About NBR“Nightly Business Report produced by CNBC” (NBR) is an award-winning and highly-respected nightly business news program that airs on public television. Television’s longest-running evening business news broadcast, “NBR” features in-depth coverage and analysis of the biggest financial news stories of the day and access to some of the world’s top business leaders and policy makers.
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The financial sector has lagged, so what’s expected to happen with the banks in the second half?
Though JPMorgan Chase CEO Jamie Dimon characterized his throat cancer as “curable,” it’s “not exploitative” to think about his successor, Jeffrey Sonnenfeld, a professor at the Yale School of Management, told CNBC on Wednesday. Read More Jamie Dimon says he has ‘curable’ throat cancer In a note to staff, Dimon said his cancer is believed to …
Bank of America revised its previously announced regulatory capital ratios downward and suspended its share buyback, the company said Monday. The revision was due to an incorrect adjustment related to its 2009 acquisition of Merrill Lynch. Sources told CNBC the errors were discovered in the last few days in the process of preparing the bank’s quarterly …
More than five years after Wells Fargo purchased Wachovia at the height of the financial crisis, one of its key businesses—investment banking—is finally beginning to pay off. Industry league tables— generally treated as scorecards ranking banks based on the number and volume of deals they did—showed the San Francisco-based company creeping into the top 10 …
Regulators approved the Volcker rule, which will bar big banks from using company money to make high-risk investments.
Where do the proceeds of the $13 billion dollar record breaking settlement go?
The government is considering tougher regulations on mutual funds to protect investors.
Meet Wall Street’s new sheriff. He’s responsible for levying billions from banks this year alone and he’s changing the way some big institutions do business.
The tentative $13 billion settlement that J.P. Morgan Chase reached with the federal government could have a negative impact on investors and home buyers.
JP Morgan Chase has tentatively agreed to a $13 billion settlement with the U.S. government for misleading investors and mortgage agencies about the safety of mortgage backed securities that the company sold ahead of the financial crisis.
The Justice Department’s potential $13 billion settlement with JPMorgan may go a long way toward appeasing consumers’ anger at big banks for the financial crisis, but it probably won’t help those same consumers get a mortgage. In fact, it may make it harder. “In my eyes, this tightens credit,” said Paul Miller of FBR. “That is the …
In its first earnings report as a member of the Dow 30, Goldman Sachs beat the Street, but only by taking a chainsaw to expenses. The investment bank reported third-quarter earnings of $2.88 a share on revenue of $6.72 billion. While the firm’s earnings per share were well above FactSet estimates of $2.44 a share, revenue …
President Obama met with top executives of some of Wall Street’s banks as part of his effort to get Congress to raise the nation’s borrowing limit.
JPMorgan spent nearly a billion dollars settling charges related to the “London Whale” debacle, but that doesn’t mean it’s out of the woods yet.
In two separate settlements, JPMorgan has agreed to pay a billion dollars in fines, including over $900 million over the “London Whale” trading fiasco. Will this damage the banks reputation?