GOLDMAN SACHS

U.S. talks to Chrysler lenders to cut debt: sources

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Chrysler LLC's lenders are in talks with the U.S. government to reduce the automaker's debt by swapping some of it out for equity, new debt or a lesser amount in cash, sources familiar with the talks said on Friday.

Chrysler lenders talk to U.S. to cut debt: sources

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Chrysler LLC's lenders are in talks with the U.S. government to reduce the automaker's debt by swapping some of it out for equity, new debt or a lesser amount in cash, sources familiar with the talks said on Friday.
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Bailed-out banks may buy toxic assets: report

U.S. banks that have received government aid, including Citigroup Inc, Goldman Sachs, Morgan Stanley and JPMorgan Chase & Co, are considering buying toxic assets to be sold by rivals under the Treasury's $1,000 billion plan to revive the financial system, the Financial Times said.
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Emerging from U.S. bankruptcy gets even tougher

Bankrupt U.S. companies lucky enough to survive a court restructuring are hitting another roadblock created by the economic downturn -- finding the money they need to put it all behind them.
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President meets banking CEOs, urges restraint

The President’s meeting with the top U.S. bankers on Friday was a non-confrontational gathering, which nevertheless saw the nation’s chief executive tell the industry leaders that it was necessary to show restraint while continuing to help the nation by continuing to lend, according to several reports.
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Goldman Sachs CEO 2008 pay falls 98.4 percent

Goldman Sachs Group Inc Chief Executive Lloyd Blankfein's compensation fell 98.4 percent in 2008, as banks faced huge writedowns and losses due to investments in toxic assets.
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Morgan Stanley recovers lost ground in M&A rankings

In a dry quarter for deals, two massive pharmaceutical transactions helped catapult Morgan Stanley to the top of the league in global adviser rankings, bringing it up from the tenth spot a year earlier.
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Economic optimism boosts Wall Street

Stocks rallied for a second straight day on Thursday, taking the Nasdaq back into positive territory for the year-to-date, on increasing optimism that the economy's worst days are behind after the government reported data that was less dire than expected.
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New York AG subpoenas AIG on CDS contracts: sources

American International Group Inc , which has received $180 billion in U.S. taxpayer money, was subpoenaed on Thursday by New York's top legal officer for information on its credit default swaps contracts, sources familiar with the matter said.
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Goldman says no need to raise cash from big ICBC sale

Wall Street bank Goldman Sachs said on Wednesday it has no need to raise cash by selling a big stake in Industrial and Commercial Bank of China , the world's most valuable lender.
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Wall St set to rise on signs of economic thaw

Wall Street looked set to rise at the open on Wednesday as investors were encouraged by data showing signs the economic downturn was moderating, and by positive comments from President Barack Obama.
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Futures rise on economic hopes; data in view

Stock index futures pointed to a mostly higher open on Wednesday after positive comments on the economy from President Barack Obama, as investors looked to upcoming data for signs of improvement.
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Obama meets with bank CEOs on Friday: sources

U.S. President Barack Obama will meet with about a dozen top bank chief executives on Friday, including executives from JPMorgan & Co, Goldman Sachs and Citigroup, two sources familiar with the matter said on Tuesday.
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Obama to meet with top bank CEOs on Friday: source

President Barack Obama will meet with about a dozen top bank chief executives on Friday, including executives from JPMorgan & Co, Goldman Sachs and Citigroup, a source familiar with the matter said on Tuesday.
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Goldman to repay TARP pending test, U.S. blessing

Goldman Sachs Group Inc is prepared to pay back the U.S. government's $10 billion Troubled Asset Relief Program investment as soon as allowed by regulators, but some hurdles remain, a person familiar with the situation said on Tuesday.
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Goldman Sachs eyes repaying TARP in month: report

Goldman Sachs Group Inc hopes to pay back the $10 billion it took from the U.S. government's $700 billion Troubled Asset Relief Program within a month, The New York Times said on Tuesday, citing people involved in the process.
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U.S. stock futures point to dip after strong rally

U.S. stock index futures pointed to a lower opening on Wall Street on Tuesday, following the previous session's sharp rally fueled by better than expected housing data and by Washington's plan to help banks get rid of troubled assets.
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Goldman may trim ICBC stake: report

Goldman Sachs Group Inc and China's ICBC have been in discussions the New York bank to reduce its stake in the world's largest financial institution, according to a report on Tuesday.
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China promotes overhaul of global monetary system

China on Monday proposed a sweeping overhaul of the global monetary system, outlining how the dollar could eventually be replaced as the world's main reserve currency by the International Monetary Fund's Special Drawing Right.
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Goldman mulls ICBC stake sale: report

Goldman Sachs Group may sell part of its 4.9 percent stake in Industrial and Commercial Bank of China , the Wall Street Journal reported on Monday, citing people familiar with the matter.
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Goldman says did nothing wrong taking AIG payments

Goldman Sachs Group Inc did nothing wrong when it accepted payments to close out trades with American International Group , the giant insurer rescued by the U.S. government, Goldman's chief financial officer said on Friday.
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Goldman CFO feels no guilt over AIG payments

Goldman Sachs Group Inc insists it did nothing wrong when it accepted payments to close out trades with American International Group before and after the insurer was rescued by the U.S. government last September, Chief Financial Officer David Viniar told reporters on Friday.
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House passes tax to recoup most of AIG bonuses

The U.S. House of Representatives swiftly passed a bill on Thursday to recoup controversial bonuses paid to American International Group Inc as Treasury Secretary Timothy Geithner tried to calm the furor by taking responsibility.

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