Wall Street is bracing for major changes from a new rule that would overhaul how the banking industry conducts its trading. The New York Times reports.
The $2 billion trading loss that has rocked the Swiss banking giant UBS has also cast a spotlight on a relatively unknown but increasingly profitable corner of Wall Street — Delta One desks.
Our intrepid reporter talks to former Federal Reserve Chief Paul Volcker, in town for a benefit for the National Academy Foundation, at the Waldorf Astoria.
Why should Goldman Sachs be "freaked out" by the Volcker Rule, and lobbying hard to debilitate it?
It's hardly surprising that Goldman Sachs wants to be able to deploy the firm's capital to longer term investments.
Stocks ended mixed as the Dow's rally skidded to a halt as retailers reported weaker-than-expected December sales. Verizon and Travelers slid, while Microsoft gained.
Stocks traded mixed Thursday as technology stocks rose and retailers skidded following weaker-than-expected December sales. Verizon skidded, while Microsoft gained.
Stocks turned mixed as retail stocks skidded on news of weaker-than-expected December sales. Verizon and AT&T fell, while Boeing rose.
President Obama is said to be ready to name Gene Sperling the chairman of the National Council of Economic Advisers. Mr. Sperling, 52, who held the same job under President Bill Clinton, will succeed Lawrence Summers. The New York Times reports.
U.S. stock index futures eased slightly, but remained higher, after jobless claims came in largely as expected.
Faced with unusually sharp ideological attacks after its latest bid to stimulate the economy, the Federal Reserve now faces a challenge far removed from the conduct of monetary policy: how to defend itself in a hyperpartisan environment without becoming overtly political. The New York Times reports.
Stephen Roach, widely regarded as one of Wall Street's most influential thought leaders, shares with CNBC how he started in the financial world and why Paul Volcker is his personal hero.
A group of senators led by Carl Levin, the Democrat from Michigan, is pushing a new financial oversight council to adopt a strict ban on proprietary trading at banks. The FT reports.