There are risks associated with imposing regulation on London banks without the rest of the world following suit, the head of the British Bankers Association Angela Knight told CNBC Tuesday.
General Growth Properties said it has filed for a plan of reorganization with a U.S. court and confirmed it is looking to emerge from bankruptcy protection in October with less debt in its balance sheet.
Moody's slashed Portugal's credit rating by two notches to A1, citing a deterioration of the country's debt ratios and weak growth prospects, the ratings agency said Tuesday.
Maybe enough to spark some real job growth by the end of the year.
So it’s time to get more bullish, the Mad Money host says.
You will enjoy your golden years here—or get your money back. That's the guarantee that residents of retirement communities like Vi at Highlands Ranch outside Denver are banking on.
For all of what he describes as the overhaul’s strengths — particularly the limits placed on banks’ trading activities — Paul Volcker still feels that the financial reform legislation doesn’t go far enough in curbing potentially problematic bank activities like investing in hedge funds.
In midday trading, stocks inched higher for a fourth day Friday, putting the markets on-track for the best week of trading in more than a year.
The U.S. and Russia orchestrated the largest spy swap since the Cold War, exchanging 10 spies arrested in the U.S. for four convicted in Russia in a tightly choreographed diplomatic dance Friday at Vienna's airport.
Regulators will have a lot of leeway in implementing the financial reform legislation, which will saddle the banking industry will more uncertainty, Sen. Bob Corker (R-TN) told CNBC Friday
CEO Mark Fisher said in a follow-up interview that the energy “roadmap is already there." China has already set the stage for energy demand and is buying "every single paper asset."
The stock market rally over the past few days has been encouraging and represent real profits, former Federal Reserve chairman Alan Greenspan told CNBC Thursday.
Plus, get the Treasury secretary's thoughts on derivatives, the economy, Fannie and Freddie and more.
Taxes on US businesses are about average compared to those in the rest of the world, Treasury Secretary Tim Geithner told CNBC Wednesday.
The US government has inhibited economic growth by creating uncertainty about business costs, Dallas Fed President Richard Fisher told CNBC. Questions about healthcare expenses, for instance, have kept businesses from hiring new workers, he said.
The removal of the barrier on paying interest on commercial demand deposits is going to be a big bottom-line negative for a wide number of institutions, according to H. Rodgin Cohen of Sullivan and Cromwell.
Republican Congressman and House Ways and Means Committee member Paul Ryan spoke with Maria Bartiromo yesterday about the current economic crisis, and spoke frankly about how he feels Washington is running the country.
Don’t you just love political cross dressing? Last night on CNBC my old boss David Stockman was totally root-canalled as he called for higher taxes and lower spending. Right on spending, but wrong on taxes.
A housing sector without Fannie Mae spacer and Freddie Mac is a possibility, Edward J. DeMarco, director of Federal Housing Finance Agency (FHFA), told CNBC Thursday.
With the Supreme Court scheduled to hear arguments later this year about whether states should be allowed to regulate the sale of violent video games, you might think game makers would consider dialing down the number of shooter titles.