U.S. banks pass regulatory exams; objections to European banks' U.S. units could be viewed as 'serious' by investors. » Read More
Multimillion-dollar compensation packages. Private jets. Hormones in milk. Plastic water bottles. Chemicals in baby products. High credit card rates. Retention bonuses. .....Each is a symbol – a shorthand representation of a much larger ideological perspective. Each tells a story without having to say a word.....For better or worse, symbols now dominate the debate.
As Washington pushes banks to mend their finances, the banks are pushing back.
In this Web Extra you'll find the day's biggest winners and losers. Find out why shares of CVS and Visa popped while Wells Fargo and Rio Tinto dropped.
Few things have dominated the headlines like Barack Obama's agenda to fix America’s banks. Hopefully you can swim because we’re looking at a tidal wave of change.
Art Cashin, UBS Financial Services director of floor operations, offered CNBC his take on Tuesday's market: The stress tests of the financials; the economic impact of Swine Flu; and yesterday's frightening public-relations error by the Air Force over the skies of NYC.
For the last 4 weeks, we've had a series of earnings releases and economic numbers that had upside surprises and helped increase investor confidence in equities and in currency risk trades.
Citigroup is discussing its capital levels with the Obama administration — but the financial giant doesn't expect to need more government assistance, reports said Tuesday. But speculation continues to swirl around Citi and Bank of America. See David Faber's report here.
Concerns that the recent outbreak of swine flu could reach pandemic proportions dragged down the Dow and S&P Monday with investors hammering airlines, hotels and more.
Analysts are turning the spotlight on a handful of major regional banks that they reckon may be the next weak links in the financial industry, the New York Times reports.
Stocks ended higher Friday after better-than-expected results from Ford but ended lower for the week, snapping a six-week winning streak. recovered Friday after a drop triggered by the release of the bank stress-test results.
Stocks rallied on Friday as earnings showed companies have weathered the recession and economic data raised hopes the economic cycle may have hit a bottom.
The banking industry has learned preliminary results of the so-called stress tests Friday — but plenty of questions will remain. (Updated)
The banking industry will learn preliminary results of the so-called stress tests today (Friday) — but plenty of questions will remain.
Stocks temporarily pared gains after a much anticipated concept paper on the government stress tests for the 19 biggest U.S. financial institutions was released.
Stocks opened higher Friday as investors shrugged off a dismal durable-good report and were encouraged by Ford's narrower-than-expected loss.
The existing US banks have survived tough economic conditions over the past half year, which can be assimilated to a real-life stress test, Bob Parker, vice-chairman at Credit Suisse Asset Management, told CNBC.
Stock index futures remained higher Friday as investors shrugged off a dismal durable-good report and were encouraged by Ford's narrower-than-expected loss.
Stocks pulled off a gain after a wobbly session Thursday as banks rose and some better-than-expected earnings helped offset gloomy economic data.
Credit card executives meeting with President Obama argued that rules proposed by the Federal Reserve are adequate to protect consumers, but Obama believes more should be done.
The lending practices of U.S. credit card companies will be under the microscope Thursday as President Barack Obama meets with executives from 13 leading credit card issuers. We wanted to know if you feel you've been unfairly treated by the credit card companies.