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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: financial sector

financial sector stories: 79 news summaries

21 - 40 of 79 Stories | << Prev 1 2 3 4 Next >>

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(Newser) - The Obama administration intends to push for “very, very substantial change,” in the way Wall Street pays executives, Treasury Secretary Tim Geithner tells Bloomberg. “I don’t think we can go back to the way it was,” he said, arguing that the current big-bonus status quo... More »

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executive compensation • bonuses • financial sector • bank regulation • banking industry • Timothy Geithner • executive bonuses

MARKETS

 Fed's Fears Push Dow Off 53 


May 20, 09 3:11 PM CDT
(Newser) - Markets fell today after the Federal Reserve warned of a more prolonged recession than it previously expected, the Wall Street Journal reports. Financials and tech contributed to the plunge, which even a 6-month high in oil prices could not stop. “We’re just dealing with a stock market that... More »

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stock market • NASDAQ • New York Stock Exchange • Federal Reserve • Dow Jones • recession • financial sector • S&P 500 • oil prices

MARKETS

 Dow Up 235 on Housing Hopes 


May 18, 09 3:11 PM CDT
(Newser) - Markets rose significantly today on indications of a turnaround in the housing sector, the Wall Street Journal reports, with an industry confidence metric at its highest since September 2008. Financials—Bank of America was up 9.8%—led the S&P to a symbolic close above 900. The Dow was... More »

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NASDAQ • Bank of America • Dow Jones • recession • Home Depot • Lowe's • housing industry • financial sector • S&P 500

MARKET Open

 Stocks Start 
 Week on 
 Rebound 


May 18, 09 8:49 AM CDT
(Newser) - Stocks headed higher at today’s open, following a week of profit-taking that left the Dow and S&P down 3.6% and 5% respectively. The Dow was up 107 points, while the Nasdaq added 1.2% and the S&P 1.4%, including a 3% surge in financials. Lowe's... More »

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stock market • Dow Jones • Nasdaq • Lowe's • Bombay Sensex • financial sector • S&P 500

MARKETS

 Oil, Banks Steal 63 From Dow 


May 15, 09 3:13 PM CDT
(Newser) - Markets were off today on falling oil prices and a poor showing from the financial industry, the Wall Street Journal reports. The S&P energy index fell 2.4% and Bank of America, Pfizer, and Wal-Mart also saw declines. General Motors, whose low share price no longer significantly affects markets,... More »

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stock market • NASDAQ • Bank of America • New York Stock Exchange • Dow Jones • General Motors • Pfizer • financial sector • S&P 500 • Wal-Mart • oil prices

Insider Trading Probe Targets 2 SEC Officials

Lawyers at regulator alleged to have traded financial stocks

May 15, 09 8:12 AM CDT
(Newser) - Two lawyers with the SEC are under federal investigation for alleged insider trading, Reuters reports. The SEC's internal watchdog claims that they traded stock in a large financial services company, despite warnings from other employees that the company was under investigation. One of the two works in the SEC's Office... More »

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insider trading • SEC • financial sector • financial stocks • Inspector General • Securities and Exchange Commission

MARKETS

 Tech, Banks Push Dow Up 46 


May 14, 09 3:16 PM CDT
(Newser) - Markets climbed today on good performance by technology stocks and a rebound in the financial sector, the Wall Street Journal reports. A key bank index, which dipped earlier as financials sold stock to raise capital, was up almost 4%. The retail sector continued to struggle, with Wal-Mart off 1.9%.... More »

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stock market • NASDAQ • New York Stock Exchange • Dow Jones • financial sector • S&P 500 • Wal-Mart • banks • technology companies

MARKET Open

 Stocks, Commodities Plunge 


May 11, 09 8:57 AM CDT
(Newser) - Stocks plunged at the open, as banks sold shares to raise capital, and consumer and commodity stocks took a pounding, the Wall Street Journal reports. The Dow was down 140, the Nasdaq down 1.8% and the S&P off 2.1. Oil producers were hit hard as crude fell... More »

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stock market • Bank of America • Dow Jones • Morgan Stanley • Nasdaq • financial sector • S&P 500 • financial crisis

 Brokers Bail on Wall Street 

Commissions shrinking as investors turn away from stocks

May 6, 09 2:46 AM CDT
(Newser) - A rising number of stock brokers are abandoning the industry as markets fall and commissions dry up, the Wall Street Journal reports. More brokers have already departed this year than in any of the last 15 years, and experts expect the exodus to continue as investors shift assets out of... More »

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stock market • Wall Street • financial services • financial sector • trader • brokers • financial crisis • fiscal crisis

 Banks Get Stress Test Grades 

Pandit out at Citi?

Apr 24, 09 8:40 AM CDT
(Newser) - The nation's biggest banks will start to learn how they did on the dreaded stress test today, reports the New York Times. Though the public won’t learn the results until May 4, analysts are predicting that many of the 19 banks will have to raise large amounts... More »

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Citigroup • Federal Reserve • Treasury Department • financial sector • Vikram Pandit • banks • banking industry • TARP • stress tests

(Newser) - During the Great Depression, legend has it a group of Wall Street bankers went to Hollywood to see if it was worth investing in, only to be immediately repulsed by the brazen displays of wealth they saw there. Now that it's the bankers being pilloried for their excesses, writes Neal... More »

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Wall Street • Hollywood • financial sector • Great Depression • bank regulation • deregulation • banking industry • financial crisis

(Newser) - Bank of America’s net income in the third quarter nearly tripled last year's, hitting $4.24 billion, or 44 cents a share, the company announced today, a figure that surpassed even the loftiest analyst expectations. The drastic turnaround will likely take pressure off embattled CEO Ken Lewis, who’s... More »

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Bank of America • corporate earnings • financial sector • first quarter earnings • banking industry

 Feds May Reveal 
 Which Banks Are Weakest

Results of 'stress tests' may go public

Apr 15, 09 4:00 AM CDT
(Newser) - The administration may go public with some of its "stress test" results, which diagnose how well the country's 19 biggest banks will weather the financial crisis, insiders tell the Wall Street Journal. The administration has so far been treating all banks equally, but the stronger banks could soon be... More »

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bank • Treasury Department • financial sector • financial crisis • TARP • stress tests

MARKETS

 Banks Rally, But Dow Falls 26 


Apr 13, 09 3:19 PM CDT
(Newser) - More bankruptcy rumblings from General Motors sent stocks down early today, but the blow was cushioned by good news from the financial sector, the Wall Street Journal reports. Citi and Bank of America had double-digit gains ahead of what are expected to be solid earnings reports. The Dow finished down... More »

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stock market • NASDAQ • Citigroup • Bank of America • New York Stock Exchange • bankruptcy • Dow Jones • General Motors • financial sector • S&P 500

Fed to Banks: Keep Quiet on Stress Tests

Officials worry leaked results will cause market chaos

Apr 10, 09 12:38 PM CDT
(Newser) - The Federal Reserve is adopting a loose-lips-sink-ships policy when it comes to the “stress tests” being administered to big US financial firms. Goldman Sachs, Citigroup, and others have been ordered to keep quiet about their financial report cards, Bloomberg reports. Officials fear that should those results leak, investors would... More »

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Ben Bernanke • Federal Reserve • Treasury Department • financial sector • Timothy Geithner • stress tests

(Newser) - When Paul Krugman was in grad school, nobody wanted to be a banker. Sure, it paid more than being an academic economist, but “everyone knew that banking was, well, boring,” he writes in the New York Times. That was before deregulation came into vogue in the 1980s,... More »

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Paul Krugman • financial sector • Great Depression • bank regulation • deregulation • banking industry

MARKETS

 Dow Rises 246 
 on Rosy Bank News

Rosy NYT report on Treasury 'stress tests' fuels risk appetite

Apr 9, 09 3:23 PM CDT
(Newser) - Surging financial stocks spurred a broader rally today, the Wall Street Journal reports. A New York Times report that all 19 banks facing Treasury “stress tests” will pass boosted shares in a sector already buoyed by a strong Wells Fargo earnings forecast. The Dow rose 246.27 to close... More »

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New York Times • Dow Jones • Wells Fargo • Nasdaq • Treasury Department • financial sector • S&P 500 • stress tests

MARKET Open

 Wells Fargo Lifts Stocks 


Apr 9, 09 8:45 AM CDT
(Newser) - Stocks soared at the open today, thanks to Wells Fargo’s announcement that it expects record first-quarter earnings, the Wall Street Journal reports. The Dow climbed 150 points, while the Nasdaq added 1.8% and the S&P jumped 2.3%. Wells Fargo was up more than 20%. A... More »

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stock market • Dow Jones • Wells Fargo • Nasdaq • financial sector • S&P 500

OPINION

 Obama Fakes 
 Center, Goes Liberal 


Apr 4, 09 6:36 PM CDT
(Newser) - If President Obama were a quarterback, he’d be a master of the fake, Fred Barnes writes in the Weekly Standard. Using “misdirection,” he markets “his product—the liberal agenda, plus a few add-ons—in a manner that disguises what he's really up to.” While... More »

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nationalization • recession • auto industry • financial sector • budget deficit • economic stimulus package • Obama administration • President Obama • Fred Barnes

OPINION

DC Still Turns Blind Eye to Banks: Spitzer

Regulators attempt
to save face after failing to prevent crisis

Apr 1, 09 11:38 AM CDT
(Newser) - There’s a reason the government seems to have no control—darn the luck—over the banks it’s poured billions into: It’s trying to save face, writes Eliot Spitzer for Slate. Washington has struck a tacit bargain with Wall Street, the ex-governor says: Taxpayers bail out the financial... More »

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Eliot Spitzer • financial sector • bank regulation • deregulation • Troubled Asset Relief Program • financial crisis • TARP • regulator

21 - 40 of 79 Stories | << Prev 1 2 3 4 Next >>


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