African Countries’ Bond Rush: A Return To ‘Original Sin?’
February 08 2013 4:59 PM
Many African countries are hitting the global bond market.
Who's The 'Rain Man' At The Heart Of Banking's Biggest Scandal?
February 08 2013 10:01 AM
Tom Alexander William Hayes is the face of a scandal involving the world’s top financial institutions.
- UBS Posts 4Q Loss On Libor Fine; Bank Swings To Loss For Full Year 2012
February 05 2013 8:06 AM
Libor fine hammers UBS' fourth-quarter net income, but operating profit climbs 6 percent.
- US To Charge S&P For Mortgage Bond Ratings
February 04 2013 1:51 PM
S&P will be charged by federal and state authorities for alleged wrongdoing in its ratings of mortgage-backed securities that it issued before 2008.
BOA Accused Of Putting Itself Before Investors In Mortgage Loan Modifications
February 04 2013 9:17 AM
Court filings suggest America’s second-largest bank gave lending relief to homeowners at the expense of investors.
Dow Jones Industrial Average Closes Friday Session Above 14,000
February 01 2013 4:17 PM
The widely followed blue-chip Dow Jones Industrial Average finished above 14,000 for only the sixth time in its history.
Dow Crosses 14,000 For 1st Time Since Oct 2007
February 01 2013 10:42 AM
On Friday, the DJIA came within less than 200 points of its record high following the latest nonfarm payrolls report.
Banco Santander Writes Down $26B In Bad Loans
January 31 2013 8:15 AM
Falling revenue in the U.K., Brazil and Mexico, plus billions in delinquent Spanish mortgages, hammered Banco Santander's 2012 results.
Monte Dei Paschi Accused Of Hiding Huge Losses
January 28 2013 11:21 AM
Italy's Monte dei Paschi, the world's oldest bank, is accused of hiding huge losses from complex deals just before a massive government bailout.
Carl Icahn, Bill Ackman Clash On Live TV
January 25 2013 2:07 PM
Billionaire investors Bill Ackman and Carl Icahn renewed their 10-year-old feud, this time on live TV.
- Goldman Sachs Posts Huge 4Q Profit, Shares Surge
January 16 2013 9:40 AM
Goldman Sachs, the fifth-largest bank by assets, posted a nearly three-fold increase in fourth-quarter profit.
BOA Earnings Preview: Another Quarter Wiped Out
January 16 2013 7:18 AM
Expectations have dropped for Bank of America’s 4Q results in the months leading up to the company’s earnings announcement, due on Thursday.
Fitch To US: Deal With Your Debt Issues Now, Or Else
January 15 2013 9:40 AM
The U.S. risks having a second major credit ratings agency strip it of its top rating because of debt ceiling, deficit fights.
Goldman Sachs Earnings Preview: Expected To Post Huge 4Q Profit, Revenue Gain
January 15 2013 6:11 AM
Staff cuts and stronger investment banking operations are expected to boost Goldman Sachs fouth-quarter and full-year performance.
Asian Markets Up, Yen Down On US Hopes, Japan Policy
January 10 2013 10:13 PM
Asian shares rose Friday amid an improving outlook for global economies and reduced anxiety over the euro zone, while the yen slid on renewed expectations for aggressive monetary easing in Japan.
ECB President Mario Draghi Sees Euro-Zone Recovery, Sort Of
January 10 2013 12:01 PM
The ECB sees the euro zone strong enough to not need monetary help, but the bank's confidence in that outlook appears paper thin.
Asian Markets Rise On China Trade Report
January 09 2013 10:27 PM
Asian shares rose Thursday as Chinese trade data, much stronger than expected, magnified momentum overnight from global markets and kept alive hopes for a recovery in the world's second-largest economy.
Goldman Sachs Moves To Daily Disclosure Of Money Market Asset Value
January 09 2013 11:52 AM
Goldman Sachs' move may have changed the money market fund industry's practice of only reporting prices every 60 days.
- Banks, Servicers Paying $8.5B For Wrongful Foreclosures
January 07 2013 12:35 PM
Four major banks plus six mortgage servicers agree to pay $8.5 billion to settle federal accusations of wrongful foreclosure.
Bank of America Pays $3.6B In Fannie Mae Case
January 07 2013 8:16 AM
Fannie Mae and Bank of America reached a $3.6 billion deal settling claims that arose from subprime lender Countrywide Financial.