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.
S&P 500 Erases 2015 Loss, Bonds Rally on ECB Stimulus; Oil Drops
The S&P capped its fourth straight gain amid the ECB's stimulus news and strong bank and transportation earnings.
Hedge Funds Cut Oil Bets After Worst Drop Since 2008
“People are willing to buy into the market at these price levels,” said Michael Lynch, president of Strategic Energy & Economic Research.
Commodities Drop to 12-Year Low as Oil Slumps Amid Global Glut
Oil prices are tumbling, but there's even more to the commodity story.
Goldman Fires Bankers After Getting Confidential Fed Info
Goldman Sachs fired two bankers after one of them allegedly shared confidential documents from the Federal Reserve Bank of New York within the firm.
PIMCO’s Ivascyn to Challenge Gross With Unconstrained Fund
The new group CIO is about to go head to head with Bill Gross in the fastest-growing segment of fixed income: unconstrained funds.
Silver Pricing Change Takes Effect; Other Metals to Follow
A 117-year-old pricing system has changed.
BofA to Pay $16.65 Billion to End U.S. Mortgage Probes
The settlement, which includes $7 billion in consumer relief and a $5 billion penalty, is the harshest penalty yet related to the 2008 financial crisis.
Berkshire Rises Past $200,000, Extending Buffett’s Record
Berkshire Hathaway Inc. traded above $200,000 for the first time, further validating Chairman Warren Buffett’s decades-long bet on the U.S. economy.
Morgan Stanley Beats Estimates on Smaller Drop in Fixed Income: Q2 Earnings
Morgan Stanley saw a smaller drop in second-quarter fixed income trading revenue than Citigroup or JPMorgan.