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Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.'s investment bank, survivors of the worst financial crisis since the Great Depression, are set to pay record bonuses this year.
Goldman Sachs, Citigroup got employees swine flu vaccine KAREN MATTHEWS Associated Press NEW YORK -- Some of New York's biggest companies, inclu ...
Fewer U.S. banks tightened lending standards for companies and consumers in the third quarter as the economy grew for the first time in more than a year, a Federal Reserve survey showed.
Nov. 9 (Bloomberg) -- German stocks advanced for a fourth day, the longest winning streak since September, after the Group of 20 nations agreed to maintain stimulus measures and Allianz SE said third-quarter profit more than doubled.
ICBC, the world’s most profitable bank, gained 1.1 percent. Bank of China , the nation’s third-largest lender, added 1.5 percent. Credit Suisse lifted its recommendation on the shares to “outperform.”
Nov. 10 (Bloomberg) -- Genmab A/S, the Danish biotechnology company, was cut to “underperform” from “neutral” at Credit Suisse Group AG, which cited “reduced peak sales estimates” for its Arzerra leukemia treatment.
Nov. 10 (Bloomberg) -- Continental European shares were raised to “overweight” from “underweight” at Credit Suisse Group AG, which said Germany “looks particularly attractive.”
Nov. 9 (Bloomberg) -- Goldman Sachs Group Inc. is underwriting $400 million of bonds backed by an Ohio real estate company’s shopping centers in the first sale to tap a U.S. program to unlock lending in the commercial mortgage market.
The people at JPMorgan Chase have received some good news about their paychecks: The bank is removing a salary freeze for employees earning more than $60,000 a year, with raises taking effect early next year. The freeze was put in place at the height of the financial crisis last year.
The 47-year-old former Bear Stearns Cos. executive two days ago was in position to double his $22 million in chips with a pair of queens showing to his opponent’s ace-queen combination.
Nov. 9 (Bloomberg) -- European stocks advanced for a fourth day after the Group of 20 nations agreed to maintain stimulus efforts and Allianz SE, the region’s biggest insurer, reported profit that beat analysts’ estimates.
Federal Reserve Says Stressed Banks Are On Track
Nov. 9 (Bloomberg) -- European stocks posted the steepest gain in more than three weeks after the Group of 20 nations agreed to maintain stimulus efforts and Allianz SE, the region’s biggest insurer, reported profit that beat analysts’ estimates.
MetLife agreed last week to pay $50 million -- a fraction of the $8 billion sought by the class -- to settle a class action claim it had defrauded 8.6 million policyholders when it converted from a mutual company in 2000 to a publicly traded one. Sources familiar with the case said the settlement was reached after a New York federal judge ruled MetLife could introduce a decision by the New York ...
German insurer Allianz SE said Monday it posted a net profit in the third quarter from a loss a year ago due to improved revenue in life and health insurance and financial services.
Nov. 9 (Bloomberg) -- American International Group Inc. , the insurer bailed out by the U.S., will be able to repay its Federal Reserve credit line and “much or all” of the Treasury Department’s investment if financial markets stabilize, Moody’s Investors Service said today.
