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San Francisco-based Sunrun Inc. Files for an Initial Public Offering
Sunrun Inc. – a San Francisco-based US solar energy company that provides solar energy to homeowners filled for an initial public offering of its …
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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 …
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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 …
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Morgan Stanley still views Tesla as the Most Important Car Company in the World despite Warning
Morgan Stanley, one of the most prominent supporters of electric luxury car maker, Tesla Motors Inc., has issued a cautious report sending its shares …
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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 …
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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 …
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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 …
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Retail Brokerage Venture Leads Morgan Stanley to Consider Job Cuts
Morgan Stanley has been faced with a tremendous amount of pressure recently to show an increase in the profit margins of its retail brokerage sector. It has decided to adopt various measures to trim down on costs such as office consolidation, announcement of layoffs, among others. According to sources, the number of job positions which are faced with the threat of layoffs is not really clear for the time being.
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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.
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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.
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LinkedIn’s Debut at $45/Share Sets Stage for other Social Media IPOs
The California-based professional social networking website, LinkedIn, co-founded by Reid Hoffman and run by chief executive Jeff Weiner, is all set to make a …
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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 …
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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 …
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Tokyo and Osaka Stock Exchanges set to ride the market-merger wave
Tokyo Stock Exchange (TSE), the 4th-largest global bourse by trading volume, has confirmed plans of beginning talks with its smaller Japanese rival, the Osaka Stock …
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Destination Africa! Record $44 billion M & A deals over 2010.
They stood strong, survived and even thrived through the global financial crisis. Now, having set a record high of $44 billion worth of mergers …
