Fourth-quarter U.S. bank results will show anemic lending and still-rising credit losses, but investors are focused more on 2010 outlooks for signs that the fledgling recovery might take hold this year, analysts said.
Goldman Sachs chief executive officer Lloyd Blankfein said on Tuesday that the root causes of the nation's recent financial crisis was due to a sustained period of cheap credit and excess liquidity.
U.S. stocks rose on Wednesday as investors bought financial and technology shares ahead of earnings from bellwethers Intel Corp and JPMorgan Chase & Co later this week.
Top executives of Wall Street's biggest banks acknowledged broad failures as they testified to a U.S. commission looking into the financial crisis, while the White House said an industry apology was in order.
China markets were still shaken on Wednesday, lagging behind others due to a lower economic outlook after the central bank raised the reserve requirement for banks.
Goldman Sachs defended its role in creating securities at the center of the financial crisis under tough questioning from a U.S. commission investigating the 2008 meltdown.
A hedge-fund manager referred to as Tipper X in the Galleon Group insider-trading case could lead prosecutors to widen the probe to hedge funds that had not been previously implicated, the Wall Street Journal said on Wednesday, citing people familiar with the case.
ther internet search businesses operating in China could benefit from Google's possible exit from the market over censorship issues
An executive from Goldman Sachs Group Inc said the company in some cases profited by trading ahead of or against its own clients, the New York Times said on its website.
Galleon hedge fund founder Raj Rajaratnam will plead not guilty to any new government charges of insider trading, his lawyer told a judge on Tuesday, as prosecutors raised the amount of his alleged illegal profits to $41 million.
Bank of America Corp on Tuesday announced a reshuffled executive management team under new Chief Executive Brian Moynihan.
Galleon hedge fund founder Raj Rajaratnam, accused of fraud and conspiracy in a complex insider trading case, attacked the U.S. government's wiretap evidence on Tuesday, as he won approval to stay free on bail.
DoubleLine Capital LP, the money management firm started last month by star bond fund manager Jeffrey Gundlach, plans to open three new mutual funds for the general public, according to a registration statement filed on Tuesday.
U.S. stocks slid in a broad selloff on Tuesday as investors pummeled financials on concerns about a potential government levy on banks, while Alcoa Inc's disappointing results tempered optimism about the economic recovery.
U.S. bank stocks fell on Tuesday after reports that the Obama administration might charge banks more than $100 billion made investors worry about the sector's profits.
U.S. stocks slid in a broad selloff on Tuesday as investors pummeled financials on concerns about a potential government levy on banks, while Alcoa Inc's disappointing results tempered optimism about the economic recovery.
The president of the world's largest money manager, BlackRock Inc , said on Tuesday that emerging markets are a bright spot for investment and warned U.S. real estate prices are likely to fall further.
Calls for an inquiry into whether the New York Federal Reserve improperly urged insurer AIG to limit discussions of payments to banks grew on Tuesday as a senior lawmaker issued a subpoena for fuller disclosure.
The Securities and Exchange Commission sued Bank of America Corp for a second time over its takeover of Merrill Lynch & Co, accusing the bank of failing to disclose huge losses at Merrill before shareholders voted on the merger.
Stocks fell on Tuesday, halting a six-day streak of gains, after weaker-than-expected results from Alcoa Inc and on concerns banks could face fees from the government to recoup losses tied to bailouts.
Mega buyout funds have been a bad bet over the past year, generating the worst returns when compared with small and mid-market funds, a study by research firm Preqin said on Tuesday.
U.S. stocks fell on Tuesday, halting a six-day streak of gains, after weaker-than-expected results from Alcoa Inc and on concerns banks could face fees from the government to recoup losses tied to bailouts.
