The Dow Jones Industrial Average closed above 15,000 for the first time ever on Tuesday. However, despite the record-breaking nature of the even, Wall Street seems sort of unimpressed.
In January, Rep. Jeb Hensarling, R-Texas, ascended to the powerful chairmanship of the House Financial Services Committee. Six weeks later, campaign finance filings and interviews show, Hensarling was joined by representatives of the banking industry for a ski vacation fundraiser at a posh Park City, Utah, resort.
The allure of Silicon Valley (and Alley) over Wall Street for would-be bankers makes sense in theory, but it's not really a better career bet.
The federal government has charged Scott London, a former partner at accounting powerhouse KPMG, of insider trading, in what might be one of the most stupidly brazen corporate crimes anyone has seen in quite some time.
Wall Street banks paid out nearly $122,000 in bonuses per banker last year, an increase of 9 percent over 2011 — and some 142 percent of the last available median household income recorded in this country.
Jack Lew is well-known and well-respected for quietly doing his job well. He is not as well known for quietly quitting his job well.
The Dow is hovering around that big round number, and as we finish off a fifth straight week of positive growth for the market, hell, that's not a bad start to 2013.
You know that term "fair weather friend?" No? Let us introduce you to Bank of America, the nation's largest lender, instigator of the Financial Crisis and newfound believers in customer service.
Bill Ackman and Carl Icahn just took their Herbalife scuffle to CNBC for perhaps the most entertaining half-hour in the history of financial news television. Here's the story behind the story, and who came out on top.
Did you buy Apple stock recently? If yes, we're sorry. Because on Thursday, Apple stock plummeted a gut-wrenching 12 percent. That amounts to $52 billion of money that's just gone.
We use computers for so many things over the holidays, from online shopping to video chatting, so why not go all in and let it run the stock market, too?
The "repositioning action," as they so eloquently put it, comes as the bank isn't doing well overseas and looks to get out of some less profitable emerging markets.
After making her name defending the little guy from the greedy clutches of Wall Street's worst villains, Elizabeth Warren will finally have the chance to grill the country's top bankers on the Senate Banking Committee.
Mary Schapiro, one of Barack Obama's first important economic appointments — who became one of his most controversial — will be leaving her post next month, and Obama has already replaced her.
Wall Street does not donate to Barack Obama like it used to, and this striking month-by-month comparison chart from Center for Responsive Politics shows just how much its fallen out of love with the president since the last election.
The surprise resignation of Citigroup CEO Vikram Pandit last week seemed suspect to many observers, but a new report in The New York Times explains how Pandit was actually given an unsavory choice: Quit or be fired.
Over the last month, Facebook has been spelling out its new take on advertising, a lot of which involves giving your personal information to marketers. Over that same period, its stock price, which had been in freefall since its IPO, has climbed back 25 percent, leading us to believe that Wall Street likes its new data-driven, privacy-challenging ad strategies.
The U.S. Treasury moved to reduce its stake in AIG to below 50 percent on Sunday as it continued to keep its promise to distance itself from the controversial 2008 bailout.
JPMorgan CEO Jamie Dimon may have spent months crusading against regulations that would've saved his bank some $6 billion in losses, but he's not going to stop crusading. Why not? Allow Dimon to explain: "It’s a free. Fucking. Country.”
Did you catch the scary swings in the market yesterday? Turns out they were caused by a computer glitch that ended up costing a single trading firm $440 million.
If toothless federal regulations is your pet cause, look to Iran for inspiration: It just sentenced four bankers involved in a billion-dollar financial scandal to death.
This confirms all stereotypes, right? A new survey proves that — yes, indeed — some Wall Street executives are kind of corrupt.
It's only been a few years since one of the country's worst financial collapses destroyed the economy but already, the regulatory apparatus designed to prevent another such a catastrophe is being gutted by House Republicans.
The CEO of JPMorgan Chase will testify before the Senate Banking Committee on Wednesday, where he will apologize for losing $2 billion in shareholders' money, while simultaneously trying to convince lawmakers that it wasn't that a big deal.
Newark Mayor Cory Booker's appearance on Meet the Press in which he condemned attacks on Mitt Romney's career at Bain Capital as "nauseating" and urging Democrats to "Stop attacking private equity" went great -- for Cory Booker.
Today in Ad Watch: Mitt Romney fantasizes about President Romney, President Obama loves higher-ed because he loved his mom, Karl Rove's Super PAC gets into the Nebraska Senate race, and Democrats gloat over the negative coverage of Romney's business career.
Everyone hates Bruno Iskil for single handled costing JPMorgan $2 billion, but some titans of finance wield just as much power over financial markets by uttering a few words -- and get rewarded handsomely for it.
It just took one phone call but the career of Jamie Dimon "the King of Wall Street" and CEO of JP Morgan Chase is on the line.
JPMorgan Chase revealed in a late-day SEC filing on Thursday that it's lost $2 billion due to some reckless trading of synthetic credit securities.
Based on accounts we've seen, the first stop on Facebook's IPO roadshow was a hectic event.
Investors gritted their teeth on Thursday afternoon when The Wall Street Journal reported that Facebook will set its initial public offering in the high-$20 to mid-$30 range, putting the social network at a $85 to $95 billion valuation.
President Obama's message to reluctant Wall Street donors is simple: Vote for me because I will win, and you want to be on the side of a winner.
The New York Post has never been a fan of Occupy Wall Street, but the relish with which they tear at Occupy's reemergence on the scene with yesterday's May Day protests is fairly epic—even by Post standards.
Thursday we defended our hapless romantic spreadsheet user—a man who used an Excel document to "keep track of" dates he met on Match.com. Now, we hear from an actual human woman who interacted with him online.
After getting pummeled by market forces for the better part of last year, the lights are starting to flicker back on at Bank of America.
The shareholders of Citigroup voted to reject the generous pay package of the CEO Vikram Pandit this week, setting up a potential showdown that could ripple throughout the financial world.
Exactly one week after peaking at over $623 a share, Apple's stock appears to be in free fall having sunk for five consecutive days.
Sergey Brin and Larry Page pulled a fast one on Wall Street today, not only releasing reasonably impressive quarterly earnings numbers but also creating a new class of non-voting shares -- "effectively a stock split," as they put it in a press release.
There's a new Wall Street workout in town.
Turns out letting people in the finance biz tweet about work isn't all too exciting to anyone not in the finance world.
It's another week, and another 25 banks have joined the Facebook's initial public offering party, bringing the grand total of financial backers to 31.
We hate to spoil your spring, but all of that positive progress the stock market made toward getting the Dow Jones Industrial Average breaking 13,000 seems a little premature after the bottom fell out on Tuesday.
What's next for Watson, the most famous Jeopardy! contestant in recent years? A job on Wall Street, of course. His first client is Citigroup, for which he will analyze customer needs and process data.
Sure, everybody had fun mocking bankers for complaining about losing their bonuses last week, but the high-finance types just got some legitimately troubling job news: A new estimate from a New York City budget watchdog says bonuses on the street fell by 25 percent, and lots of layoffs are just around the corner.
It's hard not to make a cheesy pun about Facebook friending practically all of the major banks on Wall Street for its upcoming mammoth of an initial public offering.
Three cheers for the Standard & Poor's, whose S&P 500 index closed on Friday at 1,365.74, its highest level since June 2008.
In an assertive but unsurprising move, the Obama administration threw a road block between Wall Street and some of the world's most prominent organized crime gangs, including a yakuza godfather and his deputy.
As 30 or so protesters rallied for workers' rights outside on Thursday, Apple chief executive Tim Cook led the company's first shareholder meeting since the death of Steve Jobs and, more than once, dropped the F-bomb.
It seems New Yorkers can't get comfortable in one neighborhood without being told that a new neighborhood is the neighborhood to be in. Or not to be in, as the case may be.
Samantha Daniels, a “professional matchmaker and dating expert,” has taken to CNBC with a tip sheet on how to date Wall Street men.
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