Wall Street paid out $20.3 billion in bonuses in 2009, up 17 percent from a year earlier, New York State's comptroller said, as the financial industry recovered fitfully from a near meltdown.
Wall Street paid out $20.3 billion in bonuses in 2009, up 17 percent from a year earlier, New York State's comptroller said, as the financial industry recovered fitfully from a near meltdown.
Wall Street paid out $20.3 billion of bonuses in 2009, up 17 percent from a year earlier, New York State's comptroller said, as the financial industry recovered fitfully from a near meltdown.
Laboratory equipment maker Thermo Fisher Scientific Inc has offered $6 billion to buy Millipore Corp, according to a person familiar with the situation, in a deal that would increase its presence in the manufacture of biotech drugs.
Past deals by Greece and others to massage public deficits lacked transparency, a senior Goldman Sachs banker said, the first time it talked openly about financial instruments it and other banks sold.
Goldman Sachs has defended the cross-currency derivatives it conducted for Greece in 2001.
The head of Dutch ABP, the world's third-largest sovereign pension fund, has resigned over an investigation into a failed savings bank where he once sat on the board, ANP-Reuters said.
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.
