Take a look at some of Friday's midday movers:» Read More
Stocks slumped with the Dow and S&P on track for their third-straight day of losses Friday as uncertainty over the passage of a Greek austerity plan in addition to worries over Italian banks overshadowed a better-than-expected durable goods report.
It started with Italy — Moody's said it was considering downgrading the creditworthiness of Italian banks.
Global regulators are poised to set tighter capital requirements for about 30 of the world’s biggest banks, to ensure the next financial crisis can be contained, the FT reports.
A group of the largest US banks and fund managers stepped up the pressure on Congress and the Obama administration to reach a deal to increase the country’s debt limit. The FT reports.
Congress and the president stayed up late on Friday, but struck a last-hour deal to avert a shutdown of the federal government. On that news, traders will be eyeing various infrastructure and defense stocks which could move a little during today’s trade.
Britain's top banks are set to need more capital and ring-fence retail banking to shield taxpayers from another crisis in the most radical industry shake-up for decades, which may prompt some banks to leave.
Sir John Vickers’ Independent Commission on Banking is to recommend the creation of separately capitalized UK retail banking operations, ringfenced within big bank holding companies, according to three people familiar with the process.
Banks are yet shrugging off a fear of commitment.
Markets will stay sensitive to any developments with Japan's unfolding nuclear crisis or from Middle East trouble spots, and that could once more weigh on risk assets.
Concerns about the increasing use of super-injunctions by the wealthy to bar reporting of their activities have been raised by an MP as it emerged that Sir Fred Goodwin, the former chief executive of Royal Bank of Scotland, has obtained one, the FT reports.
Royal Bank of Scotland has awarded chief executive Stephen Hester £4.45 million of shares in a new long-term incentive package, bringing his total pay for 2010 at the state-backed bank to a maximum of £7.75 million.
In the last few weeks, a number of big banks have successfully bundled and sold new securities backed by commercial real estate loans. The NYT Reports.
Bob Diamond, the CEO of Barclays, told lawmakers on Wednesday the time for "remorse and apology" is over and attempted to convince politicians that "we need banks willing to take risks, to be confident and work with the private sector in the UK to create jobs and improve economic growth." Diamond said he wished the bonus issue could go away, and he might just get his wish.
Robert Diamond, the chief executive of Barclays Bank—and the highest-paid banker in the United Kingdom—took to the barricades to defend the right of bankers to be compensated with eye-popping sums.
Investors ran for the exits on Tuesday pushing the S&P sharply lower as overseas developments threatened to derail the very foundation of recent market strength.
A banker at RBS recently sent a scathing, anonymous letter to the British media: The letter is a rebuke of an IT culture at Royal Bank of Scotland that leaves employees with the sense that, in the author's words, "individual effort is never going to make any difference."
Dueling sentiments are tugging at President Obama as he is set to address the nation on CNBC Monday. One is that he’s been “too nice to Wall Street,” according to a CNBC poll; the other is that he’s anti-business, a consensus discussed on CNBC Monday.
Tuesday's retail sales and the NFIB small business survey could decide whether the September rally rolls on for another day.
There are nearly 50 trading venues. Customers can interact in all of them--making today's trading so complicated.
Reports that Microsoft may be planning a debt sale to pay dividends and buybacks makes perfect sense. Think of it this way: why not add leverage?