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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 U.S. economic recovery still faces many hurdles, including a persistently weak labor market and strained household budgets, Janet Yellen, President of the Federal Reserve Bank of San Francisco, said on Tuesday.
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.
The U.S. economic recovery is under way and policymakers should now focus on ensuring it is a durable one, a top Federal Reserve official said on Tuesday.
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.
Nov. 10 (Bloomberg) -- Axa SA , France’s biggest insurer, and Australian wealth manager AMP Ltd. may sweeten their bid for Axa Asia Pacific Holdings Ltd.
The hedge fund industry may streak past its $2 trillion record high by the end of next year, as improved returns have lured investors back, Barry Bausano, Deutsche Bank ’s global co-head of prime finance, predicted.
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.
