- Stocks Looking Past Europe for a New Driver of the Rally
- Citigroup Takes $50 Million Loss in Lending Rate Probe
- In Europe, Stagnation as a Way of Life
- The Secret Lives of Traders—Seeking the Next Hot Thing
- FBI Investigated Steve Jobs Drug Use
- Strip Greenspan of His Knighthood: SocGen Strategist
- China Imports Slump, Raising Demand Concerns
- Get All the Latest Out of Europe Here
- Markets Finally Get Greek Deal —So Where's the Rally?
- New York Fashion Week Hits the Runway as Colors Pop
- Mulling Buffett's Stock Advice? Get in With REITs: Fund Managers
- LinkedIn Earnings Bode Well for Hiring and Social Media
- Top Five Mistakes to Avoid in Online Dating
- Victor Cruz ‘Understands’ Gisele's Super Bowl Frustrations
- Tamminen: The United States of India
- Unusual Volume: Taleo Jumps After Oracle's $1.9 Billion Offer
- Warren Buffett: Stocks Will Outperform Gold and Bonds .. and They're Safer 'By Far'
- So Now You Can’t Give Microsoft Away?
MOST POPULAR
HOT ON FACEBOOK
E*Trade CEO: Bankruptcy Talk 'Irresponsible'
Text Size 
Suggestions that E*Trade Financial Corp. faces bankruptcy are "absolutely irresponsible," the company's CEO said in an interview on CNBC Wednesday.
"Specifically referencing bankruptcy when we are well capitalized and we have excess capital, when we are sound, when our retail franchise has never been stronger, and mention a run on the bank in my mind is absolutely irresponsible; irresponsible to shareholders, irresponsible to our customers, and irresponsible to our employees," said Mitchell Caplan.
On Monday Citigroup analyst Prashant Bhatia on Monday downgraded E*Trade's shares to "sell" from "hold." In laying out a worst-case scenario for E-Trade, Bhatia suggested writedowns and a Securities and Exchange Commission inquiry could lead to a significant number of clients closing accounts. Bhatia pegged E-Trade's chances of filing for bankruptcy at 15 percent.
Other equity analysts downgraded their ratings or reduced their price targets but did not raise the specter of bankruptcy.
The stock [ETFC
Loading...
()
]nearly lost 60 percent of its value Monday. It rebounded 15 percent Tuesday and another 11 percent on Wednesday.
- Many have called to abolish the Federal Reserve. But what would happen if it was dissolved for good?
- Entrepreneurs have increasingly been buying back their companies over the last three years.
- Where are the best city locations for singles to take the online dating plunge?
- A Steelers fan spent a week with wide receiver Antonio Brown- and it was all due to tweeting.
- Here’s a look at the woman behind the newest collectible toy that kids love.
- Grab a brew—or not—and click ahead to experience the world’s most highly rated beers.
Data is a real-time snapshot *Data is delayed at least 15 minutes
