GOLDMAN SACHS

Fed discount window borrowing topped $110-bin at crisis peak

Chairman of the Federal Reserve Ben Bernanke
During the height of the financial crisis, banks around the world lined up to borrow money from the discount window of the Federal Reserve. In the few months before and after Lehman Brother’s collapse on September 15, 2008, billions were lent out.
IBTimes Logo

Are tools, iron in Warren Buffett's sights?

Warren Buffett's hunt for a large acquisition could lead to targets like Eaton , Illinois Tool Works or Cliffs Natural Resources , all of which seem to fit his recent preference for growth in industries outside of his core insurance unit.
More news
IBTimes Logo

World Market Overview 29/03/2011

U.S. stocks gave up modest gains to turn lower in the final minutes of Monday's trading session, as financials and materials sectors joined consumer and tech stocks in the red.
Traders work on the floor of the New York Stock Exchange

US stocks advance after economic data

U.S. stocks advanced in early trade on Monday, following better-than-expected economic reports on Personal spending and pending home sales in February.
Traders work on the floor of the New York Stock Exchange

World Market Overview 28/03/2011

U.S. stocks gained for the third consecutive day on Friday as investors shook off global fears and focused instead on upbeat earnings.
IBTimes Logo

Pension funds to lead suit vs. Goldman over Abacus

A Manhattan federal judge on Friday named three pension funds as co-lead plaintiffs in an investor lawsuit against Goldman Sachs Group Inc to recover losses tied to the Wall Street's bank's alleged misleading statements about Abacus, a product linked to subprime mortgages.
IBTimes Logo

Goldman, others: didn't seek Tokyo exchange halt

Goldman Sachs and others said they did not urge the Tokyo Stock Exchange to halt trading because of Japan's earthquake and subsequent nuclear crisis, despite a comment from the bourse's chief that some foreign banks had pressed for a halt.
Traders work on the floor of the New York Stock Exchange

US stocks decline on euro zone debt worries

U.S. stocks declined in early trade on Wednesday as renewed concerns over the euro zone’s sovereign debt crisis and higher than expected rebuilding costs in Japan weighed on the sentiment.
IBTimes Logo

U.S., Rajaratnam battle over Goldman CEO testimony

Goldman Sachs Group Inc chief Lloyd Blankfein will be called to testify at Raj Rajaratnam's insider trading trial as soon as this week, but prosecutors want to prevent him being questioned about any legal issues facing the bank, according to trial documents.
Follow

World Market Overview 23/03/2011

U.S. stocks pulled back in a sleepy session Tuesday as investors paused after a three day rally that helped the market regain ground after several weeks dominated by unrest in the Middle East and Japan's earthquake.
Adobe

Can Adobe Preserve Its Flash?

Adobe Flash may struggle to gain adoption on the Post-PC devices including smartphones and tablets as behavioral shift of consumers to apps from web browsing may make Flash less relevant on these devices, according to Global Equities Research.
IBTimes Logo

Ex-Goldman programmer gets 8 years for code theft

A former Goldman Sachs Group Inc computer programer was sentenced to eight years in prison on Friday for stealing secret code used in the Wall Street bank's valuable high-frequency trading system.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.