Bank of America, the best performer in the Dow Jones Industrial Average for 2012, has more than doubled since the start of the year as the company rebuilds capital and investor confidence.
Bank earnings could hit a record $38bn in the fourth quarter, while the industry is poised to have a solid 2013, well-known analyst Dick Bove told CNBC on Monday.
Wells Fargo has bought a stake in Rock Creek Group LP to provide more hedge-fund offerings to clients amid a push to double the asset-management unit within seven years.
Goldman Sachs and Bain Capital Partners are set to defend what they call legitimate private-equity practices against investor claims that buyout firms and their bankers colluded to rig bids on takeovers.
Level Global Investors co-founder Anthony Chiasson and former Diamondback Capital Management portfolio manager Todd Newman were convicted of securities fraud and conspiracy for an insider-trading scheme that reaped more than $72m.
The Securities and Exchange Commission has charged a Connecticut-based investment adviser with falsely stating to clients that it was co-investing alongside them in two collateralized debt obligations (CDO).
Gone but not forgotten.
Jefferies Group has said fiscal fourth-quarter profit rose 48%, beating analysts’ estimates, as trading revenue surged.
The National Credit Union Administration (NCUA) has filed suit in Federal District Court in Kansas against J.P. Morgan Securities and Bear, Stearns & Co., alleging violations of federal and state securities laws in the sale of $3.6bn in mortgage-backed securities to four corporate credit unions.
Knight Capital Group's board was split between two competing offers for the firm after a meeting on Monday where suitors Getco Holding Company and Virtu Financial presented their sweetened bids to Knight's directors, sources involved in the talks said.
Greece’s date with destiny started with its upstart prime minister, Alexis Tsipras, being slapped on the face.
Like a husband forgiven for countless infidelities, Greek leader Alexis Tsipras is back in Brussels with a wink and a smile and yes, another kiss and make-up proposal. Only this time, it looks like the marriage is saved.
The most expensive divorce in history may soon become the most expensive divorce reduction in history.