Italian Union Members Strike to Protest Government's Austerity Cuts
This [austerity] is a plan the country doesn't deserve, CGIL union boss Susanna Camusso told a crowd of strikers in Rome.
Oil Prices: Sanders Says Speculators Keeping Crude Artificially High
U.S. Sen. Bernie Sanders, I-Vt., is madder than you-know-what about high oil and gasoline prices, and he's not going to take it anymore. He's introduced a bill, the End Excessive Oil Speculation Now Act of 2011, that would impose strict limits on the amount of oil speculators can trade in the commodity and futures markets.
Wall St tumbles after dismal jobs report
Wall Street stocks tumbled on Friday, with major indexes falling as much as 2 percent as data showed U.S. jobs growth flatlined in August, exacerbating worries the economy is faltering.
Bank of America, Goldman Sachs Stocks Hit Hard over Looming Lawsuit
Stocks of large financial companies, such as Bank of American and Goldman Sachs, have taken a pounding Friday over a likely lawsuit concerning mortgage sales.
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Fed orders Goldman to review foreclosures
The Federal Reserve ordered Goldman Sachs Group Inc to hire a consultant to review practices of a former mortgage subsidiary on Thursday and said it plans to assess a monetary penalty for wrongful foreclosures.
Payroll worries end Wall Street's four-day rally
Wall Street's four-day rally ground to a halt on Thursday, with major indexes falling 1 percent on caution ahead of a key labor market report expected to underscore fears the economy is headed for another recession.
NY regulator, Goldman reach robosigning pact
Goldman Sachs Group Inc will compensate some home loan borrowers for wrongful foreclosures under an agreement reached with a New York state banking regulator.
NY regulator reaches mortgage pact with Goldman
A New York state banking regulator said on Thursday that it had reached a pact with Goldman Sachs Group Inc on foreclosure processes that will allow the planned sale of its Litton Loan Servicing LP to continue.
Goldman, two firms agree to end robo-signing: report
Goldman Sachs and two other firms have agreed with the New York banking regulator to end the practice known as robo-signing, in which bank employees signed foreclosure documents without reviewing case files as required by law, the Wall Street Journal said.
U.S. Stock Futures Fall Ahead of Key Macro Data
Stock index futures pointed to a weaker open on Wall Street on Thursday, with futures for the S&P 500, Dow Jones and Nasdaq 100 down 0.1 to 0.4 percent.
Dow Jones Industrial Average Re-enters Positive Territory for 2011
The Dow Jones Industrial Average Re-enters positive territory, although the Department of Justice's suit against AT&T could derail those gains.
Nevada, U.S. Regulator Challenge BofA on Mortgages
Bank of America Corp's mortgage practices came under fresh fire as state and federal regulators questioned whether the largest U.S. bank is doing what it must to address perceived harm to homeowners and investors.
Bank of America Kept AIG Legal Threat Under Wraps
Top Bank of America Corp lawyers knew as early as January that American International Group Inc was prepared to sue the bank for more than $10 billion, seven months before the lawsuit was filed, according to sources familiar with the matter.
U.S. Stock Futures Point Lower
Stock index futures pointed to a weaker open for equities on Wall Street Tuesday after steep gains in the previous session, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 0.2 to 0.3 percent.
Lehman to Seek Creditor Vote on $65 Billion Payout
Lehman Brothers Holdings Inc will ask a bankruptcy judge on Tuesday to let creditors vote on its $65 billion payout plan, a key step toward ending the biggest bankruptcy in U.S. history.
Swiss Banking Sector May Face More Job Cuts - Report
Switzerland's banking industry may have to slash 10,000 jobs by the end of next year, particularly at Swiss subsidiaries of big foreign banks, Swiss newspaper SonntagsZeitung reported.
Goldman Faces Myriad Legal Challenges
Conventional wisdom in legal circles has long held that Goldman Sachs (GS.N) might escape further large fines or criminal charges for its role in the 2007-2009 financial crisis after reaching a $550 million settlement with securities regulators in July 2010.
Bank of America: Big Vote of Confidence as Warren Buffett Invests $5B
Billionaire Warren Buffett would invest $5 billion in Bank of America Corp. (NYSE:BAC), expressing his biggest vote of confidence in the banking giant.
Warren Buffett: Altruistic Defender of American Icons or Shrewd Profit Seeker?
Legendary investor Warren Buffett made a phone call to Bank of America CEO Brian T. Moynihan on Aug. 24 and offered to invest a staggering $5 billion in the bank. The Bank of America shares had been in doldrums amid questions over its liquidity situation and rumors that it would need a massive capital injection.
Analysis: Buffett Trades off his Reputation, Returns Follow
Warren Buffett showed again this week that his name and money is enough to give a struggling company instant credibility in the market. But the legendary investor also demonstrated his canny command of that reputation means that such deals can immediately generate profits.
Steve Jobs Resigns, but Investors Still Ride Apple's Bandwagon
Steve Jobs on Wednesday resigned as chief executive of Apple, marking an end to his 14-year reign at the consumer electronics giant he co-founded in a garage.
Goldman Sachs to cut some London salaries: source
Goldman Sachs is set to cut salaries for some of its London investment bankers as an agreed two-year pay rise deal comes to an end, a source familiar with the matter said.
Bank of America Shares Skyrocket Behind Buffett Deal
Bank of America's shares skyrocketed 25 percent on Thursday after announcing Warren Buffett's $5 billion investment in the company.
4 Reasons Gold Will Rise, Sooner Than Later
The big price drop Wednesday in the price of gold is not the beginning of a trend, say analysts, but rather a pause in a longer term bull market that has a lot farther to run.
Oil Price Outlook sours, Citi Sees 20 pct Fall
Several major banks cut sharply their oil price forecasts on Tuesday, with Citigroup saying that even if the United States printed more money, oil would stay depressed by weak economic growth and fresh supplies from Libya.
UBS Cuts 3,500 Jobs: Did Goldman Sachs Start the Trend?
UBS announced cuts of 3,500 employees on Tuesday, mostly in its investment banking division, as the layoff trend continues in the banking industry.
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