Stocks bounced around Friday as investors juggled a disappointing jobs report and some analyst upgrades. Still, all three major indexes were on track to post gains for the week.
Royal Bank of Scotland more than halved its operating losses to 1.5 billion pounds ($2.5 billion) in the third quarter as impairments fell, but less favorable trading battered investment banking profits.
Britain's service sector showed its strongest activity since the start of the credit crunch in October, helped by growth in new orders to a two-year high, a purchasing managers survey showed on Wednesday.
Britain's two largest retail lenders have agreed to a massive shake-up of the UK banking sector that will see both sell hundreds of branches and key businesses to appease EU competition concerns over state aid.
The U.S. dollar rose to a one-month high against a basket of currencies Tuesday as concerns about the global banking sector and weaker equity markets boosted the greenback's safe-haven appeal.
The government should “pull the plug” on problem banks rather than bail them out and imposing tougher regulation on them, Roger Nightingale, strategist at Pointon York, told CNBC Wednesday.
Dutch bancassurer ING will split in two, transforming itself into a smaller European lender in the most striking example yet of the deep changes that EU policymakers want to force on banks that received state aid.
Citigroup could be forced to sell its Mexican subsidiary Banamex as Mexico’s Supreme Court is set to investigate claims that the U.S. government's involvement is illegal, according to a report in the Financial Times.
Stocks pared some of their earlier losses but were still lower as disappointing results from Bank of America and General Electric eclipsed strong results from big techs.
Stocks pared some of their earlier losses but were still lower as disappointing results from Bank of America and General Electric eclipsed strong results from big techs.
One year since the week that shook UK financial markets, the government is still looking for a solution for the banks in which it now is a shareholder and for ways to kick start the economy and make sure a banking crisis doesn't happen again.
Stocks skidded at the open Friday as disappointing results from Bank of America and General Electric eclipsed strong results from big techs. They slid further — with the Dow down 100 points — after a report showed a surprise drop in consumer sentiment.
Dell's forecast that second half revenue should come in stronger than the first half are encouraging words for a stock market that has been doing little more than treading water this week.... Read More