The Federal Reserve has continued to target its liquidity withdrawal for the banking system as conditions improve for Wall Street and prominent hedge funds take huge positions in financial institutions.
Societe Generale expects results to recover in 2010 with lower bad risk write-downs after posting weak fourth-quarter results and rattling markets last month with a profit warning.
Goldman Sachs Group Inc sued seven of its former private wealth management division executives for abruptly leaving the company to join rival Credit Suisse early this month, court documents show.
The stock market rallied modestly today as Whole Foods (NASDAQ:WFMI) gave a boost to food retailers and doubts over President Obama's healthcare reform efforts lifted the health insurance sector.
A former Goldman Sachs Group Inc computer programmer pleaded not guilty on Wednesday to charges he stole code from the bank's lucrative high-frequency trading platform before leaving for another company last year.
Morgan Stanley may hand over to creditors its $2.4 billion investment in a chain of Japanese hotels when the debt becomes due in April, the Wall Street Journal said on Wednesday, citing people familiar with the matter.
Express, the sixth-largest specialty retail apparel brand in the U.S. on Tuesday filed for an initial public offering of up to $200 million.
Barclays Plc beat forecasts with a near doubling of profits in 2009 to 11.6 billion pounds ($18.2 billion), cheering investors with an improved balance sheet and boosting shares across the sector.
China could be about to allow its currency to strengthen by as much as 5 percent to slow down the country's fast-growing economy
Goldman Sachs Group Inc announced on Friday a management shuffle atop its investment management division, according to internal memos.
President Barack Obama's economic adviser, Paul Volcker, said his proposed banking rules would force Goldman Sachs and other banks to give up their bank charters if they want to continue proprietary trading.
A former Goldman Sachs Group programer was indicted on charges he stole computer code for the investment bank's high-frequency trading platform, federal prosecutors said on Thursday.
Top U.S. executives say their companies are moving out of the defensive position they adopted during the recent worldwide downturn and are aggressively planning to grow, according to the latest semiannual survey by the Business Council.
Time, prosperity and short memories could allow Goldman Sachs Group Inc to slowly ratchet up bonuses for its top executives, but analysts believe the days of mega payouts are probably gone for good.
American International Group has lined up all the major investment banks to underwrite the public listing of its Asian life insurance unit, in what may be Hong Kong's biggest IPO since 2006, banking sources said.
Major U.S. stock indices recovered from earlier losses on Wednesday, shrugging off initial fears about Fed Chairman Ben Bernanke's exit plan for the Fed's current level of support for the financial system.
Goldman Sachs Group Inc , which held down executive pay last year, has no magic formula for setting compensation in 2010, Chief Financial Officer David Viniar said on Wednesday.
President Barack Obama said he doesn't begrudge the chief executives of JPMorgan Chase and Goldman Sachs their bonuses but called their pay extraordinary.
Former Treasury Secretary Henry Paulson and billionaire investor Warren Buffett, from different sides of the political spectrum, expressed support on Tuesday for the U.S. government's aggressive steps in 2008 to keep the nation's banks and economy from a complete meltdown.
Former Treasury Secretary Henry Paulson and billionaire investor Warren Buffett, from different sides of the political spectrum, expressed support on Tuesday for the U.S. government's aggressive steps in 2008 to keep the nation's banks and economy from a complete meltdown.
CIT Group Inc said its new Chief Executive John Thain will get an annual base salary of $6 million, most of which is in stock, and a bonus of up to another $1.5 million, in a nod to compensation practices popularized by the Obama administration's pay czar.
Fears about the sovereign debt of peripheral European nations continue as investors are show dissatisfaction with the stance of European G7 members.