CNBC's Steve Liesman reports Boston Fed President Eric Rosengren sees QE set to end despite market turmoil. Liesman thinks the Fed's tools after QE will be guidance on when rates will go up and the path of the incline.» Read More
NEW YORK, Nov 12- Goldman Sachs Group Inc elevated 78 employees on Wednesday by making them partners, according to an internal memo viewed by Reuters, capping an anxious few weeks for employees hoping to enter the elite group of Wall Street bankers. The partnership is a lingering vestige of Goldman's time as a private firm, when partners pooled their own money to...
NASHUA, New Hampshire, Nov 2- Long viewed as an ally by Wall Street, likely 2016 presidential contender Hillary Clinton has increasingly been taking banks and big business to task while on the campaign trail for Democrats across the country. It comes days before Tuesday's midterm elections and as Clinton ramps up her political activity ahead of a probable White...
Whatever Gorman meant by "optimize," the commodities staff interpreted it as "not good for my career at Morgan Stanley. "According to KBW analyst Brian Kleinhanzl, who rates Morgan Stanley a" market perform, "optimize means" cutting people or exiting products altogether that are unprofitable. "As we have previously stated, Morgan Stanley is committed to a...
CNBC's Carl Quintanilla spoke to Lloyd Blankfein, Goldman Sachs chairman and CEO, about the company's quarter, Ebola, deflation concerns and the Fed.
Blankfein explained that he thinks the Fed's cautious strategy has proven to be the right one.
Lloyd Blankfein, Goldman Sachs chairman and CEO, discusses the threat of Ebola to the market.
Discussing earnings and the economy, Lloyd Blankfein, Goldman Sachs chairman and CEO, told CNBC's Carl Quintanilla the return of volatility and confidence drove the strong quarter.
Lloyd Blankfein, Goldman Sachs chairman and CEO, discusses "evident" deflationary concern in the U.S. and Europe, with CNBC's Carl Quintanilla. Blankfein also provides perspective on the Fed.
Oct 16- Goldman Sachs Group Inc reported a 50 percent jump in quarterly profit as last month's pickup in bond market activity helped to boost trading revenue, showing that banks sticking with the notoriously volatile business can reap big rewards. But that has left Goldman and a few other banks, including JPMorgan Chase& Co, to pick up clients and take advantage of...
Oct 16- Goldman Sachs Group Inc reported a 50 percent jump in third-quarter net profit on Thursday as last month's sudden pickup in bond market activity helped to boost trading revenue. Net income attributable to common shareholders rose to $2.14 billion, or $4.57 per share, from $1.43 billion, or $2.88 per share, a year earlier. Revenue from bond-trading, a...
Some of the names on the move ahead of the open.
Net income attributable to common shareholders rose to $2.14 billion, or $4.57 per share, in the three months ended Sept. 30 from $1.43 billion, or $2.88 per share, a year earlier. Revenue from bond-trading, a notoriously volatile business, increased 74 percent to $2.17 billion as strong U.S. economic data, stimulus measures by the European Central Bank, and the...
Wall Street is spending more on the midterms than ever before—particularly in support of the GOP—but it's not from whom you might think.
Seen by critics as a close ally of the elite, Hillary Clinton will have to appeal to middle class voters amid criticism that she is out of touch.
Wall Street likes to call him "Super Mario," and in 2013 the moniker fit in more ways than one.
NEW YORK, Aug 25- A group of Wall Street banks plan to meet the U.S. Treasury Department and other government officials next month to talk about how to cooperate to fend off cyber attacks, people familiar with the matter told Reuters.
NEW YORK, July 15- Late last year, Goldman Sachs reached an important milestone: its investment management business surpassed $1 trillion in client money under supervision.
Marty Mosby, Vining Sparks, shares his thoughts on the big bank's better-than-expected quarterly results.
Top managers at the firm have been meeting with younger executives in hopes of finding a replacement for Lloyd Blankfein—someday.
WASHINGTON, June 23- President Barack Obama met with Goldman Sachs Chief Executive Lloyd Blankfein, Johnson& Johnson chief Alex Gorsky and other business leaders on Monday to discuss ways to encourage companies to make their work places more family friendly.