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goldman sachs

Walt Disney on Tuesday promoted Jonathan S Headley as senior vice president and treasurer of the company. Throughout his 11-year tenure, serving as assistant …

Intel Corp. is participating to fund for free software designed to help enterprises achieve all kinds of benefit provided by cloud services from Google …

Goldman Sachs Group Inc has agreed to buy General Electric Co.’s online deposit platform that worth for about $US16 billion of deposit. The recent …

Goldman Sachs to settle Forex lawsuit for $130 million

Goldman Sachs will settle Forex lawsuit by private investors for a sum of $130 million. The lawsuit accused traders at dozen banks for rigging …

FoodPanda raises $100MN led by Goldman Sachs and Rocket Internet

A German-Berlin based global online food delivery portal company, FoodPanda /HelloFood raised USD 100 millions led by Goldman Sachs Investment Company and other existing …

Dudley Warns U.S. Banks to Curb Culture that Breeds Misdeeds or Be Broken Up

William C. Dudley, president of the Federal Reserve Bank of New York, has warned banks to change the way employees are compensated and to …

Virginia Sues 13 Banks for $1.15Billion over alleged Mortgage Bond Fraud

Citigroup, Bank of America, Goldman Sachs Group, Barclays, HSBC and Royal Bank of Scotland are among 13 banks whose units were sued for $1.15bn …

Fed Proposes Tougher “Capital Surcharge” for Lower Risk to Big Banks

The Federal Reserve plans to hit the biggest U.S. banks with a tougher version of capital surcharge than that agreed by international regulators, so …

Goldman Sachs Settles $3.15 Billion FHFA Lawsuit

Goldman Sachs said on Friday that it has agreed to pay $3.15 billion, its largest bill yet to resolve a government lawsuit related to the …

Wall Street Millennial Bankers Wages to Rise Again: Sources

Wall Street banks are currently under pressure to improve working conditions of a new generation of bankers to fight defection and are thus raising …

Alibaba decides to move IPO to the US

China’s largest e-commerce company Alibaba Group Holding Ltd. is planning to go public in the US after it failed to reach an agreement with the Hong Kong stock exchange in regard to a listing there. The Group’s possible shift would set up the latest fight between archrivals Nasdaq OMX Group Inc. and NYSE Euronext for marquee stock listings.

Goldman Sachs Independent Research Unit put to a stop.

After investing a considerable sum of money ranging in the millions on distribution, the Goldman Sachs Group Inc. has finally given up its attempts of trying to sell off research derived from independent analysts to its institutional consumers after coming to know that the managers who possess a lot of money have absolutely no interest in the matter.

News Corp Approves its Plan to Split

One of the biggest news that has swept the world of entertainment and media recently is the idea of the News Corp. to split its business in two halves. As per the reports of the Wall Street Journal, the idea of the splitting of the company has been approved by its board of directors in a meeting that took place on Wednesday and lasted for nearly about an hour and a half. Though the news has not yet been officially confirmed or announced, it is very likely to be done on Thursday by the CEO and the Chairman of the Company named Rupert Murdoch.

Celgene thinks over the bid for Human Genome Sciences

There are two companies apart from Glaxo that are in the process of discussion to make a bid for Human Genome according to reports from sources who are familiar with the situation. Among them Celgene is at a preferable position if it at all makes a bid. As per the source who talked on condition of anonymity stated that it would be more or less a merger of equals situation even though he did not quite identify the other bidder.

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 …

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 …

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