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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 ...
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.
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.
Citigroup's decision to seek an initial public offering for its Primerica unit may indicate the company will go this route with other non-core or troubled assets.
The chief executive of Goldman Sachs, which has attracted widespread media attention over the size of its staff bonuses, believes banks serve a social purpose and are doing "God's work.".
German insurance group Allianz posted Monday a third quarter profit of 1.32 billion euros (1.97 billion dollars), in line with expectations and nearly double the previous year's figure.
The only thing worse than Goldman Sachs amassing billions in bonus money for its executives, based on various government subsidies and bailout measures, is listening to it try to explain it all away.
