Stocks News

Feb. 10 - Wall Street took a tumble and bank stocks sank on concerns about the reworked bank rescue plan.

Bank of America Corp. chief executive Ken Lewis is telling employees he is focused on moving his business forward, despite a depressed stock price and rumors of nationalization.

Investors are frustrated with the government's latest bank bailout plana 'and showing it by unloading stocks.

Investors are frustrated with the government's latest bank bailout plana 'and showing it by unloading stocks.

Treasury Secretary Timothy Geithner said Tuesday the new administration will wage an aggressive battle against the worst financial crisis in seven decades through programs designed to increase consumer lending ...

Swiss bank UBS AG has reported a fourth-quarter loss of 8.1 billion Swiss francs ($6.9 billion).

The results exceed fears by analysts who had expected losses of 6.2 billion francs ($5.4 billion).

Switzerland's biggest bank says the results bring its full-year loss to 19.7 billion francs ($16.77 billion) for 2008.

UBS blamed the losses largely on bad decisions by its investment bank.

Net new money outflows from its wealth and asset management businesses reached 85.8 billion francs ($73.08 billion) during the three months to December.

People walk past a screen displaying the closing figures of the Hong Kong stock market yesterday.

Feb 10 - Japan's Aozora Bank, majority-owned by Cerberus Capital, expects a net loss of $2.1 billion, forcing its foreign president to resign.

THE share market was lower in noon trade as the banks and big miners reacted to an erratic US lead.

The four men who brought down two of our biggest banks appear before the Treasury select committee today.