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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.
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.
But now when Wall Streeters find taxpayers' money, they suddenly find God. Goldman Sachs' chief executive Lloyd Blankfein tells the Sunday Times of London that bankers are doing "God's work" and they do have a social purpose, statements that come fast on the heels of Barclays Capital CEO John Varley telling a London church congregation that "profit is not satanic."
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.
Enterprise Community Partners, Inc. and MetLife Foundation today recognized the winners of the 2009 MetLife Foundation Award for Excellence in Affordable Housing at the annual meeting for the American Association of Homes and Services for the Aging in Chicago.
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.".
Nov. 10 (Bloomberg) -- Senator Christopher Dodd proposed legislation to create a single U.S. regulator that would strip the Federal Reserve and Federal Deposit Insurance Corp. of bank- supervision authority.
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.
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