To meet new tough every Capital Requirements but regulators proposed this last year. The banks have been expecting it and already started raising that new capital according to officials. The rules, something, applying to something called a leverage ratio, apply to banks with assets of more than 700 billion that are systematically important, bank of america, bank of new york mellon, citigroup, goldman sachs, jpmorgan chase, morgan stanley, State Street Corporation and wells fargo and company will be covered under this new rule. They are designed to help protect these banks in another financial crisis and avoid future taxpayer bailouts, though the banks argue the rules will curtail lending and saddle them with higher costs. Melissa . Melissa peter, thanks so much. So back to the markets. They are alive. Stocks back in the green after three days of steep declines but whats really behind all the market mayhem . Here our very own charlie gasparino, barrons Senior Editor jack hough and Finan
Melissa all right. Hank greenberg might be about to get a few helping hands. According to our own Charlie Gasparino, the former aig chief executive is in talks with major investors to fund his lawsuit against the federal government. Charlie is here now along with wall street journals Veronica Dagher and barrons jack otter. Talk about alternative invest . You could invest in lawsuits. Several major investors are investing in hanks lawsuit about the legality of the aig takeover. They are looking to recover 50 billion in damages. They said the way they did the deal basically screwed shareholders compared to the other deals. Steve cohen, ken langone, staun drunkenmiller are interested in rights, is right a security. You fund the lawsuit. Defray melissa that is quite a cast of characters piling on. This. This is good story. Melissa it is a good story. They all attend ad march 6th meeting conducted by hank and david boies, his highprofile attorney. David boies went through the case. Here is
Where it hurts, their wallet. Ashley the tech gurus, with see lisa and the repeated with the 400 bid. The creator of tough needle on how the 2yearold startup is now the number1 rated mattress on amazon. Agreed story. We will bring that enough few moments. Time for a look at these stocks as we head to the floor of the Stock Exchange and our own nicole petallides. Volume is above average but havent given the market any conviction despite the jobs report. We are back to the volatility we have been seeing in 2014, yet many of these in backandforth action we somehow make a record and that is what we did today for the s p 500. You see it in negative territory down 1 point it actually made a new alltime record intraday high and that is the third time this week, the sixth time this year so slowly but surely we are managing to bring that out. The Economic News we had to digest this morning of the jobs report, 175,000 jobs, better than the estimate of 152,000 that people like taking that in stri
Thats the First Time Since 2007, and it caps off the longest winning streak since 2004. As investors disconnect from apple stock, the tech giant is losing its status as king of the stock market. Exxon is back on top with a 417billion market cap versus apples 412. Apple dropped 76 last week. The Federal Reserve begins a twoday meeting tomorrow on Monetary Policy and interest rates. And reports say u. S. Air and American Airlines may soon have a merger deal ready for takeoff. Mark sebastian of options pit mentoring to and says now for a closer look at the markets on this monday morning. Good monday morning to you mark. Good morning angela. The s p 500 closed above 1500. As a trader, are you starting to look for some sell signals . You know, i will say no. If you look at vix term structure, it is saying, buy, buy, buy. If you look at the correlation index, jcj, that is saying buy, buy, buy. Everything im saying is buy. The only places where im really seeing sell signals is in individual n
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