Initial jobless claims fell to their lowest level in nearly four years, another sign of improvement in the long-suffering labor market.
The ratings firm Fitch downgraded a cluster of the world's largest banks Thursday, pointing to trading challenges facing international markets.
Authorities are investigating a letter bomb addressed to the CEO of Deutsche Bank that was delivered to the bank's headquarters in Frankfurt, Germany, police said Wednesday.
World markets drifted for a second day Wednesday as investors, worn down by Europe's debt crisis, take to the sidelines ahead of Friday's European summit.
European markets soared Monday, as investors shrugged off fears of economic uncertainty in favor of a dubious report that Italy could be receiving a massive bailout from the International Monetary Fund.
European stocks were getting slammed Monday, after Moody's Investors Service issued a dire warning on French bonds, and Asian markets were dampened by pessimistic remarks made by a high-ranking Chinese official.
The National Credit Union Administration said Monday it became the first federal agency to recover losses on behalf of financial institutions whose failures were tied to bad residential mortgage-backed securities investments.
U.S. stocks are set to start the trading day treading water, as investors remain cautious ahead of a key summit on Europe's debt crisis, and mull over an onslaught of earnings.
World markets plummeted Friday, plagued by insecurity over Europe and fears that the euro zone stability fund might not be enough to pull the Continent out of its ongoing debt crisis.
World markets surged Tuesday on hopes that European leaders are getting more aggressive in coming up with a debt crisis resolution, adding fuel to the banking sector.
Eurozone concerns sparked an international stock sell-off Monday.
U.S. oil prices briefly hit the $100-a-barrel for the first time in over two years Wednesday, as reports of Libyan oil production shutdowns swirled.
Deutsche Bank AG agreed Tuesday to pay more than $550 million for taking part in fraudulent federal tax shelters, according to U.S. regulators.
Gold prices jumped back above $1,400 an ounce Friday to settle at a fresh record-high as the U.S. dollar slid following a surprisingly weak report on the nation's job market.
Oil prices fell Friday after a mixed report on the employment picture.
Two very different views on where oil prices are going by the year's end are emerging - one says $60 or lower, the other $100 or higher, and there's little consensus as to which is right.
Because oil prices have always been directly related to the strength of the economy, a recovery might have seen headlines like these:
Karen Weaver, global head of Deutsche Bank's securitization research division -- responsible for analyzing credit default swaps, collateralized mortgage obligations, and other exotic Wall Street products -- said last week that 48% of U.S. mortgage owners will end up owing more than their home is worth by 2011.
Nearly half the nation's mortgage borrowers will soon owe more on their mortgages than their homes are worth, according to a new report.
AIG gave in to demands from Congress Sunday, naming the banks that pocketed billions of dollars last fall as part of a federal bailout of the troubled insurer.
CNNMoney: Stocks in chilly openupdated: Wed Jan 14 2009 09:50:00
Stocks slumped Wednesday morning as a dismal retail sales report and ongoing worries about the financial services sector underscored fears about the depth of the recession.
Europe's stock markets opened modestly higher after solid gains in Asia and amid mounting expectations that the European Central Bank and the Bank of England will aggressively cut borrowing costs
As the world loses confidence in the foundations of its economic system, the silver lining may be that oil prices are about to get a whole lot cheaper.
A tight credit market prompted Viacom Inc.'s movie-making subsidiary, Paramount Pictures, to drop a deal for $450 million in financing from Deutsche Bank
Angry investors are suing some of Wall Street's biggest brokers because they can't access money they poured into investments, known as auction-rate securities, that have long been billed as short-term and low-risk.
UBS investors are paying a princely sum for the Swiss bank's real estate ambitions.
It's another gloomy day for the financial services industry.
For New Yorkers it felt like a flashback to Sept. 11. At 3:36 P.M. on Aug. 18, 2007, came a report that a skyscraper was burning about 150 feet from where the World Trade Center's Twin Towers once stood. Thick black smoke was pouring out of the shell of what used to be the Deutsche Bank building. The structure had been badly damaged in the terrorist attack when portions of the collapsing south tower dug a 15-story gash and propelled toxic dust into it. Six years later the bank building was finally being taken down.
CNNMoney: Stocks slide anewupdated: Fri Feb 22 2008 10:37:00
Stocks slipped Friday morning, with financial and technology shares leading the decline, as investors remained uneasy after the previous day's losses.
CNNMoney: Stocks inch forwardupdated: Fri Feb 22 2008 09:32:00
U.S. stocks edged higher Friday as investors focused on individual corporate developments.
CNN's Dr. Sanjay Gupta reports on a new treatment for Alzheimer's that can apparently clear minds in just minutes.
As the market flirts with recession, many of the top performers are healthcare providers, suggesting that the sector could be returning to its old reputation as a safe port in a storm.
CNNMoney: Stocks swell aheadupdated: Wed Dec 05 2007 16:30:00
Stocks rallied at the start of trading Wednesday as talk of further interest rate cuts grew.
Several top Wall Street firm face a New York State probe into whether their packaging and selling of debt tied to high-risk mortgages violated the law, according to a published report.
U.S.-based health care companies have been enjoying a nice sales lift from the weak dollar, which is expected to snowball on the continued weakness of the American currency, analysts say.
The credit crunch has many holders of bank and brokerage stocks quaking in their boots. But Chuck Lahr, manager of Franklin Templeton's Mutual Financial Services fund, isn't one of the worriers. Four years ago Lahr began shifting money out of U.S. financial services and into European financial stocks, which held up better in the recent turmoil.
The head of Deutsche Bank AG, Germany's biggest bank, said Tuesday that conditions in financial markets are starting to stabilize after a month of market swings related to the U.S. subprime mortgage crisis.
Deutsche Bank AG said Monday it had retained former Federal Reserve Chairman Alan Greenspan to advise its investment banking team and clients on a range of issues affecting markets.
Deutsche Bank is expected to announce Monday that it has hired former Federal Reserve chief Alan Greenspan as a senior adviser, according to a published report.
Stocks finished lower Friday amid a steep selloff in the influential chip sector and a rash of hawkish comments from Federal Reserve officials.
Stocks finished lower Friday amid a steep selloff in the influential chip sector and a rash of hawkish comments from Federal Reserve officials.
Stocks turned weaker Friday afternoon, amid a steep selloff in the influential chip sector and a rash of hawkish comments from Federal Reserve officials.
CNNMoney: Stocks turn mixedupdated: Fri Feb 09 2007 10:06:00
Stocks struggled Friday morning, as investors welcomed upgrades on the Big Three automakers and a strong start for hedge fund Fortress Investment Group, but held back as oil flirted with $60 a barrel and Treasury yields jumped.
Deutsche Bank Securities was dropped as an underwriter of the initial public offering of car rental company Hertz Global Holdings Inc.
Deutsche Bank Aktiengesellschaft ranks no. 48 on FORTUNE's Global 500 this year, with $76.2 billion in revenues, up 36.9% from the previous year. The Frankfurt, Germany-based company was ranked no. 68 on the 2005 list. Its 2005 profits were $4.4 billion, up 42.6% from a year earlier. 2005 was a banner year for most Global 500 companies.
Robotic arms could be the future for surgery, and the future looks bright, but it won't come cheap.
Germany's two-largest financial companies, Allianz AG and Deutsche Bank AG, each trumpeted market conditions for posting better-than- forecast profit growth during the first quarter.
Now that the nation's big drugmakers have reported mostly strong first-quarter results, how do things look going forward?
Despite a tough investing environment and mediocre returns, investors in hedge funds say they plan to put more money into those funds, according to a new survey.
We're in the countdown to the December jobs report, always a big market focus and often a big market mover.
Bond prices surged Friday after a report showed far fewer jobs were created in November than expected, and the dollar struck a new low against the euro, reversing a brief rally that began late Thursday.
Stocks rose Monday, posting small gains at the start of a week heavy on economic and earnings news.
Technology stocks ended mostly lower Wednesday, after a downgrade on Cisco Systems Inc. brought down sentiment in the entire tech sector.
Deutsche Bank Securities will pay $87.5 million and Thomas Weisel Partners will pay $12.5 million to settle conflict-of-interest securities research charges with government regulators, the Securities and Exchange Commission said Thursday.
Citigroup is Viagra for Deutsche Bank's share price.
The economy grew at a slightly faster pace in the fourth quarter than initially estimated, the government said Friday, as robust business investment offset sluggish consumer spending and a wider trade gap.
For a man about to go on trial for a crime that could send him to prison for ten years, Josef Ackermann, CEO of Deutsche Bank, seems remarkably calm. It's not long before Christmas, and sitting in ...
Will a game of chicken among three European financial giants delay the redevelopment of ground zero?
If you're bewildered by the President's $350 billion tax package, you're not alone. What with labyrinthine "sunset provisions," the changes in the double taxation of dividends, and other tax tongue...
Deutsche Bank recently discovered a nasty problem at its 40-story skyscraper near Ground Zero. No, not structural damage. And not asbestos in the air either. It was something far more unexpected: m...
Back in March, HP CEO Carly Fiorina made another of her famous promises. Referring to her deal-turned-family-squabble to merge HP and Compaq, she vowed there would be "no hanging chads" from shareh...
Money Magazine: Confusionomicsupdated: Sun Apr 01 2001 00:01:00
Those who know Ed Yardeni for his deadly serious warnings about Y2K might be surprised to find he's that rare economist with a sense of humor. Poking fun at his profession's penchant for obfuscatio...
Poor Rolf-E. Breuer. The perpetually tanned chief of Deutsche Bank had hoped that his proposed $30 billion merger with Dresdner Bank would allow him to retire elegantly a couple of years from now a...
As the rocky marriage of Citicorp and Travelers suggests, financial mergers can make for uncomfortable bedfellows. So why does Deutsche Bank CEO Rolf Breuer (pictured above), who has had problems i...
The year 2000 computer bug could leave us hunting, farming and bartering for subsistence, explains a new book. A tract from the survivalist crowd? Hardly. Victor Porlier's Y2K: How to Protect Yours...
On June 29 the head of investment banking for Credit Suisse First Boston, Chuck Ward, checked into the Stanford Park Hotel in Menlo Park, Calif. By the time he left three days later, he had hired t...
Fortune: Street Lifeupdated: Mon Mar 30 1998 00:01:00
BANKERS SAY GOODBYE TO MR. BUMP-UP
In the poaching that rocked Wall Street, Deutsche Bank nabbed Frank Quattrone, a star investment banker at Morgan Stanley, the same guy who helped orchestrate the lucrative Netscape IPO. Nobody eve...
What a difference three months makes! at the end of last year, all six of the broad fund categories that Money magazine covers--as well as the 12 narrower fund types they embrace--were awash in red...
Battered by scandals at client companies, Deutsche Bank and Germany's other blue-chip lenders are being forced to reconsider their cozy relationships with that country's biggest corporations. These...
When investors are making handsome profits in the stock market, financial services companies are likely to do pretty well too. The revenues from brokerage commissions and mutual fund management fee...
To measure your investment IQ, take this quiz, developed with the help of John Markese, president of the American Association of Individual Investors in Chicago. Anyone who keeps up with financial ...
History is unfolding so rapidly in Eastern Europe that it is tempting to just sit back and watch the show. But those who do risk missing what may be the biggest capital investment boom since the re...
Picking a hot foreign stock market last year was simple. All you had to do was tack a poster-size world map on the wall, close your eyes and let fly with a few darts. Almost any country you hit was...
After stalling in the year's first quarter, the West German economy is revving up. German economists predict that gross national product will climb 3% this year and again in 1987. Inflation is just...
AN UPHEAVAL is sweeping international banking. It is best described as the search for life beyond lending. Banks are offering a bewildering array of new financial arrangements that are more like se...
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