Goldman has recently let a few employees go for taking jobs at private equity and hedge funds, set to start after their Goldman contracts expired. Read More
An analyst report describes the shares as a "buy." And there is a lot of chatter in the market that underwriters may step in to support the stock to keep it above $30. Read More
It’s possible that the underwriters’ analysts never were tipped off about any non-public information. Maybe they just all came to the same conclusion based on changes in the publicly filed IPO materials. But the only way to know for sure is for the SEC to investigate the matter. Read More
As the controversy around the Facebook IPO grows, regulators say they will look into it; Moody’s lifts Ford’s credit rating; Dell shares slide after earning; Yahoo charts a new direction. Read More
On May 10, JPMorgan Chase reported a surprise $2 billion loss on a derivatives trade. Estimates of the loss have been upped to $3 billion. A class-action suit regarding the trade has been filed by the law firm Robbins Geller Rudman & Dowd. We spoke with Sam Rudman, a former attorney with the SEC Enforcement Division and a founding member of Robbins Geller, about the case. Read More
A few years ago, investor expectations of bank earnings were said to be “at rock bottom.” Bank analysts and journalists explained that the banks would report a “kitchen sink” quarter, in which they would take heavy losses and start “laying the groundwork for a strong recovery." That was 2007. Read More