Low oil prices are leaving many oil and gas companies with difficult debt loads, causing them to default at an extraordinary rate.» Read More
The investors said Citigroup looked askance at the loans' "abysmal performance."
In one respect, the Oracle of Omaha is having his first truly disappointing year since 1990.
U.S. stock futures were higher this morning, despite European equities being under pressure on security concerns after Friday's attacks in Paris.
SAN FRANCISCO— Wells Fargo& Co. is naming a long-time company veteran its president and chief operating officer, a new position. The San Francisco- based bank said Tuesday that Tim Sloan will take on the role effective immediately. The company announced last month it would buy General Electric's commercial lending business, which has roughly $32 billion in...
OMAHA, Neb.— Investor Warren Buffett's company sold some of its Goldman Sachs and Wal-Mart shares during the third quarter, and made several smaller changes to its stock portfolio. Berkshire Hathaway Inc. filed a report on its U.S. stocks Monday with the Securities and Exchange Commission. Buffett told CNBC on Monday that the main reason he reduced Berkshire's...
Can Apple pull off a successful mobile payment system in an already crowded space?
The service would allow consumers to "zap" payments from their checking accounts to recipients through their Apple devices.
Online finance tools that help people manage everything from investing and saving are being cut adrift by banks. NBC News reports.
Thousands of registered investment advisors are required to report past criminal charges.
“Mad Money” host Jim Cramer reveals what event could hurt the retailers this earnings season.
Jim Cramer says that just because the economy added more jobs, doesn't mean we should sell stocks. He lists the beneficiaries of a rate hike.
After the surging October jobs report, Jim Cramer says investors can expect bank stocks to start rising.
While the US has been busy worrying about "too big to fail," China's largest banks have just been getting larger, says analyst Dick Bove.
U.S. stock futures were higher this morning, after Wall Street gave up early gains Wednesday as Fed Chair Janet Yellen reiterated before a House panel the possibility a December rate hike.
Top US banks like Citigroup, Bank of America, Goldman Sachs and JPMorgan Chase, may see their credit ratings cut by S&P - here's why.
The Federal Reserve proposed Friday to require large banks to add another buffer, designed to reduce the "too big to fail" perception.
Are these biotech behemoths about to merge? Here’s what Jim Cramer thinks you should know
Jim Cramer weighs in on the top five holdings for investor portfolios to determine if they are diversified.
Emerging technologies in biometrics are helping financial institutions and merchants free consumers from entering cumbersome passwords and PINs.
Jim Cramer shares a little-known jewelry stock that is ready to roar even higher.