Goldman Sachs Group Chief Executive Lloyd Blankfein has agreed to testify for the U.S. government at the upcoming trial of Galleon hedge fund founder Raj Rajaratnam, the Wall Street Journal reported, citing people familiar with the matter.
IBT Staff Reporter
Mar 04, 2011
The School asserted on Wednesday that they would be retaining him in the post of Chairman of the board.
IBT Staff Reporter
Mar 04, 2011
Rajat Gupta, former McKinsey’s chief and currently special adviser to the secretary-general of the United Nations on management reforms, has been accused by the Securities and Exchange Commission (SEC) of having role in a major hedge fund insider-trading case.
Nagesh Narayana
Mar 03, 2011
Twitter has no plan to go public in the near future and does not need additional funds because it is making money, the co-founder of the popular microblogging site said.
IBT Staff Reporter
Mar 03, 2011
Bank of America-Merrill Lynch has poached Matthew Koder, a high profile banker from Swiss bank UBS AG , to head its corporate and investment banking business in Asia in the region's first major defection after the banker bonus season.
IBT Staff Reporter
Mar 03, 2011
Federal Reserve Chairman Ben Bernanke said on Wednesday a Republican spending cut plan would not cause a big dent to U.S. economic growth, but could cost around 200,000 jobs.
IBT Staff Reporter
Mar 02, 2011
A former partner of D.E. Shaw and an ex-Goldman Sachs (GS.N) partner are setting up a new firm to raise about $500 million for a China-focused private equity fund to join the growing competition for deals in the world's No.2 economy, sources told Reuters on Wednesday.
Wenwen Meng
Mar 02, 2011
U.S. market regulator said former Goldman Sachs Group Inc and Procter & Gamble Co board member Rajat Gupta tipped Galleon hedge fund founder Raj Rajaratnam in phone calls about confidential company information. Gupta's lawyer said the allegations are baseless.
IBT Staff Reporter
Mar 02, 2011
Former Goldman Sachs Group Inc director Rajat Gupta leaked secret details to Galleon Group hedge fund manager Raj Rajaratnam about Warren Buffett's plan to invest $5 billion in the Wall Street bank at the height of the financial crisis, a U.S. securities regulator charged.
IBT Staff Reporter
Mar 02, 2011
Goldman Sachs Group Inc could lose up to $3.4 billion from lawsuits and other disputes over the securities it sold and underwrote, the investment bank said in its annual filing with regulators on Tuesday.
IBT Staff Reporter
Mar 01, 2011
JP Morgan follows Goldman Sachs dive into social networking territory, as it is in talks of acquiring a 10 percent minority stake in micro blogging site Twitter.
IBT Staff Reporter
Feb 28, 2011
A new JPMorgan Chase & Co technology fund is in talks to buy a substantial stake in Internet messaging and communications site Twitter, the Financial Times reported on Sunday, citing people familiar with the plans.
IBT Staff Reporter
Feb 28, 2011
Hutchison Whampoa's ports unit is looking to raise as much as $5.8 billion in an initial public offering (IPO) in Singapore, allowing investors to tap into China's booming infrastructure business.
Wenwen Meng
Feb 28, 2011
Swiss commodities trader Glencore has opened up talks with sovereign wealth funds in China and Qatar to bring in a cornerstone investor ahead of its planned listing on the London Stock Exchange, The Sunday Times reported.
Wenwen Meng
Feb 27, 2011
Warren Buffett is looking for acquisitions as an outlet to deploy his $38 billion cash pile, the legendary investor said in his annual letter to Berkshire Hathaway Inc shareholders on Saturday.
IBT Staff Reporter
Feb 26, 2011
Warren Buffett is looking for acquisitions as an outlet to deploy his $38 billion cash pile, the legendary investor said in his annual letter to Berkshire Hathaway Inc shareholders on Saturday.
IBT Staff Reporter
Feb 26, 2011
Warren Buffett is looking for acquisitions as an outlet to deploy his $38 billion cash pile, the legendary investor said in his annual letter to Berkshire Hathaway Inc shareholders on Saturday.
IBT Staff Reporter
Feb 26, 2011
For most of the last three millennia, the world's commercial centers have used one or another variant of a gold standard. It should be one of the best understood of human institutions, but it's not. It's one of the worst understood, by both its advocates and detractors. Though it has been spurned by governments many times, this has never been due to a fault of gold to serve its duty, but because governments had other plans for their currencies beyond maintaining their stability. And so,...
IBT Staff Reporter
Feb 25, 2011
Perennial China Retail Trust lodged the prospectus for its planned S$1.1 billion ($861 million) initial public offering in Singapore, in what is likely to be the first of several large asset-backed trust IPOs in the city-state.
Wenwen Meng
Feb 25, 2011
Access to the professional networking site LinkedIn was disrupted in China on Thursday, following online calls on other sites for gatherings inspired by protests against authoritarian regimes across the Middle East.
Wenwen Meng
Feb 24, 2011
A U.S. regulator charged two financial firms and three individuals with violating federal securities fraud laws over an alleged portfolio pumping scheme to manipulate prices of several small U.S. stocks, generating more than $63 million of illegal proceeds.
IBT Staff Reporter
Feb 24, 2011
The Gold Price rose further in London trade Thursday morning, hitting new 2011 highs for Dollar investors as Brent crude oil jumped to $119 per barrel and a raft of economic analysis warned of stagflation ahead for the global economy.
IBT Staff Reporter
Feb 24, 2011