloyds Banking Group's shares fell 5 percent Monday, dragging down the FTSE, after reports in the UK press that it was considering a share issue to try and loosen the government's grip.
Shares in software group Sage, the UK's biggest software company, rose to the top of the FTSE 100 Tuesday as the company said it expected its results to be in line with expectations.
Shares in publishing group Pearson surged by nearly 10 percent, topping the FTSE, after it reported strong earnings due to a rise in its educational publications business, the largest in the world.
Lloyds Bank topped the FTSE 100 Monday, jumping 6.3 percent, with the banking sector in Europe pulling indexes up after reports that CIT Group has worked out a solution to escape bankruptcy.
Shares of Friends Provident rose to the top the FTSE 100, gaining 5.1 percent, after restructuring-firm Resolution confirmed it was looking to buy the U.K. insurer.
Indicted Texas billionaire Allen Stanford says the federal government has "coordinated an attack" on his constitutional rights.
Lloyds Banking Group said Tuesday that it expects to cut nearly 1,800 jobs in its group operations and wholesale divisions over the next three years as it consolidates the merger of Lloyds TSB and Halifax/Bank of Scotland.
Goldman Sachs raised British bank Lloyds Banking Group to "buy" from "neutral," adding it to its conviction buy list, the bank said in a research note quoted by Reuters. Lloyds shared have topped the FTSE index Monday, rising nearly 7%.
European credit spreads edged wider and gilts and bunds prices tumbled Thursday, after the US Treasury's 'sloppy' auction which reinforced investors' expectations that the Federal Reserve will have to raise rates sooner rather than later.
The UK's Financial Services Authority released details of its banking stress-test methodology on Thursday. I’m a big fan of stress-testing myself (in the form of sport rather than economics) and this weekend I face my toughest stress test to date: my first-ever half ironman.
The Lightning Round is extended in this CNBC.com exclusive feature.
More companies announced layoffs this week as the employment picture continued to dim.
Bernanke is scoring big points on Wall Street for his 60 Minutes interview last night - his belief that the recession may end this year, but more importantly he laid out why stabilizing the financial sector is critical and why the government needs to continue to maintain a VERY aggressive approach to the crisis.
Barclays shares jumped Tuesday as Credit Suisse upgraded the stock to "outperform" from "neutral", saying there are chances the bank will use the government's asset protection scheme.
A big pharmaceutical deal is doing nothing to help stocks pre-open. Once again stocks overseas are being led down by banks.