Despite its myriad troubles and doubters on Wall Street, Bank of America has a friend in Dick Bove.» Read More
The Fed's Jeffrey Lacker says banks are likely to cut back on risky short-term funding if markets believe bankruptcy not bailouts await them.
Check out which companies are making headlines after the bell Monday:
Hilton said its IPO would raise up to $2.37 billion, in what would be the biggest-ever hotel IPO and perhaps the second-biggest IPO of the year.
In an era of chastened Wall Street egos, Michael L. Corbat, the chief of Citigroup, has cultivated a workmanlike demeanor out of the spotlight. The NYT reports.
"There's a few areas where we think there are tailwinds to help us along," BlackRock's David Cassese says.
Think of Black Friday doorbusters as a starting point. Here's how you can save even more.
A report has raised the once-unthinkable possibility that banks could start charging customers for deposits. USA Today reports.
Happy Wednesday. Gobble gobble.
The fallout from the subprime mortgage crisis continues to plague U.S. banks, according to Standard and Poor's.
Good has been stealing BlackBerry's clients with a simple pitch: Its platform lets employees access the corporate server on their personal device.
U.S. borrowers are increasingly missing payments on home equity lines of credit they took out during the housing bubble.
Banks such as Barclays, Citigroup and Royal Bank of Scotland have banned traders from using group chat rooms, the Financial Times reports.
U.S. stocks rise on Thursday, with the S&P 500 halting a three-session losing run.
Spending on gift cards is expected to reach a record high this year, as shoppers search for practical gifts.
The $13 billion figure reached with the Justice Department may represent political theater as much as a real attempt to right wrongs. The NYT reports.
Goldman Sachs Group lost more than $1 billion on currency trades during the third quarter, recent regulatory filings show.
Happy Wednesday. What would you do with $13 billion?
The ebbing economic tide from the Great Recession revealed some of the worst swindles in municipal finance in decades.
Companies making headlines after the bell Tuesday:
U.S. stocks tallied modest declines on Tuesday as investors wait to hear from the Federal Reserve in weighing central-bank monetary moves ahead.