Continued losses in the investment bank arena could lead to more restructuring and another round of job cuts to be unveiled in November.
Palash Ghosh
Sep 16, 2011
Volatility in equity markets is burning smart-money players, and even experienced traders are finding it hard to keep up.
Hao Li
Sep 16, 2011
Gold prices rebounded Friday, along with other safe-haven investments, literally hours after dropping sharply on word that the world's biggest central bankers were jointly moving to protect the eurozone's commercial financial institutions.
Mike Obel
Sep 16, 2011
Options for a sustainable economic recovery are narrowing, Christine Lagarde, Managing Director of The International Monetary Fund, said in an opinion piece for a German newspaper.
Hao Li
Sep 16, 2011
Goldman Sachs Group Inc is shuttering a well-known hedge fund that relies on computer-driven trading strategies after the portfolio rang up a hefty loss this year.
IBT Staff Reporter
Sep 16, 2011
Arrested at his UBS trading desk, rogue trader Kweku Adoboli allegedly told the bank about his unauthorized trading that resulted in a nearly $2 billion loss.
David Magee
Sep 16, 2011
Swiss bank UBS came under increasing pressure to shrink or sideline its investment bank business -- source of a $2 billion rogue trading loss -- as ratings agencies warned lax risk management could prompt downgrades.
IBT Staff Reporter
Sep 16, 2011
The idea is out there: Republicans on Capitol Hill considering a ceiling for defense cuts mandated by the deficit-reduction super committee. If it becomes a reality, however, it would not exceed $150 billion over 10 years.
Elisha Maldonado
Sep 16, 2011
Gold tumbled to a two-week low on Friday as diminishing liquidity concerns prompted a bout of selling, but lingering concern about financial stability and strong physical buying interest from Asia later helped it to recover.
Mike Obel
Sep 16, 2011
UBS said it may report a third-quarter loss after it suffered a $2 billion loss due to unauthorized trading by a trader in its Investment Bank.
Manikandan Raman
Sep 16, 2011
Texas Instruments Inc. (NYSE: TXN) announced a 31 percent increase in quarterly dividend from $0.13 to $0.17, resulting in a dividend yield of 2.5 percent. Jefferies believes there is room for the dividend to go higher.
Balasubramanyam Seshan
Sep 16, 2011
The jury has reached a verdict in a courtroom battle between Trust Company of the West and former investment chief Jeffrey Gundlach, concluding a six-week trial that has transfixed the financial industry.
keep for now
Sep 16, 2011
Research In Motion reported a steep drop in quarterly profit on limp sales of its smartphones and tablets, and offered investors little hope of a turnaround anytime soon, sending its shares tumbling.
keep for now
Sep 16, 2011
Gold slipped more than 1 percent on Friday, heading for its biggest weekly drop since March 2009, as stock markets gained and the euro rose after major central banks around the world strived to fight the debt crisis in Europe.
IBT Staff Reporter
Sep 16, 2011
Swiss bank, UBS AG, said it has suffered a $2 billion loss due to rogue trading and the London police arrested a 31-year-old man on suspicion of fraud.
Bhaskar Prasad
Sep 16, 2011
Science is key to rebuilding earthquake-damaged Haiti, according to a new report.
Cristina Merrill
Sep 15, 2011
With UBS losing approximately $2 billion from unauthorized trades by a "rogue" trader, the road for recovery for the Swiss bank could be long.
IBT Staff Reporter
Sep 15, 2011
Investors obviously applauded the move, sending Morgan Stanley shares up 7.2 percent in Thursday’s trading.
Palash Ghosh
Sep 15, 2011
Encana Corp Chief Executive Randy Eresman did exactly what investors wanted when he created the quintessential pure play in North American natural gas. That's now his biggest problem.
IBT Staff Reporter
Sep 15, 2011
Shares of Silvercorp Metals Inc., battling anonymous charges of accounting fraud, shot higher Thursday despite a downdraft among precious metals miners that battered their share prices after announcing a stock buyback and a cut in the number of shares outstanding.
Mike Obel
Sep 15, 2011
Morocco's trade deficit expanded 22.6 percent in the January-August period from a year ago to 122.2 billion dirhams due mainly to higher spending on energy imports, official data showed on Thursday.
IBT Staff Reporter
Sep 15, 2011
South Africa's government bonds reversed losses on Thursday and yields fell as investors drifted back into local debt to snap up bargains following a couple of days of heavy selling when risk aversion hit emerging markets.
IBT Staff Reporter
Sep 15, 2011
