GOLDMAN SACHS

CIT, emerging from bankruptcy, hires Thain as CEO

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CIT Group Inc has hired former Merrill Lynch CEO John Thain as its new chief executive, the commercial lender said late on Sunday, wagering that the well-traveled executive can guide its post-bankruptcy turnaround.
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Goldman's payment demands on AIG probed: report

U.S. regulators are investigating whether the mortgage insurance market was improperly distressed in 2008 because of payment demands that Goldman Sachs Group Inc and other banks made on American International Group Inc , The New York Times reported on Sunday.
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Senator Dodd blasts banks at hearing on reforms

The chairman of the U.S. Senate Banking Committee, Christopher Dodd, blasted banks and Wall Street on Thursday for a refusal to work with Congress on financial reforms that borders on insulting to the American people.
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Goldman exec backs reforms at Senate hearing

A prominent Goldman Sachs Group executive expressed support on Thursday for some of the many financial regulation reforms being considered by Congress since taxpayers bailed out his firm and others like it.
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BofA adds property unit to Asia-Pacific hiring spree

Bank of America has embarked on a major hiring spree across Asia, aiming to expand in the fast growing region and revive the investment banking franchise that Merrill Lynch built before the financial crisis.
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Goldman Sachs could slash CEO bonus amid pressure

Goldman Sachs Group Inc is likely to slash its chief executive's bonus from the record $67.9 million he got two years ago, but Lloyd Blankfein's pay package could still fuel criticism the bank has been tone deaf in its approach to the financial crisis.
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American Express CEO gets base pay jump

American Express Co raised Chief Executive Kenneth Chenault's base pay by 60 percent to $2 million for 2010, in the latest instance of Wall Street firms boosting regular executive compensation while cutting bonuses.
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BlackRock says Ken Wilson joins as vice chairman

BlackRock Inc said on Friday that Kendrick Wilson, a former Treasury Department adviser and veteran investment banker, will join the world's biggest asset manager as vice chairman and member of the chairman's office.
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Geithner, NY Fed defend actions on AIG payments

Treasury Secretary Timothy Geithner denied any role in disclosures about American International Group's payments to banks and defended his decisions as New York Federal Reserve chief to pay full price to retire AIG credit default swaps.
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NY Fed supported AIG secrecy to preserve assets

The New York Federal Reserve Bank actively supported insurer American International Group's regulatory requests to keep its bank counterparties confidential but did not pressure the bailed-out firm for secrecy, the bank's top lawyer said on Tuesday.
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NY Fed says supported AIG bid for confidentiality

The New York Federal Reserve Bank actively supported American International Group's regulatory requests for confidentiality on its bank counterparties but did not pressure the insurer for secrecy, according to the top lawyer of the New York Fed.
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AIG hearing to include Paulson, Friedman testimony

Former U.S. Treasury Secretary Henry Paulson and ex-New York Fed Chairman Stephen Friedman will testify at a congressional hearing on bailed-out insurer AIG's payments to banks, a committee aide said on Tuesday.

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