Shares Rise After Signs of Progress in Budget Talks
Stocks rose on Wall Street on Monday as investors were encouraged by signs of progress in budget talks in Washington two weeks before tax increases and government spending cuts will take effect if no...
View ArticleDealBook: In Deal, Bank of America Extends Retreat From Mortgages
Correction Appended Kevork Djansezian/Associated PressBank of America bought Countrywide in 2008. 9:00 p.m. | Updated Bank of America is continuing a large-scale retreat from its costly expansion into...
View ArticleDealBook: BNP Paribas Earnings Fall on Write-Downs
Jacky Naegelen/ReutersA branch of BNP Paribas in Paris. PARIS – BNP Paribas, France’s largest bank, posted a fourth-quarter profit far below estimates on Thursday as it wrote down the value of its...
View ArticleDealBook: Wells Fargo Profit Rises 22%
Justin Sullivan/Getty ImagesA Wells Fargo branch in Daly City, Calif. Wells Fargo posted a 22 percent increase in first-quarter profit on Friday as the bank, which is the nation’s largest home lender,...
View ArticleMarch Home Prices See Best Annual Rise in Seven Years
The data on Tuesday also suggested the two segments could act as buffers as the broader economy faces the pinch of belt-tightening in Washington. The SP/Case Shiller composite index of 20 metropolitan...
View ArticleDealBook: JPMorgan and Wells Fargo Feel First Chill of Rising Interest Rates
Mark Wilson/Getty ImagesJamie Dimon, the chief executive of JPMorgan Chase. Even as two of the nation’s largest banks reported record profits on Friday, beneath the rosy earnings were signs that a...
View ArticleEarnings Throw Water on S.&P. 500’s Party
A string of lackluster earnings reports weighed on the stock market on Tuesday, ending an eight-day winning streak for the Standard Poor’s 500-stock index. Coca-Cola, the world’s largest beverage...
View ArticleWall Street Modestly Higher, Helped by Earnings Data
The Standard Poor’s 500-stock index hit an intraday record high on Tuesday before slipping in a tight-range session, while the Dow Jones industrials got a lift from upbeat earnings. The S. P. biotech...
View ArticleOff the Charts: Five Years After Chaos, Shares of Many Big Banks Are Still...
Two weeks later, Lehman Brothers failed and a panic began. The crisis demonstrated how interconnected the world financial system had become and how vulnerable even apparently healthy banks were when...
View ArticleOff the Charts: Some Big Banks Thrive Despite Chaos of 2008
Two weeks later, Lehman Brothers failed and a panic began. The crisis demonstrated how interconnected the world financial system had become and how vulnerable even apparently healthy banks were when...
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