GOLDMAN SACHS

Top Bank of America Corp lawyers knew as early as January that American International Group Inc was prepared to sue the bank for more than $10 billion, seven months before the lawsuit was filed, according to sources familiar with the matter.

Stock index futures pointed to a weaker open for equities on Wall Street Tuesday after steep gains in the previous session, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 0.2 to 0.3 percent.

Lehman Brothers Holdings Inc will ask a bankruptcy judge on Tuesday to let creditors vote on its $65 billion payout plan, a key step toward ending the biggest bankruptcy in U.S. history.

Switzerland's banking industry may have to slash 10,000 jobs by the end of next year, particularly at Swiss subsidiaries of big foreign banks, Swiss newspaper SonntagsZeitung reported.

Conventional wisdom in legal circles has long held that Goldman Sachs (GS.N) might escape further large fines or criminal charges for its role in the 2007-2009 financial crisis after reaching a $550 million settlement with securities regulators in July 2010.

Billionaire Warren Buffett would invest $5 billion in Bank of America Corp. (NYSE:BAC), expressing his biggest vote of confidence in the banking giant.

Legendary investor Warren Buffett made a phone call to Bank of America CEO Brian T. Moynihan on Aug. 24 and offered to invest a staggering $5 billion in the bank. The Bank of America shares had been in doldrums amid questions over its liquidity situation and rumors that it would need a massive capital injection.

Warren Buffett showed again this week that his name and money is enough to give a struggling company instant credibility in the market. But the legendary investor also demonstrated his canny command of that reputation means that such deals can immediately generate profits.

Steve Jobs on Wednesday resigned as chief executive of Apple, marking an end to his 14-year reign at the consumer electronics giant he co-founded in a garage.

Goldman Sachs is set to cut salaries for some of its London investment bankers as an agreed two-year pay rise deal comes to an end, a source familiar with the matter said.

Bank of America's shares skyrocketed 25 percent on Thursday after announcing Warren Buffett's $5 billion investment in the company.

The big price drop Wednesday in the price of gold is not the beginning of a trend, say analysts, but rather a pause in a longer term bull market that has a lot farther to run.

Several major banks cut sharply their oil price forecasts on Tuesday, with Citigroup saying that even if the United States printed more money, oil would stay depressed by weak economic growth and fresh supplies from Libya.

UBS announced cuts of 3,500 employees on Tuesday, mostly in its investment banking division, as the layoff trend continues in the banking industry.

Oil prices rose on Tuesday, boosted by better-than-expected manufacturing data in Germany and China and by uncertainty in Libya where government loyalists staged a fight back.

Stocks rose on Tuesday, but a rally from premarket trading faded for a second consecutive day, a sign the recent bout of selling may not yet be exhausted.

Stock index futures rose sharply on Tuesday, tracking global equities that gained after gauges of Chinese and euro zone economic activity came in less gloomy than feared.

Stock index futures rose sharply on Tuesday, tracking global equities that gained after gauges of Chinese and euro zone economic activity came in less gloomy than feared.

Goldman Sachs CEO Lloyd Blankfein hires Reid Weingarten, a high-profile defense attorney.

Nobel Laureate Paul Samuelson is famous for saying the stock market predicted nine of the last five recessions.

U.S. Sen. Bernie Sanders, I-Vt., says speculators have contributed to oil’s high price – hurting the U.S. economy and wreaking havoc on family budgets, and he’s proposed a bill that he believes will help stop it.