The AIG bailout trial may help cleanse a lot of lingering resentment, says NYSE floor trader Kenny Polcari.» Read More
Citigroup Inc. rose$. 10 or. 2 percent, to $52.46. Goldman Sachs rose$. 33 or. 2 percent, to $184.37. JPMorgan Chase rose$. 04 or. 1 percent, to $60.03.
Bank of America Corp. rose$. 08 or. 5 percent, to $16.79. Citigroup Inc. rose$. 15 or. 3 percent, to $52.51. Goldman Sachs rose$. 45 or. 2 percent, to $184.49.
NEW YORK— The stock market got the reassurance it wanted from the Federal Reserve Wednesday. "The Fed is not going to take the punch bowl away," said Brad McMillan, chief investment officer for Commonwealth Financial. Major indexes drifted before the Fed released a statement at 2 p.m. Eastern time signaling little change in its interest rate policy.
Bill Fleckenstein has missed out on massive gains in the stock market. But that doesn't bother him any.
US banks are due to meet at Apple's headquarters to receive strict guidelines on how to advertise Apple Pay to customers. The FT reports.
Getting a mortgage in the U.S. may be easier than many borrowers think, according to a survey released Monday by Wells Fargo.
NEW YORK, Sept 15- Getting a mortgage in the United States may be easier than many borrowers think, according to a survey released Monday by Wells Fargo& Co, the largest U.S. mortgage lender. Even if mortgage credit is hard to come by, there is demand for homes: more than two out of three respondents in Wells Fargo's survey said it was a good time to buy.
The "Fast Money" traders share their final trades of the day.
LONDON/ NEW YORK, Sept 12- As electronic cigarettes flew off shelves on both sides of the Atlantic in recent years, investors flocked to a business some hope will be the future for tobacco.
Sept 10- A new diet pill Contrave got approval to be sold in the United States on Wednesday, only the third obesity treatment in more than a decade to win approval from the Food and Drug Administration.
District Judge Katherine Polk Failla dismissed a lawsuit by the New York Bankers Association, which said the law gave the city illegal power to regulate banks and conflicted with federal and state law.
College is expensive. If you are armed with only a high school diploma, you may wan to start with these companies.
The defendants include Bank of America Corp, Barclays Plc, BNP Paribas SA, Citigroup Inc, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc, HSBC Holdings Plc, JPMorgan Chase& Co, Nomura Holdings Inc., Royal Bank of Scotland Group Plc, UBS AG and Wells Fargo& Co..
COPENHAGEN, Sept 4- Denmark's Simcorp, a provider of software and services to the financial sector, expects to get back on track in the United States within a year, after replacing poorly performing managers, its chief executive told Reuters on Thursday.
In the second quarter, 85 percent of new car purchases and 53.8 percent of used car purchases were financed, according to data from Experian Plc, an information provider.
NEW YORK, Sept 2- U.S. "There is a little bit more of a reality check of what that actually would look like, how you would implement it, and then down the road how you would exit from that," said George Rusnak, managing director of global fixed income for Wells Fargo Private Bank in Princeton, New Jersey, in reference to the potential ECB stimulus.
A statute relied on by the banking regulator to bring this and similar cases on behalf of banks it seized "did not give the FDIC more time to bring claims that would otherwise have been lost," Stanton wrote.
As they struggle to find new business to bolster earnings, banks consider the nation’s 25 million veterans and service members ideal customers.
Just as employers replaced pensions with retirement plans, more companies appear to be making a similar cost-sharing shift with health plans.
There's a certain irony to the upcoming IPO of LendingClub, the lender that's used software to take on the big banks. The top winner is Wells Fargo.