Stock index futures rose on Wednesday, rebounding from a steep sell-off, as investors were comforted that financially fragile European banks were less reliant on funding from the European Central Bank.
Bank of America has leap-frogged U.S. rival JPMorgan to rank as the world's top bank in terms of capital strength while Industrial and Commercial Bank of China tops the profit league, according to a new study.
Goldman Sachs and bailed out insurer American International Group face a rough two days of questioning about the destructive relationship that contributed to the 2008 financial crisis.
A U.S. commission is planning to focus on the ties between Goldman Sachs Group Inc and American International Group Inc, and how derivatives transactions between the two financial giants may have contributed to the financial crisis.
Stock index futures rose on Friday as investors digested a historic agreement by U.S. lawmakers to overhaul financial regulations and awaited final readings on gross domestic product and consumer sentiment.
Morgan Stanley agreed on Thursday to pay $102 million to end an investigation in Massachusetts into unfair lending practices.
Corrects spelling of 'czar' in first paragraph
Kenneth Feinberg will step down from his role as U.S. Treasury's pay car later this summer to focus on administering the BP Plc's $20 billion oil spill fund, a Treasury spokesman said on Wednesday.
The Federal Reserve is expected to renew its promise to hold benchmark interest rates exceptionally low for an extended period on Wednesday and may acknowledge a slight slowdown in the pace of U.S. economic recovery.
Four days after U.S. securities regulators charged Goldman Sachs Group with civil fraud, Ash Williams, the top administrator for Florida's $138 billion in public investments, wanted to talk to someone at the Wall Street firm.
Wall Street banks face a turning point on Wednesday as U.S. lawmakers are expected to spell out limits on a range of risky but lucrative trading practices in a sweeping rewrite of financial regulations.
Biovail Corp is to take over U.S-based Valeant Pharmaceuticals International in a complex deal that positions the enlarged firm to better serve the growing baby boomer market.
A federal judge agreed to give Goldman Sachs Group Inc more time to respond to a lawsuit filed by U.S. securities regulators accusing the Wall Street bank of fraud.
Two initial public offerings rose in their Thursday debuts as the broader U.S. market fell.
Two U.S. initial public offerings opened above their IPO prices on Thursday while a third cut its offering and delayed its pricing.
After suffering sustained criticism of its role in the financial crisis, the Federal Reserve emerged on Wednesday from an overhaul of financial regulations with its jealously guarded independence intact.
Goldman Sachs Group Inc's mounting legal and regulatory woes stemming from the firm's sale of subprime mortgage-linked securities are turning into gold for a growing number of lawyers in New York and Washington.
One of the best ways to get inside the head of British private equity boss Guy Hands is to study what gift he gives for Christmas. For years, Hands has sent friends and business associates a book he has recently read along with a letter discussing the work. The gift is designed to be both thoughtful and thought provoking.
Policy makers reacting to the global financial crisis should avoid overstepping with harsh new rules that would have adverse economic effects and resist the urge to score political points, industry heads warned on Thursday.
The president of Goldman Sachs Group Inc said on Thursday that there is no indication that the investment bank is close to settling U.S. fraud charges with the Securities and Exchange Commission.
The president of Goldman Sachs Group Inc said on Thursday that there is no indication that the investment bank is close to settling U.S. fraud charges with the Securities and Exchange Commission.
The U.S. Securities and Exchange Commission, which charged Goldman Sachs Group Inc with fraud in April, is investigating another mortgage-linked deal once pitched by the Wall Street firm, the Financial Times reported, citing people close to the matter.
