Time for Broker Crackdown as Abuses Cost Retirement Savers Billions: Obama Aide
A leaked White House memo estimates the cost to 401(k) savers of broker practices like excessive trading and calls for tighter rules.
Goldman Sachs Profit Declines on Drop in Fixed-Income Trading
The firm posted its lowest annual trading revenues since 2005.
Citigroup Profit Misses Estimates on Year-End Trading Drop
Weakness in fixed income worse than CEO Michael Corbat's recent predictions.
Sallie Krawcheck Misses Wall St., Warns Volatility Will Hurt Banks
“I'm a recovering research analyst, so I am a skeptic of everything,” Krawcheck said.
5 Flags the Market Is Waving at the Fed
A look at several charts tells the story of the factors weighing on traders' minds.
Oil Slump Blindsides Bulls That Wagered on Rout Ending
“A number of investors think we’re close to the bottom,” says Michael Lynch, president of Strategic Energy and Economic Research.
Bank of America Granted Penalty Relief After SEC Compromise
The SEC has resolved an impasse over punishing Bank of America in a mortgage case, clearing the way for a $16.7 billion global settlement.
Brent Crude Futures Rise From 4-Year Low; WTI Oil Rebounds
Brent crude climbed from the lowest level in almost four years on speculation prices decreased more than justified.
Saudis Sitting Pretty in Global Oil Price Plunge
There’s still only one country in a position to choose winners and losers in the global market: Saudi Arabia.
S&P 500 Pares Biggest Loss Since 2011; Bonds Trim Rally
Jittery markets go through wild ride but recover at close. S&P lost 3% but ended day down 0.8%.