President Obama's standard gripe is that the economy has performed so poorly during his term because of the financial crisis he inherited from George W. Bush. But this week it is Mr. Obama who has bequeathed to his successors a landmark in ...
MADRID—Bankia SA is planning to ask for €19 billion in financial support from the Spanish government, people familiar with the situation said Friday, in what would represent the largest bank bailout in the country's history.
NEW YORK—A Goldman Sachs Group Inc. director told jurors at the insider-trading trial of ex-Goldman board member Rajat Gupta that he believed discussions by the investment bank's board in June 2008 about possibly acquiring an insurance ...
The longer this London Whale story lingers, the more we are learning about what was going on inside the J.P. Morgan unit responsible for the $2 billion (and counting) loss.
NEW YORK (MarketWatch) — The U.S. dollar rose on Friday, remaining on pace to end a fourth straight week of gains that has taken the greenback to its highest level since 2010.
NEW YORK (MarketWatch) — U.S. stocks languished between modest gains and losses Friday, with Wall Street largely fixated on Spain, where regional banks are struggling with finances and yields that reflect the government’s borrowing costs ...
The board of the Vatican bank voted on Thursday to sack its chairman, saying he had failed to fulfill his duties. Ettore Gotti Tedeschi, an economist who has been the bank's chairman since 2009, oversaw the institution, called the Institute ...
TORONTO (MarketWatch) — What happens if the euro zone unravels, with Greece, Ireland, Portugal and Spain all leaving at the same time as political gridlock drives the U.S. off a fiscal cliff? What if China were no longer willing to fund the ...
Winners & Losers for the week that was in business and deals, Deal Journal's weekly look back and grading system of some of the biggest stories: The Facebook Edition.
The Russians are coming—to Turkey, at least. State-owned Sberbank is in exclusive talks to buy Turkey's Denizbank from its stressed Franco-Belgian owner Dexia for around $3.5 billion. That fits the theme of weak Western institutions ceding ...
By Jacob Bunge and Brett Philbin The market-making arms of UBS and Citigroup suffered combined losses of about $50 million on trades made during last Friday's glitch-plagued listing of Facebook on the Nasdaq Stock Market, according to ...
HONG KONG—Australia's benchmark index closed at a six-month low and the Shanghai Composite Index gave way for the 11th time in 15 sessions as investors focused on worries about the global economy.
SAO PAULO—The Brazilian real opened slightly stronger on Friday after repeated interventions by the central bank reinforced the outlook that the government won't let the real weaken much past BRL2.05 to the dollar.
There has never been a better time to refinance your mortgage. Rates are at record lows. The government is devising new programs to help homeowners. The economy and job market are improving, albeit slowly.