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Goldman Sachs Group Inc

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  • ZURICH, April 21- Credit Suisse's first-quarter net profit rose 23 percent, exceeding analysts' expectations, after market volatility boosted securities trading and on gains at its private bank for wealthy clients. Zurich- based Credit Suisse, the first European investment bank to report quarterly earnings, said net profit stood at 1.054 billion Swiss francs...

  • April 21- Hints that U.S. regulators could veto Comcast Corp's proposed $45 billion takeover of Time Warner Cable Inc have investment bankers worried about whether they will get paid, with smaller advisory firms particularly on edge. Boutique investment banks such as Allen& Company, Centerview Partners and Paul Taubman's PJT Partners have limited resources...

  • *BBVA expected to sell stake in CITIC Bank- sources. *Goldman Sachs is top underwriter of Hong Kong blocks. HONG KONG, April 21- A sharp rally in Hong Kong stocks has spawned 11 block trades worth $3.4 billion in April alone and bankers say a raft of similar deals is waiting in the wings, including Spanish lender BBVA's stake in China's CITIC Bank Corp..

  • SYDNEY/ MELBOURNE, April 21- Rio Tinto on Tuesday missed first quarter analyst forecasts for iron ore shipments due to bad weather and transport delays, but maintained its full year production target in a bearish sign for prices already at 10- year lows. Iron ore shipments rose 9 percent to 72.5 million tonnes, still less than it mined, following a cyclone and a...

  • Final Glance: Banks companies Monday, 20 Apr 2015 | 7:10 PM ET

    Bank of America Corp. rose$. 01 or. 1 percent, to $15.57. Citigroup Inc. rose$. 13 or. 2 percent, to $53.20. Goldman Sachs rose$. 75 or. 4 percent, to $198.10.

  • SYDNEY, April 21- Rio Tinto on Tuesday posted a sharp rise in quarterly iron ore output amid a push to capture more of the global market despite a mounting supply glut driving ore prices to 10- year lows. The price of iron ore has crashed from highs of $130 a tonne at the start of last year to around $50 a tonne this week. Rio Tinto's average cash cost of iron ore...

  • Midday Glance: Banks companies Monday, 20 Apr 2015 | 1:17 PM ET

    Bank of America Corp. rose$. 07 or. 4 percent, to $15.63. Citigroup Inc. rose$. 42 or. 8 percent, to $53.49. Goldman Sachs rose $1.51 or. 8 percent, to $198.86.

  • Judge says new Revel owner can cancel tenant leases Monday, 20 Apr 2015 | 1:02 PM ET

    ATLANTIC CITY, N.J.— The new owner of Atlantic City's Revel casino can terminate the leases of former business tenants there, a judge ruled Monday. The decision by U.S. Bankruptcy Court Judge Gloria Burns frees Glenn Straub to either renegotiate new leases with the former tenants, including restaurants and nightclubs, or seek new firms to rent space once the...

  • April 20- Oscar Health Insurance, a privately held company that aims to shake up the industry with technology-driven services for individual consumers, on Monday said it had secured $145 million in new funding led by technology investor Peter Thiel. UnitedHealth Group Inc, Aetna Inc and Anthem Inc each have tens of millions of corporate members and hundreds of...

  • April 20- Oscar Health Insurance, a privately held company that aims to shake up the industry with technology-driven services for individual consumers, on Monday said it had secured $145 million in new funding led by technology investor Peter Thiel. UnitedHealth Group Inc, Aetna Inc and Anthem Inc each have tens of millions of corporate members and hundreds of...

  • Early Glance: Banks companies Monday, 20 Apr 2015 | 10:38 AM ET

    Bank of America Corp. rose$. 04 or. 3 percent, to $15.60. Citigroup Inc. rose$. 27 or. 5 percent, to $53.34. Goldman Sachs rose $1.84 or. 9 percent, to $199.19.

  • April 20- Wall Street investment bank Morgan Stanley reported its most profitable quarter since the financial crisis on Monday, boosted by higher revenue from trading bonds and equities. The bank's trading business, like those of its main rivals, got a boost in the quarter after the Swiss central bank scrapped a cap on the franc, the European Central Bank...

  • The cash infusion comes as Oscar prepares to expand its operation beyond New York and New Jersey, where it currently operates. "It's openly known that we are going through the licensing process in California and Texas," company Chief Executive Mario Schlosser said in an interview. Oscar, which estimates it now has 40,000 members, added coverage in New Jersey this...

  • April 20- Wall Street investment bank Morgan Stanley reported a much stronger-than-expected rise in quarterly profit, boosted by higher revenue from trading bonds and equities. Adjusted revenue from equities sales and trading rose 33 percent to $2.27 billion, meaning that Morgan Stanley lost its lead in the business over Goldman Sachs Group Inc, which...

  • Central banks prepare to flood FX markets with euros Monday, 20 Apr 2015 | 5:38 AM ET

    The latest International Monetary Fund data show that global FX reserves fell by 3.1 percent, or $383 billion, in the second half of last year to $11.6 trillion. Around two thirds of that was due to valuation effects from the euro's 11.7 percent fall in that period, according to JP Morgan. Stephen Jen, manager of the SLJ Macro hedge fund in London, reckons that will...

  • Deutsche Bank prepares to spin off Postbank Monday, 20 Apr 2015 | 3:22 AM ET

    Deutsche Bank is preparing to divest its Postbank retail operation.

  • These iron ore players face metal fatigue: Goldman Sunday, 19 Apr 2015 | 8:43 PM ET
    Bars of pig iron sit on the dockside ahead of export at the Port of Mariupol, one of Ukraine's biggest commercial sea ports, in Mariupol, Ukraine.

    Iron ore's price plunge is likely to start claiming corporate casualties among the industry's smaller players, Goldman Sachs said.

  • FACTBOX-Deutsche Bank looks to slash retail banking Saturday, 18 Apr 2015 | 8:54 AM ET

    FRANKFURT, April 18- Deutsche Bank will sell Postbank but keep its own-branded retail division under one of two strategic overhaul models currently favoured by management, sources familiar with internal discussions said. This model would see Deutsche Bank broken in two, with all retail activities sold off, and Deutsche abandoning its so-called universal...

  • Goldman Sachs sued over 'sex discrimination' Saturday, 18 Apr 2015 | 6:59 AM ET

    A senior banker will next week begin an employment case against Goldman Sachs after alleging she was cheated out of millions of pounds. The FT reports.

  • Final Glance: Banks companies Friday, 17 Apr 2015 | 6:03 PM ET

    Bank of America Corp. fell$. 23 or 1.5 percent, to $15.56. Citigroup Inc. fell$. 95 or 1.8 percent, to $53.07. Goldman Sachs fell $2.86 or 1.4 percent, to $197.35.