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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.
German insurer Allianz posts 3rd quarter net income of €1.32 billion on higher revenue
Bonuses at financial firms worldwide will increase by an average of 40% this year, according to an annual report released Monday.
Nov. 9 (Bloomberg) -- Jurors in the securities fraud prosecution of former Bear Stearns Cos. hedge-fund managers Ralph Cioffi and Matthew Tannin began deliberations following a month-long trial, one of the first tests of whether the U.S. can prove criminal conduct in the subprime mortgage collapse.
Nov. 9 (Bloomberg) -- 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.
The giant U.S. bank Citigroup (NYSE:C) says it is distributing stock options to its employees in a bid keep them on board at the bailed-out institution.
Prohibiting big commercial banks from owning investment-banking institutions would be unlikely to limit the “too big to fail” problem with big banks, a key Federal Reserve regulator says.
All but one of the 19 largest banks have raised the extra capital cushion regulators said they'd need to withstand a deeper recession — a sign, the Treasury secretary said, of how much the financial system has improved since the crisis began.
The case of two former Bear Stearns hedge fund managers accused of lying to investors about the safety of subprime-mortgage related investments went to a jury Monday.
Goldman Sachs, JPMorgan Chase and Morgan Stanley Will Hand out Record Amounts
Deutsche Bank (NYSE: DB) announced today it will add 250 more employees to its operations center in Jacksonville, where the German-based bank currently employs more than 600. The company opened the center last year, saying it plans to employ 1,000 people by 2011. read more
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.
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.
