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Goldman Sachs Group Inc

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  • Goldman Sachs settles London discrimination case Tuesday, 21 Apr 2015 | 10:58 AM ET

    LONDON, April 21- Goldman Sachs has reached an out-of-court settlement in London with a female vice president who alleged the Wall Street bank owed her millions of pounds in unpaid bonuses and discriminated against her after she revealed she was pregnant. Goldman Sachs said on Tuesday it had reached a confidential deal with Sonia Pereiro-Mendez, a distressed...

  • Early Glance: Banks companies Tuesday, 21 Apr 2015 | 10:51 AM ET

    Bank of America Corp. rose$. 04 or. 3 percent, to $15.61. Citigroup Inc. fell$. 12 or. 2 percent, to $53.08. Goldman Sachs rose $1.00 or. 5 percent, to $199.10.

  • Tough new rules on risk and a surging Swiss franc weakened Credit Suisse's cushion against future losses in the first quarter. Credit Suisse's shares were the second-biggest faller in the European banking index, down 3 percent against the index's 0.75 percent rise by mid-morning. Thiam, chief executive of British insurer Prudential, takes over from Credit...

  • 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...

  • Former Goldman Sachs director's appeal rejected Monday, 20 Apr 2015 | 12:30 PM ET
    Rajat Gupta (L), enters Federal court with his lawyer Gary Naftalis for sentencing on October 24, 2012 in New York City.

    The U.S. Supreme Court rejected the appeal of former Goldman Sachs Rajat Gupta in an insider trading case.

  • 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.

  • What China reserve requirement cut means for stocks Monday, 20 Apr 2015 | 10:17 AM ET

    Some estimate China's lower requirements for bank reserves could free up about $160 billion.

  • 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...

  • Former MF Global CEO Corzine considers hedge fund Monday, 20 Apr 2015 | 8:48 AM ET
    Jon Corzine testifies at a Capitol Hill hearing on Dec. 15, 2011.

    Jon Corzine is considering starting his own hedge fund, the Wall Street Journal reported Sunday on its online edition.

  • Morgan Stanley profit up on higher trading revenue Monday, 20 Apr 2015 | 7:57 AM ET
    A pedestrian walks by Morgan Stanley headquarters in New York.

    Morgan Stanley reported a much stronger-than-expected rise in quarterly profit, boosted by higher revenue from trading bonds and equities.