MARKETS / FINANCE

Goldman Sachs Group Inc posted a 53 percent decline in quarterly profit on Wednesday, in part reflecting lower results in fixed-income trading.

After the stock market's fourth-quarter bang, investors expected a bigger boom than they got from leading custody banks State Street and Bank of New York Mellon .

A Swiss court found former banker Rudolf Elmer guilty on Wednesday of breaching strict banking secrecy for publicizing private client data and of threatening an employee at his former firm Julius Baer.

Stocks mostly fell on Wednesday as disappointing results from Goldman Sachs and Wells Fargo deflated hopes for strong bank earnings in the last quarter.

U.S. President Barack Obama and Chinese President Hu Jintao vowed on Wednesday to work to find common ground as the two countries announced $45 billion (28 billion pounds) in export deals.

South African mobile operator MTN and insurer Sanlam said on Wednesday they have teamed up to offer health services through mobile handsets.

More U.S. technology and engineering workers got bonuses and pay raises last year than in 2009, but the pay hikes were tiny for professionals outside large corporations and Silicon Valley

One in five young Italians, or more than 2 million people, are not studying nor working, the highest percentage of idle youths in the European Union, the national statistics office said on Wednesday.

German software maker SAP is preparing to restructure and has hiked sales and margin targets to prop up its sagging shares amid litigation woes, weekly Manager Magazin reported.

I would like to change careers and was curious how I could have my volunteer experience be seen as actual work experience. For the past 9 years, I have been a financial counselor at a local hospital

Employees at Goldman Sachs Group Inc earned an average of $430,700 each in 2010, down 13.5 percent from 2009 but still more than eight times as much as the average U.S. household income.

After a lengthy absence, [other] asset managers and central bankers are readmitting gold back into the group of prudent asset classes, writes Thomas Kaplan, chairman of New York's Tigris Financial advisory and asset-management group, in today's Financial Times.

Citigroup Inc named investment bank chief John Havens president and chief operating officer on Wednesday, expanding its most senior level of executives and elevating a long-time friend of Chief Executive Officer Vikram Pandit.

Stocks fell on Wednesday after Goldman Sachs posted a decline in quarterly profit, denting investor optimism.

Citigroup Inc named investment bank chief John Havens president and chief operating officer on Wednesday, expanding its most senior level of executives and elevating a long-time adviser to Chief Executive Officer Vikram Pandit.

US Bancorp reported higher-than-expected fourth-quarter earnings on Wednesday, aided by lower loan losses and the largest increase in new loans since the fourth quarter of 2008.

Bank of New York Mellon Corp , one of the world's largest custody banks, said its fourth-quarter profit from operations increased 10 percent as acquisitions bolstered fee income.

Goldman Sachs Group Inc posted a 53 percent decline in quarterly profit as trading revenue tumbled, spoiling hopes that Wall Street's most influential bank might buck a volatile climate that has hurt rivals such as Citigroup Inc.

Wall Street was set for a lower open on Wednesday after Goldman Sachs posted a decline in quarterly profit, denting investor optimism about a strong earnings season.

Stock index futures were little changed on Wednesday as investors awaited results from Goldman Sachs Group and Wells Fargo after financial stocks fell in the previous session on disappointing results from Citigroup.

Stock index futures were little changed on Wednesday as investors awaited results from Goldman Sachs and Wells Fargo after financial stocks were weighed in the previous session by disappointing results from Citigroup.

Citigroup Inc plans to name John Havens as president and chief operating officer as part of a structural overhaul to address the bank's efforts to expand, the Wall Street Journal said.

World stocks hit their highest in nearly 2-1/2 years on Wednesday and the dollar dipped to eight-week troughs as strong fourth-quarter corporate earnings boosted confidence the world economic recovery would keep its momentum.

Goldman Sachs Group Inc's decision to scale back a heavily publicized sale of shares in social network site Facebook shows how the bank risks losing its edge as financial regulation intensifies.

A new Executive Order by US President Barack Obama has laid down regulatory measures on Tuesday to promote the country's economic growth and foster job creation while protecting the health and well-being of Americans throughout effective regulations.

Swiss Bank UBS will revise its dress code 44-page dress code telling its Swiss staff how to present themselves, which sparked worldwide ridicule for its micro-management of their dressing and dining habits.

Goldman Sachs Group Inc's decision to scale back a heavily publicized sale of shares in social network site Facebook shows how the bank risks losing its edge as financial regulation intensifies.

Washington Mutual Inc could be out of bankruptcy in March after reworking its recently rejected plan of reorganization, the attorney overseeing the company's bankruptcy said on Tuesday.

AIG chose Bank of America Corp , Deutsche Bank AG , Goldman Sachs Group Inc and JPMorgan Chase & Co to manage the sale of the government's 92 percent stake in the insurer, two people familiar with the situation said on Tuesday.