Morgan Stanley plans to build and run a U.S. compressed natural gas export facility, even as it sells its physical oil business.» Read More
WASHINGTON— Goldman Sachs has agreed to a settlement worth $1.2 billion to resolve claims that it misled U.S. mortgage giants Fannie Mae and Freddie Mac about risky mortgage securities it sold them before the housing market collapsed in 2007.. New York- based Goldman Sachs sold the securities to the companies between 2005 and 2007..
Aug 22- American Securities LLC- backed auto parts maker Metaldyne Performance Group Inc filed with U.S. regulators for an initial public offering of its common shares. Merrill Lynch, Pierce, Fenner& Smith, Goldman Sachs and Deutsche Bank Securities Inc are the lead underwriters for the offering, the company said.
Goldman said it would repurchase the securities sold to Fannie Mae and Freddie Mac over the 2005-2007 period.
Aug 22- American Securities LLC- backed auto parts maker Metaldyne Performance Group Inc filed with U.S. regulators on Friday to raise up to $150 million in an initial public offering of common stock. Merrill Lynch, Pierce, Fenner& Smith, Goldman Sachs and Deutsche Bank Securities Inc are the lead underwriters for the offering.
The bank is one of only four institutions still being pursued by the FHFA, which sued 18 institutions in 2011, the FT reports.
Aug 22- Goldman Sachs Group Inc could pay about $1.1 billion to settle claims from the U.S. housing finance regulator that it sold bad mortgage-backed securities, the Financial Times reported.
Bank of America Corp. rose$. 04 or. 2 percent, to $16.20. Citigroup Inc. fell$. 01 or percent, to $51.06. Goldman Sachs rose $1.40 or. 8 percent, to $176.55.
Aug 22- Power company Dynegy Inc said on Friday that it would buy coal and gas power plants for $6.25 billion to increase its presence in two less regulated eastern U.S. markets. Dynegy shares rose as much as 22.5 percent in early trading.
A Goldman Sachs banker turns liquor entrepreneur and crowdfunding investor. Did Wall Street skills prepare him for Kickstarter?
Aug 22- U.S. power company Dynegy Inc said on Friday that it would buy coal and gas generation assets from Duke Energy Corp and Energy Capital Partners, in two deals totaling $6.25 billion.
JAKARTA, Aug 22- President-elect Joko Widodo will sit down with Indonesia's outgoing leader next week to discuss pressing economic issues, as investors closely watch for his cabinet picks and his plans to wind down a budget-sapping fuel subsidy scheme.
Banks fear competition for top talent from tech companies that can offer similarly high pay combined with luxurious benefits. The NYT reports.
Bank of America Corp. rose$. 64 or 4.1 percent, to $16.16. Citigroup Inc. rose $1.27 or 2.6 percent, to $51.07. Goldman Sachs rose $1.12 or. 6 percent, to $175.15.
Goldman Sachs was one of the first to spot the potential in China for preferred shares, a form of hybrid security which listed companies can sell to raise capital with minimal dilution in the value of shares held by existing stakeholders.
Bank of America Corp. rose$. 40 or 2.6 percent, to $15.92. Citigroup Inc. rose$. 76 or 1.5 percent, to $50.56. Goldman Sachs rose$. 41 or. 2 percent, to $174.44.
Wall Street banks may appear to be offering higher salaries to junior employees, but the increase may not be as generous as it looks.
*Eyes on Jackson Hole- fund manager. TOKYO, Aug 21- Japanese stocks rose to a three-week high on Thursday morning, clocking gains for the ninth consecutive day, as the weaker yen shored up exporters after minutes of the U.S.
NEW YORK, Aug 20- JPMorgan Chase& Co and Bank of America Corp are planning to hike salaries of junior employees by at least 20 percent, people familiar with the proceedings said. Junior bankers at Bank of America Corp will also receive a raise of at least 20 percent, according to a person familiar with the matter.
Aug 20- Axalta Coating Systems Ltd, a paint coatings company backed by buyout firm Carlyle Group LP, filed with U.S. regulators on Wednesday for an initial public offering of common stock. The company listed Citigroup, Goldman Sachs, Deutsche Bank and JP Morgan among the underwriters for the IPO.
Bank of America Corp. rose$. 07 or. 5 percent, to $15.52. Citigroup Inc. rose$. 10 or. 2 percent, to $49.80. Goldman Sachs rose$. 07 or percent, to $174.03.