Three senior Goldman Sachs Private Wealth Management advisers left the bank earlier this month to form an independent San Francisco boutique, Seven Post Investment Office LP.
The top U.S. securities regulator has formed an advisory panel of fast-growing companies and venture capital funds as it reviews whether it needs to update rules on how private companies can access public investors.
JPMorgan Chase & Co's trading revenue is running 30 percent lower this quarter than the previous period, while investment banking fees are likely to fall by about 50 percent, a senior executive said on Tuesday.
Companies that make the gene-sequencing devices used in scientific research face a tough few years as potential cuts to the U.S. federal budget squeeze funding to its main academic and research customers.
Analysts have been slashing earnings estimates for big Wall Street banks recently, particularly for Goldman Sachs, as unpredictable trading markets and weak merger and underwriting volumes hurt the sector's profit potential.
Star bond fund manager Jeffrey Gundlach made a surprise third appearance on the witness stand on Monday in his high-stakes trial with his former employer, Trust Company of the West.
Goldman Sachs and Morgan Stanley are each in talks to buy an Indonesian brokerage firm to expand their reach into the booming capital market of Southeast Asia's biggest economy, sources said.
(Reuters) - McGraw-Hill Cos Inc. plans to split into two public companies, with one holding its Standard & Poor's ratings and index businesses and the other holding its textbook publishing units.
No sector appears immune, including technology, which is supposed to be the source of future prosperity
Bank of Nova Scotia (BNS.TO) said on Friday it will buy a near 20 percent stake in Bank of Guangzhou for about C$719 million ($722 million) to expand its footprint in China, becoming the latest foreign bank to invest in a Chinese bank before the bank does an IPO.
The global economic slowdown has brought emerging Asia's rate-hiking cycle to a premature pause and the next step could be easing if the United States slides into a recession or Europe's debt troubles spawn a full-blown financial crisis.
European shares kept falling Friday, with investors disappointed on U.S. stimulus measures, and banks lower after Goldman Sachs downgraded target prices across the sector.
Harris Williams & Co. has hired Mike Wilkins to help the investment-banking unit of lending giant PNC Financial Services (PNC.N) become involved in more Silicon Valley deals.
Facebook's revenue doubled to $1.6 billion in 2011's first half, a source with knowledge of its financials told Reuters, underscoring its appeal to advertisers while it grapples with intensifying competition from the likes of Google Inc.
Facebook's revenue doubled to $1.6 billion in 2011's first half, a source with knowledge of its financials told Reuters, underscoring its appeal to advertisers while it grapples with intensifying competition from the likes of Google Inc.
Facebook's revenue doubled to $1.6 billion in 2011's first half, a source with knowledge of its financials told Reuters, underscoring its appeal to advertisers while it grapples with intensifying competition from the likes of Google Inc.
In a dramatic policy shift, the Bank of Canada said on Wednesday it saw less need to raise interest rates, becoming the latest major central bank to take a more cautious stance about the worsening global economy.
By firing Carol Bartz, perhaps the best-known woman in Silicon Valley, Yahoo now has a new thing to search for: a new CEO, or perhaps in Yahoo lingo, a new Chief Yahoo.
New York prosecutors are widening their investigation into the manner in which Goldman Sachs marketed certain mortgage-linked securities before the financial crisis, the Wall Street Journal reported, citing people familiar with the matter.
Investors as well as donut and coffee fans might remember last month when Dunkin Donuts' IPO was the hottest thing on Wall Street. The stock had gained 42 percent since Dunkin' Brands Group Inc.'s initial public offering in July. But now one of the banks that managed the IPO has issued a "sell" rating on the company which operates Dunkin' Donuts and Baskin-Robbins stores.
This [austerity] is a plan the country doesn't deserve, CGIL union boss Susanna Camusso told a crowd of strikers in Rome.
U.S. Sen. Bernie Sanders, I-Vt., is madder than you-know-what about high oil and gasoline prices, and he's not going to take it anymore. He's introduced a bill, the End Excessive Oil Speculation Now Act of 2011, that would impose strict limits on the amount of oil speculators can trade in the commodity and futures markets.
