All Entries Tagged With: "goldman sachs"
Dropping Deutsche Bank Q1 Profit after Crisis Reduces Trading
Deutsche Bank AG reported a fall in its first-quarter net profit by one-third from a record level a year earlier. Deutsche Bank blames this on the sluggish client activity, which has continued to pressurize investment banking activities across the board and due to exceptional charges has resulted in the bank’s effort to reduce risks.
Citigroup’s Q1 Profits Recoiled to $2.9 Billion
Citigroup made profits of $2.9 billion in the first three months of the year. Citigroup said that it had been helped by record revenue from processing transactions for its international clients and more customers repaying loans on time. Revenue fell 2 percent to $19.4 billion from the year-ago quarter.
MF Global files for bankruptcy, US banks panic.
MF Global, a now-bankrupt brokerage firm has roots that go back more than two centuries to a London trading firm. Unlike other brokerage firms, MF Global is not in the business which revolves around buying and selling of stocks or into selling of European bonds. MF Global has been in the market for a long time and it primarily focused on assisting investors on placing bets on where stocks or bonds or commodity prices are headed by selling so-called futures contracts.
Hedge-Fund Guru Raj Rajaratnam convicted for Fraud and Conspiracy
In a historic win against corrupt investment practices, billionaire investor and Galleon Group founder, Raj Rajaratnam, was found guilty on 14 insider-trading and conspiracy charges on Wednesday. The long ordeal that started with Rajaratnam’s arrest in October 2009 concluded with a seven-week trial in Manhattan federal court, where the jury delivered across-the-board convictions on nine [...]
Apple claims BrandZ Top 100 top-spot as world’s most valuable brand
The no.1 spot in BrandZ Top 100, the listing that identifies and ranks the world’s most valuable brands, has been taken by Apple this year, ending the four-year reign of search-engine giant Google. With its brand value estimated at over $153bn, the iPhone and iPad maker’s rank has been boosted significantly by the success of [...]
Facebook super-keen to enter China: Talks on with potential partners
With its most recent valuation figuring at $85billion, only about two months after Goldman Sachs, on investing in the world’s no.1 social-networking company, valued it at $50billion, Facebook sure is set to become to take over the virtual world. So what’s the most obvious market for such a rapidly growing company to be exploring next? [...]
AT&T’s $39bn deal with T-Mobile: Morgan Stanley Smiling All The Way
AT&T’s $39 billion blockbuster takeover of T-Mobile marks the biggest global telecom deal since AT&T’s $89.4 billion buy of BellSouth in 2006. The latest among a series of transformational deals for Morgan Stanley‘s telecom bankers, the AT&T / T-Mobile deal will mean a whooping $145 million fee for the advisors. The deal came through after a [...]
Reset your Privacy Settings. American? No stock in Facebook for you!
What’s the latest in the raging Goldman-Sachs/Facebook love affair that has been unfolding over the last two weeks? First, Goldman Sachs invested $450 million in Facebook and followed this up by approaching its wealthiest clients to be part of a fund that would own shares in the fastest-growing social networking company, Goldman Sachs has now [...]
Virtually worth gold! Goldman Sachs invests $450 million in Facebook.
Goldman Sachs and Digital Sky Technologies (DST), a Russian investment firm, have invested $500 million in Facebook, in a deal that values the world’s leading no.1 virtual social networking company at $50 billion. Spokespeople for the social network, Facebook, declined to comment on this transaction as reported by The New York Times, which cited unnamed individuals [...]
