Executive compensation, leverage limits and lending standards were all issues that Washington said it planned to change — and when the taxpayers were the shareholders of these firms, it probably could have done so. But now the White House has been left in the position of extending invitations, rather than exercising its clout. And in the figurative and literal sense, it is getting stood up.
Markets closed higher on Monday on an increased risk appetite—but opened lower Tuesday on rising inflation concerns. Jeff Mortimer, CIO of Charles Schwab Investment Management, shared his outlook for next year.
Obama needs the support and confidence of big banks to mend the economy, yet he woos them with threats and browbeating and name-calling.
Looking back at his performance during the global financial crisis of the past two years, Warren Buffett tells the Wall Street Journal, "We didn't do all the smartest things. We didn't do anything really dumb."
The big banks have rebounded very strongly since the early March lows and investors are trying to see if the trend will continue into 2010. Fred Cannon, co-director of research and chief equity strategist at KBW shared his outlook on the sector.
Big financial institutions that have survived government bailouts, as well as regional banks that swallowed weaker rivals, are best-positioned to succeed in 2010, according to a Keefe, Bruyette & Woods.
The U.S. pay czar on Friday issued his latest crackdown on bailout recipients, ruling that cash salaries will be mostly limited to $500,000 for the next tier of top earners.
Wells Fargo has joined a growing list of banks that are exploring options to return government bailout money, CNBC has learned.
As end of the year approaches, investors look ahead to 2010 and where they can invest their money. Robert Weissenstein, Credit Suisse's chief investment officer for private banking—Americas, shared his outlook.
The Dow and S&P closed higher on Thursday as investors bet on a year-end rally with money rotating into the technology sector.
Stocks advanced, following encouraging reports on jobless claims and the trade deficit. Budding optimism about the recovery made consumer-discretionary stocks the day's best performer. Disney led the Dow.
Goldman Sachs announcement that they will pay their top 30 managers their 2009 bonuses in restricted stock is an appropriate response to the concerns about executive pay, but don't kid yourself: it is unlikely to quell the criticism of Goldman or the banking industry.
Goldman stepped into the market spotlight midday, after the firm said its top executives will receive stock instead of cash bonuses this year. Is that a buy signal?
Stocks pared their gains Thursday after a disappointing 30-year auction. Stocks had been higher all day after encouraging reports on jobless claims and the trade deficit. Budding optimism about the recovery made consumer-discretionary stocks the day's best performer. Disney led the Dow.
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JP Morgan bounced off technical support levels today, and one trader is repositioning for the upside.
Treasury Secretary Timothy Geithner told Congress on Wednesday that the administration will extend the government's TARP until next fall, saying it's needed to protect against fresh economic shocks. Chris Kotowski, of Oppenheimer & Co, and Jeff Harte, of Sandler O'Neill, discuss how the extension will affect the financial sector.
The S&P closed lower on Tuesday as negative developments in global credit markets rekindled interest in the dollar, which in turn took down the commodities trade.
Financials have been lagging the broader market, so should investors still be putting their money into the sector? David Kotok, chairman and CIO of Cumberland Advisors, and Peter Costa, president of Empire Executions, shared their outlooks.
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