ING Plans $2 Billion Voya Stock Sale to Exit Insurer
ING Groep NV, the biggest Dutch bank, said it will sell its remaining 19% stake in Voya Financial Inc.
Morgan Stanley Agrees to $2.6 Billion Mortgage Settlement With US
Other firms have agreed to spend more than $35 billion over issues tied to the ’08 financial crisis.
U.S. Banks Hoard $2 Trillion of Ultra-Safe Bonds
What do America’s banks know about the state of the U.S. economy that has them hoarding Treasuries?
S&P to Pay $1.5 Billion Fine to US, States Over Mortgage Bond Ratings
S&P will pay more than a year’s profit to settle suits that it inflated ratings on subprime-mortgage bonds.
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.