Some of Goldman Sachs Group's largest shareholders have asked the company to cut the size of its bonus pool and pass along more of its profits to investors, the Wall Street Journal reported, citing people familiar with the situation.
Wednesday, 18 Nov 2009 | Source: The Associated Press
A group of House Democrats are stepping up demands for greater transparency from the Federal Reserve after reports that the Fed mishandled the bailout of insurance giant American International Group.
Wednesday, 18 Nov 2009 | Source: The New York Times
In a report released Tuesday by the comptroller of New York State, Wall Street profits in 2009 are on track to exceed the record set three years ago, reports the New York Times.
Wednesday, 18 Nov 2009 | Source: The New York Times
After first staunchly defending its outsize profits and pay, and then bristling at calls for restraint in these tough economic times, Goldman is trying a new tack: It is apologizing for past mistakes that led to the financial crisis — and sharing at least some of its riches. The New York Times reports.
Goldman Sachs could have suffered dramatic losses if the federal government had not intervened to prop up American International Group, according to a government report.
Goldman Sachs apologized for the role it played in the financial crisis, by taking part in the credit boom which preceded the bursting of the bubble the Financial Times reported Wednesday.
Former Merrill Lynch Chief Executive John Thain, who was fired after a scandal over the payment of billions of bonuses to Merrill traders, argued that big payouts played no role in triggering the financial crisis.
Some of the world's largest financial firms on Monday urged a top U.S. lawmaker not to pursue big bank break-up legislation, an idea attracting interest in Congress and causing alarm on Wall Street.
Hedge fund billionaire John Paulson's firm took a stake in the bank, while cutting holdings in Bank of America and its interest in Goldman Sachs, according to a regulatory filing on Friday.
Friday, 13 Nov 2009 | Posted By:
Albert Bozzo | Source: CNBC.com
Green or sustainability is now such a broad and deep subject, so multi-dimensional, that even the most aware and informed have trouble keeping up. At the same time, some still don't get it, and in that way green is a bit fuzzy. There's nothing fuzzy about carbon, however. It's as old as the world as we know it and the core of our energy supply.
Discount retailer Dollar General Corp priced shares in its initial public offering at $21 each, at the low end of expectations, in the latest effort by a private equity firm to unload a portfolio company in a market that has become unreceptive to such deals.
Thursday, 12 Nov 2009 | Source: The New York Times
The latest tax filing for Goldman Sachs’s foundation is as thick as a phone book. The list of trades is more than 200 pages, single spaced. Goldman, it seems, invests like no other, even for its own charity.
Motorola is in the early stages of looking into a potential sale of roughly $4.5 billion of its television set-top box and network equipment business, according to a Wall Street Journal report.
Goldman Sachs has pulled out of a mandate to handle what would be South Korea's largest IPO since 2006, worth an estimated $2 billion, with Credit Suisse picked to replace the U.S. investment bank.
In light of all the uncertainty looming in the financials, what must you know to trade banks? For insights we turned to widely followed analyst Dick Bove.... Read More
Warren Buffett will be one of three co-chairmen for a just-announced $500 million Goldman Sachs initiative to help small businesses around the United States, and perhaps, the firm's damaged public image.... Read More
Investors are wondering if Target and Home Depot are 'playing mind games' after both warned on their outlooks yet posted quarterly profits that handily topped estimates.... Read More