Stories Tagged as
Wall Street
BB&T-SunTrust deal may be the first of a wave of bank mergers
Feb 7, 2019
BB&T Corp. is buying its competitor, SunTrust Banks, in an all-stock deal. The merger of the two southeastern U.S. regional banks is the biggest in the consumer-banking sector since the financial crisis. To some extent, the merger’s the product of the grow-or-die environment for consumer banks — that only by joining forces can the banks compete […]
There's yet another proposal to get the government out of the mortgage-guarantee business
by
Amy Scott
Feb 4, 2019
One of the last big unresolved issues from the financial crisis is what to do about Fannie Mae and Freddie Mac. Together with government-owned Ginnie Mae, they own or guarantee more than half the home loans in the country. Fannie and Freddie have been under conservatorship — bascially government protection and control — since 2008, […]
U.S. markets on track for worst December since the Great Depression
Dec 25, 2018
...and there are many reasons why.
The origin of the holiday half day of trading on Wall Street
by
Janet Babin
Nov 23, 2018
Federal law prohibits markets from being closed more than three consecutive days.
The last CEO standing from the financial crisis
by
Kai Ryssdal
Oct 3, 2018
Cybersecurity is now the top worry of Jamie Dimon, the CEO of JPMorgan Chase.
What else can Big Data do? Pick stocks.
by
Molly Wood
Sep 21, 2018
Credit card swipes, satellite data, media subscriptions ... all kinds of information fuels data-driven investing.
5 things you need to know about Lehman Brothers
by
Eliza Mills
Sep 10, 2018
Lehman's collapse is, to this day, the largest bankruptcy filing in U.S. history.
For public good, not for profit.
The global economy a decade after the financial crisis
by
David Brancaccio
and Jonaki Mehta
Sep 5, 2018
A McKinsey Global Institute report looks at what we learned and the risks we can expect moving forward.
Lloyd Blankfein changed Goldman Sachs. Will David Solomon keep it up?
by
Justin Ho
Jul 17, 2018
Goldman Sachs reported quarterly profits today, beating analyst expectations. As is often the case on Wall Street, the ups were no match for the downs — like heavy legal expenses and weak trading results. But the big news for the bank was that a successor has been named to replace storied Goldman CEO, Lloyd Blankfein, who […]