GOLDMAN SACHS

IBTimes Logo

U.S. Bancorp leads banks repaying TARP funds

U.S. Bancorp on Wednesday said it is repaying $6.6 billion in government bailout funds, becoming the first large bank to do so, ahead of nine others given permission to return the money.

Morgan Stanley repays $10 bln TARP

IBTimes Logo
Morgan Stanley on Wednesday repaid $10 billion in government bailout funds after the bank was given permission with nine others to return the money.
IBTimes Logo

BRIC to be world's largest economy in 20 years

The leaders of the world's biggest emerging powers, Brazil, Russia, India and China meet this week for their first formal summit, seeking ways to reshape the global financial system after the worst economic crisis in decades.
More news
IBTimes Logo

Wall St tumbles as commodities, Wal-Mart slide

U.S. stocks slid on Monday as retreating commodity prices drove a selloff in the shares of natural resource companies, while Goldman Sachs' downgrade of Wal-Mart Stores Inc pulled the discount retailer's stock down more than 2.6 percent.
IBTimes Logo

BRIC seeks global voice at first summit

The leaders of the world's biggest emerging markets -- Brazil, Russia, India and China -- meet in the coming week for their first formal summit, seeking a louder voice on the global stage.
IBTimes Logo

Treasury faces pressure on price of TARP exit

The U.S. Treasury Department is facing mounting pressure to ensure that taxpayers get a fair return on banks' warrants as the largest firms prepare to shake off government ownership stakes.
IBTimes Logo

Lawmakers blast Fed, Treasury for BofA threats

U.S. lawmakers accused the Treasury and Federal Reserve on Thursday of using threats and intimidation to force Bank of America to take over Merrill Lynch, a charge Bank of America Chief Executive Ken Lewis denied.
IBTimes Logo

KKR's Fidelity deal no sure cure for IPO ills

Kohlberg Kravis Roberts & Co's deal to sell IPO stocks through Fidelity Investments suggests it might be gearing up to take public some of the companies in its portfolio, despite a market that remains inhospitable to deals backed by private equity.
IBTimes Logo

Wall Street set for gains on commodities

Stocks headed for a higher open on Wednesday, as surging prices for oil and other commodities drove a global equities rally and Home Depot raised its outlook.
IBTimes Logo

Commodities, Home Depot to lift Wall Street

Stock futures pointed to a sharply higher open on Wednesday, as surging prices for oil and other commodities drove a global equities rally and Home Depot raised its outlook.
IBTimes Logo

U.S. clears 10 big banks to repay bailout funds

JPMorgan, Goldman Sachs and eight other top U.S. banks won clearance on Tuesday to repay $68 billion in taxpayer money given to them during the credit crisis, a step that may help them escape government curbs on executive pay.
IBTimes Logo

Wall Street seen higher on techs, energy

Stocks were set to open higher on Tuesday after Texas Instruments raised its quarterly outlook, underpinning other technology stocks, while rising oil prices boosted energy shares.
IBTimes Logo

Goldman, JPMorgan may get OK to repay TARP: reports

The U.S. Federal Reserve is expected to say Goldman Sachs Group Inc, JPMorgan Chase & Co and perhaps a few other banks will be allowed to repay money to the Troubled Asset Relief Program, The Wall Street Journal said on Monday, without saying where it got the information.
IBTimes Logo

U.S. bailout repayment seen bigger than expected: report

The Obama administration is expected to announce next week that a higher-than-expected number of large financial institutions will be allowed to repay their government bailout funds, the Washington Post reported in its Saturday edition.
IBTimes Logo

Morgan Stanley seen among first to exit TARP

Morgan Stanley is likely to be part of the first wave of major banks to exit the U.S. government's bank bailout program after recently selling more than $2 billion of shares, research analysts said on Wednesday.
IBTimes Logo

Goldman Sachs selling up to $1.9 bln in ICBC shares

Goldman Sachs was on Monday selling up to about $1.9 billion worth of shares in Industrial and Commercial Bank of China at a discount of 4 percent to 6 percent to the Chinese lender's Monday closing price, according to a term sheet.
IBTimes Logo

SunTrust speeds up capital-raising plan

SunTrust Banks Inc , a U.S. Southeast regional bank ordered by federal regulators to raise $2.2 billion of equity capital, on Monday speeded up a previously announced capital-raising plan, hoping to benefit from recent investor demand for banks' securities.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.