The stocks and bonds of investment bank Goldman Sachs , which reported stunningly strong quarterly earnings on Tuesday, have steadily fallen in price since U.S. regulators charged the bank with fraud last week, leaving many investors looking for new ways to trade the bank's securities.
U.S. stocks rose modestly on Tuesday as energy shares advanced on higher oil prices and bellwether companies reported quarterly results, although some fell short of expectations.
Goldman Sachs Group Inc reported blow-out quarterly earnings on Tuesday, but investors appeared to focus on the U.S. fraud case against the bank as Britain's market watchdog launched its own probe.
Britain launched a probe into alleged fraud by Goldman Sachs four days after the United States shocked markets by accusing Wall Street's most powerful investment bank of duping clients.
Corrects to say Liberal Democrats are UK's third-largest party in paragraph 6, not the main opposition party
Goldman Sachs Group Inc reported stunningly strong quarterly earnings on Tuesday, overshadowing British financial regulators' move to follow their U.S. counterparts in pursuing civil fraud allegations against the dominant Wall Street bank.
Goldman Sachs Group Inc reported stunningly strong quarterly earnings on Tuesday, overshadowing British financial regulators' move to follow their U.S. counterparts in pursuing civil fraud allegations against the dominant Wall Street bank.
Wall Street was set to open slightly higher on Tuesday as a wave of companies reported good earnings, but the dearth of blockbuster results threatened to cool off a recent rally.
Goldman Sachs Group Inc said first-quarter earnings nearly doubled, and Britain's financial regulator launched a formal probe related to civil fraud allegations against the Wall Street bank.
U.S. stock index futures rose on Tuesday on a wave of strong earnings reports, including Goldman Sachs and UnitedHealth, and on expectations of good results from other bellwethers including Apple.
Britain's financial regulator started a formal enforcement investigation into Goldman Sachs on Tuesday, four days after U.S. regulators filed a fraud case against Wall Street's biggest investment bank.
Goldman Sachs Group Inc said first-quarter earnings nearly doubled, topping expectations, bolstered by fixed income trading profits.
Goldman Sachs Group Inc said first-quarter earnings nearly doubled, topping expectations, bolstered by fixed income trading profits.
European shares rose on Tuesday, buoyed by corporate earnings optimism, while concerns over Greece's parlous fiscal situation weighed on the euro.
U.S. insurer AIG is considering pursuing investment bank Goldman Sachs over losses incurred on $6.0 billion of insurance deals on mortgage-backed securities, the Financial Times said.
The Bavarian sister party of German chancellor's conservatives has called for a temporary halt in business with Goldman Sachs while the investment bank deals with charges of fraud.
Asian stocks rebounded on Tuesday, a day after suffering their biggest percentage fall in 10 weeks, as Citigroup's best results since 2007 raised investor optimism about earnings growth.
Asian stocks rebounded on Tuesday, a day after suffering their biggest percentage fall in 10 weeks, as Citigroup's best results since 2007 raised investor optimism about corporate earnings and risk aversion receded.
Citigroup Inc posted a $4.43 billion first-quarter profit, its best result in nearly three years, as the economic recovery reduced the bank's credit losses and increased prices on even its worst assets.
Stocks rose late on Monday as investors reassessed the potential damage of the fraud case against Goldman Sachs and earnings optimism grew.
Goldman Sachs Group Inc said the bond trader at the center of a landmark civil fraud case against the firm is taking time off, and the regulatory fallout on Wall Street threatened to widen.
Stocks rose late on Monday as investors reassessed the potential damage of the fraud case against Goldman Sachs and earnings optimism grew.