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Goldman Sachs Group Inc

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  • Final Glance: Banks companies Friday, 21 Nov 2014 | 6:02 PM ET

    Citigroup Inc. rose$. 14 or. 3 percent, to $53.66. JPMorgan Chase rose$. 33 or. 5 percent, to $60.45. Morgan Stanley rose$. 14 or. 4 percent, to $35.53.

  • BRASILIA, Nov 21- Brazilian President Dilma Rousseff will name banker Joaquim Levy as her new finance minister, three leading newspapers reported on Friday, signaling a shift toward more market-friendly policies that could breathe life into a stagnant economy. Levy, head of the asset management arm of Brazil's second largest private bank Bradesco SA and a...

  • WASHINGTON, Nov 21- A top Federal Reserve official on Friday pledged to a Senate investigative subcommittee that the U.S. central bank would broaden its review of gaps in its regulation of the physical commodity operations of U.S. banks. In response to questioning at a hearing on Friday, Fed Governor Daniel Tarullo said the bank would look into filling those...

  • BRASILIA, Nov 21- Brazilian President Dilma Rousseff will name respected banker Joaquim Levy as her new finance minister, two leading newspapers reported on Friday, signaling a shift toward more market-friendly policies that could breathe life into a stagnant economy. The University of Chicago-trained economist is a proven fiscal hawk who helped Brazil...

  • NEW YORK, Nov 21- The trading executive at the center of Michael Lewis' book "Flash Boys" said U.S. regulators have made progress in protecting investors against abusive trading practices. Brad Katsuyama, chief executive of IEX Group, has spent years figuring out how high-speed traders collect a few cents on every trade in the U.S. stock market, and is building a...

  • New York Fed chief on defensive on bank oversight Friday, 21 Nov 2014 | 1:34 PM ET

    William Dudley, president of the New York Fed, insisted at a Senate hearing Friday that "our eyes are open" and regulators are fair, unbiased and rigorous in their oversight of the biggest U.S. banks. "Of course we are not perfect, but we always strive to improve and retain your trust," Dudley said at the hearing, which focused on whether the Federal Reserve has too cozy of a...

  • Wall St Week Ahead-Giving thanks for big stock gains Friday, 21 Nov 2014 | 1:29 PM ET

    NEW YORK, Nov 21- U.S. stock investors head into the Thanksgiving holiday thankful for the market's recent strength, which puts major indexes on track for another year of double-digit gains, though the swiftness of the advance has raised eyebrows. Citigroup on Thursday wrote that the market was "on the edge of euphoria... causing us to be more cautious," while Goldman...

  • WASHINGTON, Nov 21- New York Federal Reserve Bank President William Dudley came under fire on Friday from Democratic senators who blasted the bank for lax oversight of major financial institutions. I think the evidence suggests that there is, "said Massachusetts Democrat Elizabeth Warren, a frequent critic of the big banks who is seen as a possible 2016...

  • Goldman Sachs Group Inc retained its No. 1 position as M&A adviser with deals worth $877 billion, followed by JPMorgan Chase& Co with $651 billion and Citigroup Inc with $633 billion. The $66.4 billion bid for Allergan Inc by Actavis PLC this week more than doubled the total value of deals in the healthcare sector to $364 billion. Halliburton Co's plans to buy...

  • LONDON, Nov 21- Investment chiefs at the world's biggest asset managers this week unanimously forecast a stronger dollar in 2015, but they were far more cautious than many big banks on how far it would rise against the euro. Six months into a long-awaited rally for the dollar, Goldman Sachs and Deutsche Bank are among those predicting that this is just the start of...

  • WASHINGTON, Nov 21- Several Democratic senators on Friday criticized the New York Federal Reserve Bank as too close to the mammoth financial institutions it regulates, taking particular aim at the hiring of Fed alumni at firms like Goldman Sachs- and vice versa. that ties between the Fed and the banking industry are perceived as cozy, and arguably contributed to...

  • Early Glance: Banks companies Friday, 21 Nov 2014 | 10:17 AM ET

    Bank of America Corp. rose$. 13 or. 8 percent, to $17.13. Citigroup Inc. rose$. 69 or 1.3 percent, to $54.21. Goldman Sachs rose$. 26 or. 1 percent, to $190.02.

  • WASHINGTON, Nov 21- A top Democratic senator said on Friday he remains concerned about slack oversight of the largest U.S. banks, and that the New York Fed in particular remains too close to the institutions it regulates. "Troubling reports suggest that it is back to business as usual at the Federal Reserve Bank of New York," Ohio Democrat Sherrod Brown said as he...

  • "We are conducting a careful and thorough assessment of the costs and benefits of financial holding company engagement in these activities," Fed Governor Daniel Tarullo said in prepared remarks ahead of a Senate subcommittee hearing on the issue of banks' involvement with physical commodities. Goldman Sachs Group Inc, Morgan Stanley and J.P. Morgan built huge...

  • *China bonded copper premiums slip $5 to $60- $70. SYDNEY, Nov 21- London nickel climbed to a five-week top on Friday, on track for its biggest weekly gain since early May, as Chinese stainless steel mills used up ore stockpiles amid a disruption in supplies from the Philippines. China's mills have been supplementing their nickel ore stocks with shipments from the...

  • NEW YORK, Nov 21- Complex deals employed by Goldman Sachs' metals storage unit to build vast stockpiles and then maintain queues test the spirit of the London Metal Exchange operating code, shocking many traders and confirming others' suspicions. An explosive U.S. Senate report released on Wednesday revealed the "imaginative" methods used to lure millions of...

  • *China bonded copper premiums slip $5 to $60- $70. SYDNEY, Nov 21- London nickel rose on Friday and was on track for a five percent weekly rise as Chinese stainless steel mills used up ore stockpiles amid a disruption in supplies from the Philippines. China's mills have been supplementing their nickel ore stocks with shipments from the Philippines after Indonesia,...

  • NEW YORK, Nov 20- In an often-heated hearing before a U.S. Senate investigative subcommittee, Goldman Sachs Group Inc on Thursday rejected allegations that Wall Street banks exploited physical commodity markets to manipulate prices and gain unfair trading advantages. Led by Senator Carl Levin, who chairs the Senate's Permanent Subcommittee on...

  • WASHINGTON/ NEW YORK, Nov 20- Goldman Sachs Group Inc on Thursday took the lead in rejecting allegations by a U.S. Senate subcommittee that Wall Street banks were exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. In an often heated hearing before the Senate's Permanent Subcommittee on Investigations, Senator...

  • Fed to review its oversight of big banks Thursday, 20 Nov 2014 | 7:00 PM ET

    The Fed's announcement came a day before a Senate subcommittee is scheduled to hold a hearing on whether Fed examiners— particularly in the Fed's New York operation— have become too cozy with the big banks they oversee. The bailout of Wall Street banks during the 2008 financial crisis brought the issue forward. William Dudley, the president of the New York Fed,...