Goldman Sachs Group Inc said it did not intentionally bet against securities in the mortgage market during the financial crisis, dismissing suggestions that it unfairly made money by placing bets against its clients.
IBT Staff Reporter
Apr 07, 2010
As 2009 came to a close, Fifth Third Bancorp was preparing to report its sixth loss in seven quarters.
IBT Staff Reporter
Apr 05, 2010
(In paragraph 35, corrects name of Regions Financial spokesman. Error appeared in previous version of story.)
IBT Staff Reporter
Apr 05, 2010
California's Treasurer has sent a letter to six big banks that underwrite the state's municipal bond sales, asking what the banks' role may be in also selling credit default swaps on California debt.
IBT Staff Reporter
Mar 30, 2010
America's big banks must be broken up and their risk-taking curtailed or the world's richest economy will face another massive financial crisis, former IMF chief economist Simon Johnson says in a new book.
IBT Staff Reporter
Mar 30, 2010
The crumbling empire of American International Group Inc is helping to pave Wall Street with gold.
IBT Staff Reporter
Mar 26, 2010
Goldman Sachs Group Inc was sued for alleged bias by a former vice president, who said the Wall Street bank consigned her to a mommy track that led to her firing while she was on maternity leave.
IBT Staff Reporter
Mar 24, 2010
Goldman Sachs Group Inc was sued for alleged bias by a former vice president, who said the Wall Street bank consigned her to a mommy-track that led to her firing while she was on maternity leave.
IBT Staff Reporter
Mar 24, 2010
Stock index futures pointed to a lower open on Wall Street on Wednesday, with futures for the S&P 500 down 0.6 percent, Dow Jones futures down 0.3 percent and Nasdaq 100 futures down 0.4 percent.
IBT Staff Reporter
Mar 24, 2010
U.S. auto finance company GMAC Financial Services may sell its factoring business unit to Wells Fargo & Co , Bloomberg said, citing two people with direct knowledge of the matter.
IBT Staff Reporter
Mar 24, 2010
The Obama administration's pay czar on Tuesday clamped down on 2010 pay at five U.S. firms that still depend on a government lifeline, but boasted that his burdensome restrictions are not sending talented workers fleeing for the exits.
IBT Staff Reporter
Mar 23, 2010
Obama administration pay czar Kenneth Feinberg plans to review past compensation at 419 companies that received bailout funds, including JPMorgan Chase , Goldman Sachs , according to a source close to the Treasury Department.
IBT Staff Reporter
Mar 22, 2010
Goldman Sachs Group Inc CEO Lloyd Blankfein and other top executives, pressured by public outrage to slash their bonuses, still received tens of millions of dollars in distributions from an internal investment fund in 2009.
IBT Staff Reporter
Mar 19, 2010
Trading revenue at U.S. commercial banks fell 66 percent in the fourth quarter, the Office of the Comptroller of the Currency said on Friday, as uncertainty over pending derivatives legislation added to a seasonal slowdown in trading.
IBT Staff Reporter
Mar 19, 2010
The head of the House of Representatives' Oversight Committee said on Friday he had asked the Federal Reserve to provide all documents relating to a rule waiver that allowed then-New York Fed Board Chairman Stephen Friedman to hold and purchase stock in Goldman Sachs Gorup .
IBT Staff Reporter
Mar 19, 2010
Stocks were little changed in early trading on Tuesday ahead of a statement from the Federal Reserve on monetary policy and the state of the economy.
IBT Staff Reporter
Mar 16, 2010
Wall Street was set for a slight rise at the open on Tuesday ahead of a Federal Reserve statement expected to reiterate the central bank's pledge to keep interest rates extraordinarily low.
IBT Staff Reporter
Mar 16, 2010
On Wall Street, massaging the balance sheet is a time-honored practice.
IBT Staff Reporter
Mar 12, 2010
Author Michael Lewis, known for exposing the culture of excess at Solomon Brothers with his book Liar's Poker, says Wall Street bonuses at banks bailed out by Washington are a very elegant form of theft.
IBT Staff Reporter
Mar 12, 2010
The Greek debt crisis is poised to undermine already dwindling investment flows into south-eastern Europe's emerging economies, adding to barriers to recovery in one of the continent's most fragile regions.
IBT Staff Reporter
Mar 12, 2010
CBOE Holdings Inc plans a $300 million public offering in a long-awaited move that could allow the biggest U.S. options exchange to expand or be acquired.
IBT Staff Reporter
Mar 11, 2010
Shareholders may have to wait for months to retrieve capital after U.S. regulators told banks not to increase dividends or buy back shares amid political and economic uncertainty surrounding the financial industry, the Financial Times reported on Wednesday.
IBT Staff Reporter
Mar 10, 2010