Stories by Christina Rexrode

Thursday, Aug 1, 2013

Stock market roars to record highs

NEW YORK — Stocks roared back to record highs on Thursday, driven by good news on the economy.
By Christina Rexrode

Wednesday, May 22, 2013

Median CEO pay rises to $9.7 million

The head of a typical large public company made $9.7 million in 2012.
By Christina Rexrode

Tuesday, May 21, 2013

JPMorgan's Dimon survives shareholder referendum

JPMorgan shareholders let CEO Jamie Dimon keep chairman job.
By Christina Rexrode

Sunday, May 19, 2013

JPMorgan CEO fighting for chairman job

NEW YORK - Jamie Di­mon, the chairman and CEO of the country's biggest bank, faces a key test this week: Share­holders are voting on whether to let him keep both jobs.
By Christina Rexrode

Thursday, April 25, 2013

Banks cuts tens of thousands of jobs

In first-quarter earnings announcements this month, Bank of America, Citigroup, JPMorgan Chase, Goldman Sachs and Morgan Stanley revealed that they have slashed more than 31,000 jobs, or 3.5 ...
By Christina Rexrode

Wednesday, April 17, 2013

Lawsuits keep coming for Bank of America

As soon as Bank of America puts one mortgage-related lawsuit behind it, another always seems to rear its head.
By Christina Rexrode

Friday, April 12, 2013

JPMorgan, Wells report record earnings

JPMorgan Chase and Wells Fargo, bellwethers for the banking industry, reported record earnings Friday, but those numbers masked troubling declines in revenue.
By Christina Rexrode

Thursday, March 28, 2013

S&P 500 closes at a record high

NEW YORK - For the second time in less than a month, the stock market marched past another milepost on its long, turbulent journey back from the Great Recession.
By Christina Rexrode

Thursday, March 14, 2013

Fed announces results of banks' stress tests

JPMorgan Chase and Goldman Sachs need better plans for coping with a severe recession, the Federal Reserve said Thursday, giving the banks until September to revise them.
By Christina Rexrode

Friday, Jan. 11, 2013

Wells Fargo earns $4.9 billion

NEW YORK — Wells Fargo shoots to higher profit, revenue, but faces worries over slowing mortgage boom.
By Christina Rexrode

Wednesday, Jan. 9, 2013

AIG won't join lawsuit against US

Afraid of looking like a world-class ingrate, AIG on Wednesday decided against suing the federal government over the $182 billion bailout that saved the giant insurance company from collapse.
By Christina Rexrode

Wednesday, Jan. 2, 2013

Stocks soar on budget deal

The Dow Jones industrial average careened more than 300 points higher, its biggest gain since December 2011.
By Christina Rexrode

Monday, Dec. 31, 2012

Stocks gain on fiscal cliff hopes

By the time trading ended, Republicans and Democrats still hadn't reached a budget compromise, but investors were betting that they would.
By Christina Rexrode

Wednesday, Dec. 5, 2012

Citigroup to cut 11,000 jobs

Citigroup said Wednesday that it will cut 11,000 jobs, a bold early move by new CEO Michael Corbat.
By Christina Rexrode

Tuesday, Dec. 4, 2012

Banks see best profits in 6 years

The gradual improvement suggests that the industry will sustain its healing from the worst financial crisis in decades and help strengthen the economy.
By Christina Rexrode

Wednesday, Oct. 24, 2012

Suit cites 'brazen' mortgage fraud

A federal lawsuit filed Wednesday claims executives at Countrywide Financial urged workers to churn out loans, accepted fudged applications and tried to hide ballooning defaults.
By Christina Rexrode

Tuesday, Oct. 23, 2012

Stocks sink as companies report weak revenue

The Dow Jones industrial average plunged Tuesday to its lowest level in nearly seven weeks.
By Christina Rexrode

Friday, Oct. 12, 2012

Profits surge at top mortgage lenders

The country's two biggest mortgage lenders, Wells Fargo and JPMorgan Chase, reported Friday that a surge in home lending pushed them to record profits.
By Christina Rexrode

Monday, Aug 6, 2012

Knight avoids collapse with $400 million lifeline

Knight Capital Group survived a near-death experience on Monday, lining up Wall Street firms to lend it badly needed cash.
By Christina Rexrode

Friday, July 27, 2012

Dow passes 13,000 on European hope

Stocks rose sharply on Wall Street on Friday as hopes grew for action on the European debt crisis.
By Christina Rexrode
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