Goldman Sachs' Lloyd Blankfein tells CNBC that stock volatility is probably back for the foreseeable future.» Read More
FRANKFURT, Jan 25- Deutsche Bank will remember Thursday, Jan. 8 as the start of "Duesselgate," a nickname born not of wrongdoing, but from the shockwaves sent by a speech given in Germany's former industrial heart. "Deutsche Bank is pretty much alone in Europe with this claim," he said only weeks after the group decided to examine its business model from head to toe.
LONDON, Jan 25- The growing ranks of the super rich and their increased appetite for risk have caught the eye of investment bankers. Traditionally focused on companies and institutions, investment banks are hiring staff and reorganising teams to cater to wealthy clans, from Chinese multi-millionaires to old world dynasties in Europe and the United States.
Bank of America Corp. fell$. 36 or 2.2 percent, to $15.73. Citigroup Inc. fell$. 95 or 1.9 percent, to $48.62. Goldman Sachs fell $1.55 or. 9 percent, to $180.49.
*Credit Suisse cuts Exxon to' underperform'. NEW YORK, Jan 23- U.S. stocks fell modestly on Friday, pressured by underwhelming corporate news including guidance from economic activity bellwether UPS and as materials stocks fell after bearish notes. Materials shares weighed on the S&P 500, falling 1.6 percent after Goldman Sachs cut its price target on various...
*UPS shares fall after outlook, FedEx also lower. NEW YORK, Jan 23- U.S. stocks fell modestly on Friday, pressured by some disappointing results from major multinational companies, which offset optimism triggered by the European Central Bank's recent decision to buy bonds and boost euro zone growth. UPS was the largest drag on the S&P 500 after its guidance...
Bank of America Corp. fell$. 16 or 1.0 percent, to $15.93. Citigroup Inc. fell$. 48 or 1.0 percent, to $49.09. Wells Fargo fell$. 16 or. 3 percent, to $53.61.
Bank of America Corp. fell$. 09 or. 6 percent, to $16.00. Citigroup Inc. fell$. 28 or. 6 percent, to $49.30. Goldman Sachs rose$. 19 or. 1 percent, to $182.23.
Bank of America Corp. rose$. 68 or 4.4 percent, to $16.09. Citigroup Inc. rose $1.83 or 3.8 percent, to $49.57. Goldman Sachs rose $4.89 or 2.8 percent, to $182.04.
Bank of America Corp. rose$. 41 or 2.7 percent, to $15.82. Citigroup Inc. rose $1.34 or 2.8 percent, to $49.08. Goldman Sachs rose $3.04 or 1.7 percent, to $180.19.
Bank of America Corp. rose$. 08 or. 5 percent, to $15.48. Citigroup Inc. rose$. 55 or 1.2 percent, to $48.29. Goldman Sachs rose$. 79 or. 4 percent, to $177.94.
The socialist-run OPEC member's economy shrank 2.8 percent in 2014 while inflation topped 64 percent, the socialist leader announced in a speech to parliament, in what is almost certainly the worst performance in Latin America. With oil prices down by more than half since mid-2014, Venezuela's economic mess has hit Maduro's popularity hard and threatened...
LONDON, Jan 22- Copper slipped on Thursday from one-week highs hit the session before as oversupply in the market was highlighted by climbing inventories and as consumers waited for weaker prices. Copper inventories on the London Metal Exchange rose 5,925 tonnes on Thursday to 225,375 tonnes, bringing the increase this month to 27 percent.
*ECB planned bond buys reported at 50 billion euros a month. *Euro steady near $1.16, bond yields nudge up. LONDON, Jan 22- European shares were at a seven-year high and the euro sat near an 11- year low on Thursday as the European Central Bank prepared to take the plunge into full-scale quantitative easing.
DAVOS, Switzerland, Jan 22- Countries around the world are already engaged in a currency war in a bid to boost growth, Gary Cohn, the president and chief operating officer of Goldman Sachs, said on Thursday. "We are in currency wars," Cohn told a panel discussion at the World Economic Forum in Davos, Switzerland. "The prevailing view is that the easy way to stimulate...
Bank of America Corp. rose$. 15 or 1.0 percent, to $15.41. Citigroup Inc. rose$. 48 or 1.0 percent, to $47.74. Goldman Sachs rose $1.52 or. 9 percent, to $177.15.
NEW YORK— Popular ride-hailing app Uber has raised $1.6 billion in a deal with Goldman Sachs wealth management clients. Goldman Sachs spokeswoman Andrea Raphael says the financing comes in the form of a bond that can later be converted into stock when Uber goes public. That puts it in the ballpark of public companies such as DirecTV and Kraft Foods.
Jan 21- Online ride-sharing company Uber Technologies Inc has raised $1.6 billion in convertible debt from wealth management clients of Goldman Sachs Group Inc, a person familiar with the matter told Reuters. The U.S. car service, which allows people to summon rides at the touch of a button, plans to use the money to build its presence in international markets,...
Uber is setting its sights on further economic expansion after raising $1.6 billion in convertible debt.
Bank of America Corp. rose$. 17 or 1.1 percent, to $15.43. Citigroup Inc. rose$. 76 or 1.6 percent, to $48.02. Goldman Sachs rose$. 85 or. 5 percent, to $176.48.
Investors who want certainty about legal costs for financial firms should not buy bank stocks, JPMorgan's Jamie Dimon tells CNBC.