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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 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.
Nov. 9 (Bloomberg) -- German stocks advanced for a fourth day, led by financial companies after Allianz SE, Europe’s biggest insurer, more than doubled third-quarter profit.
MALVERN, PA--(Marketwire - November 10, 2009) - Auxilium Pharmaceuticals, Inc. ( NASDAQ : AUXL ) today announced that executive management will participate in the Credit Suisse Global Healthcare Conference to be held November 11 - 13, 2009 at the Arizona Biltmore in Phoenix, Arizona. Mr. Jim Fickenscher, Chief Financial Officer, is scheduled to present an overview of the Company and its product ...
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.
Cramer says this well-run company is on fire.
(Adds further details, background, in the first and sixth through eighth paragraphs.) WASHINGTON -(Dow Jones)- The U.S. Federal Reserve said Monday that auto lender GMAC Financial Services was the only one of 10 bank-holding companies that hasn't yet met capital requirements under its stress tests.
Even the best cardholders are seeing their interest rates rise and credit lines get cut as financial firms struggle to make money in their card units.
Nov. 9 (Bloomberg) -- U.S. taxpayers may have to share in the losses on $301 billion of Citigroup Inc. loans and securities covered by federal guarantees after unemployment reached a 26-year high, according to the Congressional panel overseeing bank-bailout programs.
Nov. 9 (Bloomberg) -- Allianz SE , Europe’s biggest insurer, said third-quarter profit from continuing operations more than doubled as investment income recovered from year-ago writedowns.
Nov. 9 (Bloomberg) -- Deutsche Bank AG named Giuseppe Baldelli to run its Italian takeovers business.
Nov. 9 (Bloomberg) -- Abercrombie & Fitch Co. jumped the most in five months in intraday trading after Goldman Sachs Group Inc. added the U.S. retailer to its “conviction buy” list, citing the potential for international sales growth.
Nov. 10 (Bloomberg) -- Federal Reserve Governor Daniel Tarullo said proposals to separate trading from deposit taking and lending at the biggest banks probably wouldn’t dispel the perception that some firms are too big to fail.
Nov. 10 (Bloomberg) -- Hedge fund assets may top the previous $2 trillion high by the end of next year as double-digit average returns lure investors, said Barry Bausano , Deutsche Bank AG’s global co-head of prime finance.
Nov. 9 (Bloomberg) -- Investors should end bets that the euro and the pound will rise against the dollar, according to Citigroup Inc.
