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Financial Stocks

Mark Gongloff

Hey, Guess What Thing Banks Are Taking Over Now

HuffingtonPost.com | Mark Gongloff | Posted 07.30.2013 | Business

Here's yet another thing banks are taking over: the stock market. Financial stocks are the second-biggest sector in the Standard & Poor's 500-stock...

Investors Just Love Banks, For Some Reason

The Huffington Post | Mark Gongloff | Posted 12.28.2012 | Business

Quick, what was the best-performing stock sector in the U.S. in 2012? Here's a hint: It was the sector that could not stop getting into trouble an...

BofA Shares Dip Below $5 For The First Time Since March 2009

Posted 12.19.2011 | Business

Shares of Bank of America Corp traded below $5 on Monday for the first time since the depths of the current bear market in March 2009. The sto...

Hedge Fund Manager Pays Back Trading Violation With Penalty

Posted 09.07.2011 | Business

BOSTON - Former hedge fund manager Forrest Fontana, who once worked for industry titan Steven A. Cohen's SAC Capital Advisors, will pay nearly $1 ...

More Tanking Ahead in Banking

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

A few days prior to the release of abysmal housing numbers, Michael Larson, saw it coming. He fired off a commentary in which he took note of the real estate risks and also warned of more chaos in banking.

Financial Reform News Sends Big Bank Stocks Soaring (CHART)

Posted 05.25.2011 | Business

If the latest scare quotes from financial industry are reflective of the industry's concerns about the Senate's newly passed financial reform bill, in...

Euro Higher Than Ever Against Dollar

New York Times | David Jolly | Posted 05.25.2011 | Business

PARIS -- Financial stocks were pushed lower Tuesday in Asia and Europe and the euro hit a record against the dollar as new concerns about the global f...