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New York Attorney General Andrew Cuomo has filed a civil lawsuit against Ernst & Young, alleging that the accounting giant helped now-defunct investment bank Lehman Brothers hide billions of dollars in debt from its investors via loans disguised as sales.
Where are the best deep-value investment opportunities? Where there is the most pessimism, of course. In this short video, fund manager Tom Villata talks about where he sees the greatest opportunities among blue-chip tech stocks and financials.
A former Goldman Sachs computer programmer has been convicted of stealing trade secrets and property in an effort to help a Chicago-based startup develop its own high-frequency securities trading operations.
The U.S. stock market has been on a tear since Sept. 1, but technical caution flags are now appearing in the charts. A close look at action in the VIX, S&P 500, Nasdaq 100 and financials reveal that the tide may be about to start going out.
The nation's second-largest bank by assets said third-quarter income rose 23% to $4.4 billion, or $1.01 a share. While investment and retail banking revenue slipped, JPMorgan was able to set aside less money to cover bad loans, which accounted for the better-than-expected earnings in the quarter.
It's eight months before tax season, but our experts are already on hand to tackle your personal finance questions. Leave a comment down below and we'll get on it. Here, the experts help readers with questions about changing careers, taxes and health care. Question: I am weighing a career change...
Friday's seesaw day ended mixed, as a relief rally on the compromise reached for financial regulation reform offset concern over a downward revision to first-quarter GDP. Still, the Dow lost more than 300 points this week, abruptly ending a healthy two-week rally.
Much like tech stocks after the dot-com bubble burst, financials have survived another burst bubble, this time in credit. And much like techs did, financials could be facing an extended stretch where survive is the best they can do. Thriving again isn't in sight.
Bet you thought the financial world had learned a bit of prudence from the recent meltdown. But no. Citigroup has a clever new derivative for the markets, and this latest attempt at selling "end-of-the-world insurance" could be just as dangerous to the system as credit default swaps were.
International banking giants Banco Santander and Banco Bilbao, have gone on buying sprees abroad even as conditions at home declined sharply. But as their loan losses mount, the markets are finally looking past the banks' blithe optimism, seeing red -- and selling off.

Market Movers

SymbolLastChange / %Volume

Most Actives

BAC
Bank of America Corp
8.10-0.09
-1.04%
158.19M
ALU
Alcatel-Lucent (ADR)
2.20+0.26
+13.14%
95.52M
GE
General Electric Company
18.90-0.24
-1.23%
26.45M
F
Ford
12.41-0.28
-2.21%
25.99M

% Gainers

CIE
Cobalt International Energy
32.62 +8.72
+36.49%
14.25M
LNKD
LinkedIn Corp.
89.53 +13.14
+17.20%
9.05M
ALU
Alcatel-Lucent (ADR)
2.20 +0.26
+13.14%
95.52M
WNS
WNS (Holdings) Limited (ADR)
10.52 +1.12
+11.91%
2.68M

% Losers

KV-A
K V Pharmaceutical Co. Class A
2.10-0.51
-19.54%
1.45M
KV-B
K-V Pharmaceutical Co. Class B
2.16-0.47
-17.87%
4,779
NBG-A
National Bank of Greece SA (ADR)
5.74-1.01
-14.96%
125,314
OSG
Overseas Shipholding Group, Inc.
10.43-1.40
-11.83%
1.35M
Newswire

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