Wednesday, August 1, 2012

Am I a Goldman Sachs client or a muppet?

MARKETWATCH FRONT PAGE

Greg Smith, an executive at Goldman Sachs, resigned in dramatic fashion: a blistering op-ed in the New York Times. But how many of his grievances are true? See full story.

Citi among banks that fail Fed stress test

Ally Financial, Citigroup, MetLife and SunTrust Banks don�t have enough capital under a stress test conducted on 19 big banks, the Federal Reserve says. See full story.

Italian auction, Fed send Europe stocks higher

European stock markets rise Wednesday, with banking in the lead after a favorable bank stress test from the Federal Reserve and upbeat comments about the recovery, while borrowing costs fell at an Italian auction. See full story.

U.S. stocks extend gains on stress tests

U.S. stocks trade slightly higher Wednesday, in the wake of largely positive results from stress tests for the nation�s biggest banks. See full story.

March Madness brings business back home

For a mid-major school, there can be big financial rewards for making it to the Big Dance. See full story.

MARKETWATCH COMMENTARY

Instead of acknowledging that banks have become a part of government, we keep pretending they are private institutions, writes David Weidner. See full story.

MARKETWATCH PERSONAL FINANCE

Higher fees are sneaking into the overall cost of most mortgages. But given ultralow interest rates these days, it�s likely few borrowers will notice. See full story.

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