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European leaders agree ECB should supervise big banks
Stephen Beard Dec 13, 2012
European finance ministers struck a major new deal over their debt crisis. They agreed that the European Central Bank -- Europe’s equivalent of the Fed -- should take over the supervision of the continent’s biggest banks.
Hedge funds crowd first-time buyers out of housing market
David Weinberg Dec 10, 2012
Hedge funds and private-equity funds are buying up hundreds of foreclosed homes at a time, turning them into rentals, crowding out first-time home buyers looking for bargains.
Citigroup announces 11,000 layoffs
Jeff Horwich Dec 5, 2012
This morning Citi says that total is about to shrink -- 11,000 job cuts worldwide in the next year or two, some of them at least here in the U.S.
Rally suggests fiscal cliff deal is done
Dan Bobkoff Nov 19, 2012
Wall Street rallies on optimism that a deal will be reached to avoid the fiscal cliff. Nevermind that Congress is on recess and Obama is in Asia.
Top finance firms gather to discuss LGBT issues
Shereen Marisol Meraji Nov 14, 2012
In London this week, executives from global financial companies held a summit to discuss how to make work culture more LGBT-friendly.
Obama re-election douses Wall Street
Mark Garrison Nov 7, 2012
Share prices tanked the day after Obama’s re-election. Wall Street had rooted for Romney and his corporate, investment and personal tax cuts.
Markets face challenge reopening after Sandy
Mark Garrison Oct 30, 2012
Wall Street gets back to business tomorrow now that the storm has passed by NYC. How will investors react following the layoff?
Allan Sloan: Is Citigroup 'too big to succeed'?
Jeff Horwich Nov 12, 2012
Citigroup has not come roaring out of the financial crisis like Goldman Sachs or JPMorgan Chase. Some analysts think the problems at Citigroup are inherent to the "one-stop-shopping" business model that Citigroup pioneered in the 1990s.
What makes a company 'too big to fail?'
Stacey Vanek Smith Oct 22, 2012
Prudential Financial is under federal scrutiny, along with several other companies, for being a "systemic risk."
25 years after Black Monday, what lessons are learned
Dan Bobkoff Oct 19, 2012
The markets tumbled Friday, but the declines were nothing compared to the Black Monday crash of Oct. 19, 1987. The Dow Jones shed 22 percent -- the equivalent of a 3,000-point drop today.
