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Bank balance sheets are incomprehensible, even to experts
Sarah Gardner Jan 2, 2013
After the financial crisis, banks are bigger and are complying with more regulation. That means many more pages in their annual reports, but look closely, and the metrics hide straightforward information about the banks' health.
UBS could face a $1 billion LIBOR settlement
Stephen Beard Dec 14, 2012
The Swiss banking giant UBS is reportedly headed for a $1 billion settlement over accusations it rigged LIBOR interest rates -- the benchmark for global lending.
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.
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.
Facebook employees poised to cash in
Bob Moon Oct 23, 2012
Restrictions on the sale of Facebook stock by the social media firm's employees end this week, meaning many of them will be millionaires, not just millionaires "on paper." But the sale will likely drive the stock price down.
Weak ad revenue pulls Google down
Jeff Horwich Oct 19, 2012
Yesterday Google accidentally fired off its earnings announcement three hours ahead of schedule and profits fell quite short of expectations.
Google shares drop as declining ad prices hit profits
Eve Troeh Oct 18, 2012
Google's quarterly earnings report was mistakenly released while markets were open, instead of after. A 20 percent drop in profits, as prices of online and mobile ads decline, sent shares down immediately.
Bank earnings kick off with JPMorgan blockbuster
Mitchell Hartman Oct 12, 2012
The financial sector is doing better than last year on a bumper mortgage business and lower loan-loss reserves.
Bank profits could hinge on bad-loan reserves
Mark Garrison Oct 11, 2012
Hit by new regulations and low interest rates, banks are likely to dip into reserves for bad loans again to boost third-quarter profits.
Goldman Sachs switches support to Romney
Sarah Gardner Oct 9, 2012
Goldman Sachs has long supported Democrats in the presidential contest. But not this year. Why Goldman and other Wall Street banks are throwing their support behind Mitt Romney.
