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Goldman Sachs Group Inc

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  • Oil prices fall as China's factories slow Monday, 15 Dec 2014 | 11:23 PM ET

    SINGAPORE, Dec 16- Oil prices fell on Tuesday, with Brent mired near a 5-1/ 2 year low close to $60 per barrel, as Chinese factory activity slowed and concerns rose over the health of emerging market economies and their currencies. Brent for January delivery was at $60.81 a barrel at 0420 GMT, down 25 cents and close to the 5-1/ 2- year low of $60.20 hit on Monday.

  • Senator Carl Levin has introduced a bill seeking to crack down on trading on inside information in physical commodities, the first U.S. legislation limiting Wall Street banks' ability to deal in physical markets from crude oil to aluminum. The bill, sponsored by the Michigan Democrat and co-sponsored with Republican John McCain, is seen as Levin's parting...

  • Final Glance: Banks companies Monday, 15 Dec 2014 | 6:08 PM ET

    Bank of America Corp. fell$. 28 or 1.6 percent, to $16.85. Citigroup Inc. fell$. 61 or 1.1 percent, to $52.79. Goldman Sachs fell $3.28 or 1.7 percent, to $185.54.

  • Midday Glance: Banks companies Monday, 15 Dec 2014 | 1:43 PM ET

    Bank of America Corp. fell$. 15 or. 9 percent, to $16.98. Citigroup Inc. fell$. 24 or. 4 percent, to $53.16. Goldman Sachs fell $1.49 or. 8 percent, to $187.33.

  • Early Glance: Banks companies Monday, 15 Dec 2014 | 12:00 PM ET

    Bank of America Corp. rose$. 07 or. 4 percent, to $17.20. Citigroup Inc. rose$. 16 or. 3 percent, to $53.56. Goldman Sachs fell$. 33 or. 2 percent, to $188.49.

  • The backlog to remove aluminium from Detroit, the most acutely impacted location, shrank by 30 days to 641 days, while the wait to remove other metals stuck behind the wall of aluminium fell from 111 to 93 days. A "flash" queue to load out zinc at New Orleans, meanwhile, almost disappeared in November, dwindling to just 10 days from 71 days at the end of September.

  • ABU DHABI, Dec 15- A loan of up to $800 million to help Abu Dhabi- based entrepreneur B.R. Shetty acquire a majority stake in foreign exchange operator Travelex has been completed, two sources aware of the matter said on Monday. Three other banks-- Doha Bank, National Bank of Fujairah and Commercial Bank International-- joined the loan, the first source said.

  • Indonesia’s rupiah hits weakest since 1998 Monday, 15 Dec 2014 | 2:27 AM ET

    Indonesia's currency tumbled to its lowest levels since the Asian Financial Crisis in the late 1990s, despite a lack of crisis-like signals.

  • HONG KONG, Dec 15- Chinese financial firms are targeting purchases of distressed banking assets coming on the market in Europe, having been urged by Beijing to expand their reach beyond emerging markets. The first Chinese purchase of a European investment bank was announced this week, with Haitong Securities agreeing to pay 379 million euros for an investment...

  • NEW YORK, Dec 12- "Will they or won't they?" Client notes from Goldman Sachs, Citi and Bank of America/Merrill Lynch this week deal with expectations for the removal of the wording, roughly agreeing that however close the call is, it is more likely than not that the phrase will go away. "They are going to remove it; I don't think is going to keep it in there just because of what...

  • Shares of big-data company Hortonworks jump in debut Friday, 12 Dec 2014 | 10:50 AM ET

    Dec 12- Shares of Hortonworks Inc, a big-data company spun off from Yahoo Inc, rose as much as 52 percent in their market debut, valuing the company at up to $1 billion. HortonWorks helps companies manage data through Hadoop, an open-source software that crunches massive amounts of data and is used by companies such as Facebook Inc, Twitter Inc and Amazon.com Inc..

  • MF Global's underwriters to settle suit for $74 mln Friday, 12 Dec 2014 | 5:40 AM ET

    Dec 12- Seven underwriters of the failed MF Global Holdings Ltd reached a partial settlement with investors, who had filed a lawsuit in 2011 seeking to hold them and some of the brokerage's executives, including its CEO, responsible for its collapse. The underwriters cited in the settlement are Citigroup, Deutsche Bank, Goldman Sachs, J.P. Morgan, Merrill Lynch,...

  • It just got 'easier to cheat' on Wall Street Thursday, 11 Dec 2014 | 12:47 PM ET
    File photo: Todd Newman (center) leaving court with his attorney last year.

    After two insider-trading convictions were overturned, one trader said: "It’s a lot easier to cheat when you know what the rules are."

  • Dec 11- Activist investor Starboard Value wants to merge office-supply chains Staples Inc and Office Depot Inc, CNBC reported, citing people familiar with the matter. Starboard, known for its aggressive shareholder activism, disclosed a 5.1 percent stake in Staples and boosted its holdings in Office Depot to nearly 10 percent, regulatory filings showed on...

  • Dec 11- Shares of LendingClub Corp, the world's largest online marketplace that connects borrowers and investors, rose as much as 67 percent in their debut, valuing the company at more than $9 billion. The initial public offering of 58 million shares raised $870 million after being priced at $15 per share, well above the expected range of $12- $14.

  • Banks fined $43M over Toys R Us IPO conflicts Thursday, 11 Dec 2014 | 10:50 AM ET
    Richard Ketchum, chairman and chief executive officer of the Financial Industry Regulatory Authority (FINRA).

    The Financial Industry Regulatory Authority said Thursday that it fined 10 banks over conflicts from the 2010 planned IPO of Toys"R"Us.

  • Loan platform operator LendingClub's shares soar in debut Thursday, 11 Dec 2014 | 10:45 AM ET

    Dec 11- Shares of LendingClub Corp, the world's largest online marketplace that connects borrowers and investors, rose as much as 67 percent in their debut, valuing the company at more than $9 billion. The initial public offering of 58 million shares raised $870 million after being priced at $15 per share, well above the expected range of $12- $14.

  • Lloyd Blankfein: Welcome to the 'Chinese century' Thursday, 11 Dec 2014 | 9:57 AM ET
    Chairman and CEO of Goldman Sachs Lloyd Blankfein speaks onstage during The New York Times DealBook Conference at One World Trade Center on December 11, 2014 in New York City.

    Goldman Sachs CEO Lloyd Blankfein thinks the economy is on the right track.

  • Maybe not a merry Christmas for Goldman Sachs Thursday, 11 Dec 2014 | 8:09 AM ET
    A Goldman Sachs sign hangs on the floor of the New York Stock Exchange.

    Goldman Sachs had the worst negative return out of the major investment banks when high yield bonds cracked. Will history repeat itself?

  • Fiat Chrysler prices share offering at $11 each Thursday, 11 Dec 2014 | 12:09 AM ET

    Dec 11- Fiat Chrysler Automobiles NV said it had priced an offering of 87 million common shares at $11.00 each as the carmaker seeks funds to cut debt and pay for an ambitious investment plan. The mandatory convertible securities will be issued in denominations of $100 each and will be converted into FCA common shares on Dec. 15, 2016, it said.