Cable: ‘Banks are ripping us off’
The business secretary tells BBC Panorama that Britain’s banks are not giving private customers and small businesses a fair deal. Click here to read the full story
Read more..Financial Stocks: Financial stocks post worse loss since late May (at MarketWatch)
Financial stocks close Friday with their steepest one-day percentage drop since May 20 on investor concerns about the chance of a double-dip recession and banks ability to generate revenue, fears that overrode better-than-expected profits and Goldman Sachs Group Inc. s settlement. Click here to read the full story
Read more..U.S. stocks thrashed by big banks, sentiment (MarketWatch)
A double dose of discouraging earnings reports and concerns about the pace of the economic recovery wipe out the Dow Jones Industrial Average’s gains for the week. Click here to read the full story
Read more..Stocks drop on weak consumer sentiment, bank earns (AP)
Investors are finding disappointment everywhere and taking out their frustration on stocks. Stocks have closed sharply lower Friday after banks second-quarter earnings fell short of expectations and a new survey found that consumers are becoming more pessimistic. Click here to read the full story
Read more..Stocks drop 3 percent on earnings and data (Reuters)
Stocks slid on Friday as revenues from GE and two major U.S. banks disappointed investors while consumer prices and sentiment data gave further evidence the economic recovery is stalling. Click here to read the full story
Read more..US STOCKS SNAPSHOT-S&P and Nasdaq drop 3 pct on earnings, data (at Reuters)
U.S. stocks slid on Friday as revenues from GE and two major U.S. banks disappointed investors while consumer prices and sentiment data gave further evidence the economic recovery is stalling. Click here to read the full story
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