The Obama administration on Friday rejected a proposal by Goldman Sachs to buy as much as $1 billion in tax credits from Fannie Mae, saying the deal would have amounted to a net loss for taxpayers, the New York Times reports.
One of the federal government’s most opaque methods for bailing out the banking system allowed a handful of giant institutions to save up to $25 billion on their borrowing costs, a Congressional panel estimated on Friday.
Plus, get calls on investment banks, "app phones" and more.
New York City health officials scrambled to explain themselves Thursday following outraged media reports about bankers who got scarce H1N1 flu vaccines through their employers
Earnings season is coming closer to an end now that ~80% of the S&P 500 companies have reported earnings. Here's a look at which companies have had the biggest surprises so far...
Cramer makes the call on viewers' favorite stocks.
In extended trade shares of Cisco popped as much as 4% after the company beat Street estimates. But is it enough to spark a rally?
As the Fed concludes its two-day meeting, most on Wall Street expect interest rates to remain low for the immediate future. But will that cause asset bubbles in stocks, real estate and currency markets? Beth Ann Bovino, senior economist at Standard & Poor’s, shared her outlook.
Warren Buffett tells CNBC's Becky Quick that Berkshire Hathaway has talked to five big financial firms about buying their tax credits. Buffett says he can't name any names due to confidentiality agreements, but notes that Berkshire has been buying tax credits since 1990 and will continue to do so in the future.
Plus, get seven more names to buoy your portfolio when the previously mentioned eight aren’t working.
Just minutes after this morning's announcement that Berkshire Hathaway is paying $26 billion to acquire the 77 percent of Burlington Northern Santa Fe it doesn't already own, Warren Buffett spoke live by phone with Becky Quick and Joe Kernen on CNBC's Squawk Box. This is the complete transcript of their conversation.
Stocks opened lower on Tuesday, following a topsy-turvy session on Monday where markets staged a late rally. How should you be positioning your portfolios? Ernie Ankrim, senior markets advisor at Russell Investments and Anita Clemons, vice president and manager of investments at Stock Yards Bank & Trust Company shared their market insights.
The nation's biggest banks face a February deadline for submitting employee compensation plans to the Federal Reserve, according to people with knowledge of the process.
The formula to determine Goldman Sachs' executive bonuses will be decided by mid-December, sources familiar with the matter told CNBC, and will set a precedent for other investment companies to follow.
After a rough and tumble day of trading both the S&P and Dow closed higher for the session on Monday.
Bill Dudley, president of the New York Federal Reserve, summoned 28 CEOs of the nation’s top banks toon Monday to reinforce the principles that were outlined in a proposal by the Fed on compensation issued on October 22.
By mid-day, a market rally had fizzled out leaving investors to wonder what's dragging down stocks?
Markets opened higher Monday, rebounding from Friday's steep decline, but the CBOE Volatility Index (VIX), considered the measure for fear in the market, neared 30. Art Cashin, director of floor operations at UBS Financial Services, shared his insights.
Dollar General plans an initial public offering of approximately 34.1 million shares of common stock priced between $21 and $23 per share, according to a regulatory filing.
Remember how bad things were last year? Then stop crying about one bad week in the markets.