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Profit-taking, bank caution halt market run-up

Wall Street capped a strong week on a down note on Friday as investors booked profits in the wake of the recent upward surge and bank shares dropped after bank executives indicated March had been a tougher month for the industry than the previous two.

Wall St falls, hurt by profit taking, oil's fall

U.S. stocks fell on Friday as investors booked profits following a recent rapid surge, while the energy sector dropped along with the price of oil.

Tension simmers at Nomura as Lehman bonuses loom

Things are getting tense at Japanese brokerage Nomura Holdings .

BofA to fold Premier Banking into Merrill unit: report

Bank of America Corp , the largest U.S. bank, is folding its Premier Banking unit into Merrill Lynch Global Wealth Management, laying off several hundred workers, the Wall Street Journal said.

Obama to tell bankers we're all in the same boat

President Barack Obama will tell bankers on Friday we're all in the same boat while pressing them to support his strategy to unlock credit markets ahead of next week's G20 meeting of world leaders.

Top 50 U.S. banks lost $67 billion in 2008

The top 50 U.S.-based bank holding companies, which represent three fourths of all assets at such companies reported a aggregate loss of $67 billion in 2008, a Fed official testified on Wednesday.

Wall St. rallies late as data offsets bond sale gloom

Stocks rose in a late rally on Wednesday as unexpectedly strong housing and durable goods data fueled hopes the economy is finally on the mend, offsetting concerns the United States may struggle to fund plans to pull the economy out of recession.

Bank of America CEO eyes TARP repay in April: report

Bank of America Corp Chief Executive Kenneth Lewis said the largest U.S. bank wants to start repaying $45 billion of federal bailout money next month, after completing a government stress test, the Los Angeles Times reported on Wednesday.

Wall St jumps on signs economic slump moderating

Stocks jumped on Wednesday as upbeat housing and durable goods data fueled hopes that the toll taken by the recession may be abating, lifting shares of big manufacturers, banks and home builders.

Wall St set to rise on signs of economic thaw

Wall Street looked set to rise at the open on Wednesday as investors were encouraged by data showing signs the economic downturn was moderating, and by positive comments from President Barack Obama.

Futures rise on economic hopes; data in view

Stock index futures pointed to a mostly higher open on Wednesday after positive comments on the economy from President Barack Obama, as investors looked to upcoming data for signs of improvement.

Wall St. slides as investors reassess government bank plan

Stocks slid on Tuesday as investors paused to reassess the likely success of the government's latest plans to clean up bank balance sheets and revive the financial system, a day after initial euphoria over the plan drove huge gains.

Wall St. slides as govt plan on banks reassessed

Stocks slid on Tuesday as investors paused to reassess the likely success of the government's latest plans to clean up bank balance sheets and revive the financial system, a day after initial euphoria over the plan drove huge gains.

Wall Street set to open lower on profit taking

Wall Street was poised for a lower open on Tuesday the day after markets surged, as investors assessed a raft of recent moves to shore up the struggling economy and soft oil prices weighed on energy shares.

Futures lower on profit taking and energy shares

Stock index futures pointed to a lower open on Tuesday the day after markets surged, as investors assessed a raft of recent moves to shore up the struggling economy, while lower oil prices weighed on energy shares.

U.S. stock futures point to dip after strong rally

U.S. stock index futures pointed to a lower opening on Wall Street on Tuesday, following the previous session's sharp rally fueled by better than expected housing data and by Washington's plan to help banks get rid of troubled assets.

Goldman may trim ICBC stake: report

Goldman Sachs Group Inc and China's ICBC have been in discussions the New York bank to reduce its stake in the world's largest financial institution, according to a report on Tuesday.

Untouchable Assets Plan Revived Almost Half a Year Later

It has been nearly six months. Under the Bush administration in October of 2008, the Federal government approved $700 billion that gave the U.S. Treasury the leeway to buy toxic assets directly from financial companies.

BofA investor files to strip CEO of chairman job

Longtime Bank of America Corp shareholder Jerry Finger launched on Monday his formal campaign to strip Chief Executive Kenneth Lewis of his job as chairman, saying the bank took too much risk by acquiring Merrill Lynch & Co.

Wall Street soars 7 percent on bank plan debut

Stocks surged around 7 percent on Monday after the Obama administration detailed a plan to purge toxic assets from bank balance sheets, fueling optimism about a revival in bank lending and driving double-digit gains in financial shares.

Bank plan ignites optimism, Wall St. surges 7 percent

Stocks surged around 7 percent on Monday after the Obama administration detailed a plan to purge toxic assets from bank balance sheets, fueling optimism about a revival in bank lending and driving double-digit gains in financial shares.

Bank plan details fire up Wall Street

Stocks climbed on Monday after the Obama administration revealed details of a plan to purge toxic assets from bank balance sheets, fueling optimism about a revival in bank lending and lifting financial shares.

Detailed bank plan propels Wall Street higher

U.S. stocks jumped more than 4 percent on Monday after long-awaited details from the Obama administration on its plan to remove distressed assets from bank balance sheets fueled optimism it will spark a revival in lending, driving up financial shares.

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