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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 …

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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 …

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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 …

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

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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.

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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.

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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.

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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.

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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.

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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.

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