Several investors are looking into buying Goldman Sachs's 16.8 percent stake in Italy's Prysmian SpA, a profitable cable maker, a financial source said on Friday.
Asian stock markets skidded on Friday and commodity prices fell across the board after U.S. President Barack Obama proposed new restrictions on banks that spurred selling of risky assets.
Morgan Stanley has launched a new global initiative to raise capital for hedge fund clients in return for a fee, a company spokesman said.
After the Nasdaq composite index closed down 1.12 percent to trade at 2,265.7 and the S&P 500 index fell 2.01 percent to close at 1,116.48, Google (NASDAQ:GOOG) and several lesser known tech and financial companies reported earnings.
President Barack Obama threatened to fight Wall Street banks on Thursday with new proposals to limit financial risk taking, sending stocks and the dollar tumbling.
Big banks have begun to find ways to cope with Obama's new regulations proposed on Thursday to reduce proprietary trading at financial firms.
Stocks suffered their worst one-day percentage drop since October on Thursday as U.S. President Barack Obama proposed tough restrictions on banks that would squeeze profits.
President Barack Obama is looking to reduce proprietary trading at the biggest financial firms to help stabilize the financial system.
Stocks suffered their worst one-day percentage drop since October on Thursday as U.S. President Barack Obama proposed tough restrictions on banks that would squeeze profits.
The S&P 500 index fell on Wednesday as stocks declined following President Barack Obama's announcement of his proposal for new bank regulations.
Goldman Sachs Group Inc , under fire for gold-plated pay packages, cut average pay per employee by about a quarter from record 2007 levels, helping boost its profit to a record.
U.S. stocks dropped on Thursday as President Barack Obama took a tough stance on financial institutions, proposing rules to make the system safer by preventing the biggest banks from taking excessive risks.
U.S. stocks dropped on Thursday as President Barack Obama took a tough stance on financial institutions, proposing rules to make the system safer by preventing the biggest banks from taking excessive risks.
President Barack Obama proposed stricter limits on financial institutions' risk-taking on Thursday in a new populist-tinged move that sent bank shares tumbling and aimed to shore up the president's political base.
Blackstone Group said on Thursday it will take over management of nine leveraged loan and high yield bond funds with assets of $3.2 billion from business development company Allied Capital Corp.
Wall Street tumbled on Thursday after President Barack Obama proposed rules aimed at making the financial system safer by preventing the biggest banks from taking excessive risks.
President Barack Obama proposed stricter limits on financial risk-taking on Thursday in a new populist-tinged move that sent bank shares lower and aimed to shore up his own political base.
Goldman Sachs Group Inc , which had been on track to pay employees a near-record amount, instead set aside nothing for compensation in the fourth quarter and gave $500 million to charity.
The Dow and S&P 500 fell on Thursday as fears any proposed new restrictions by the Obama administration on big banks would cut profits at large trading firms like Goldman Sachs Group.
Goldman Sachs Group Inc , which had been on track to pay employees a near-record amount, instead set aside nothing for compensation in the fourth quarter and gave $500 million to charity.
Huge trading profits offset declines in banking at Goldman Sachs Group Inc in 2009 as the broader economy struggled.
U.S. stocks were set for a flat open on Thursday as a rise in initial weekly jobless claims offset better-than-expected earnings from several banks, including Goldman Sachs Group .
