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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.
The Federal Reserve said Monday that GMAC is the only one of 19 stress-tested banks that needs more capital to withstand future losses if the economy softens. GMAC, a crucial player in the U.S. auto industry, has been unable to raise the $11.5 billion regulators said it needed. The Fed says the finance company is expected to close the gap with more money from the $700 billion financial bailout.
CHICAGO - If you're one of the millions of Americans holding a credit card, you've probably already noticed: Credit-card issuers are hiking interest rates, penalties and fees in full force ahead of stringent new laws that take effect in February.
What do IPO investors and "Twilight" fans have in common? For one thing, they both thrive on anticipation. And as teenage girls everywhere count the days till the Nov. 20 release of the latest film in the vampire saga, they'll have something else in common: Rue21.
In the downturn, many entrepreneurs have ended holiday bonuses and have significantly slashed gift giving to customers and workers.
Nov. 9 (Bloomberg) -- The Federal Reserve said nine of 10 bank holding companies deemed short of capital in May have raised their reserves enough to withstand the risk of higher unemployment and slower economic growth.
Nov. 10 (Bloomberg) -- Treasury 10-year note yields may climb to 3.70 percent over the next few weeks as yields on the 10-year Japanese government note rise, according to strategists at Citigroup Inc.
Kraft Foods has gone hostile in its bid to buy Cadbury but didn't sweeten its first bid, drawing an immediate rejection from the British candy maker in what is likely to be a lengthy takeover struggle.
American Express OPEN is using social media to spur its own growth, but the growth of its small business customers.
Sen. Christopher Dodd will propose creating a single U.S. regulator that would strip the Federal Reserve and Federal Deposit Insurance Corp. of bank supervision authority as part of an overhaul of financial-industry rules, said a person familiar with the matter.
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.
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.
Nov. 9 (Bloomberg) -- 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.
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.
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.
