News on Goldman Sachs Group Inc.

Banks' fourth quarter trading revenue falls 66 percent

2010-03-19T11:15:34Z

<div><p>NEW YORK (Reuters) - Trading revenue at U.S. commercial banks fell 66 percent in the fourth quarter, the Office of the Comptroller of the Currency said on Friday, as uncertainty over pending derivatives legislation added to a seasonal slowdow...

Lawmaker seeks records on Fed Board stock ownership

2010-03-19T08:00:57Z

<div><p>WASHINGTON (Reuters) - The head of the House of Representatives' Oversight Committee said on Friday he had asked the Federal Reserve to provide all documents relating to a rule waiver that allowed then-New York Fed Board...

Appetite for reform fading: NYSE Euronext CEO

2010-03-11T10:45:13Z

<div><p>BOCA RATON, Florida (Reuters) - The appetite and sense of urgency for world financial reform have waned as markets have rebounded and the world economy has shown signs of recovering, the head of exchange operator NYSE Euronext <NYX.N>...

Wednesday Morning 3/10/10 (BAC, AEO, TRK, JCG)

2010-03-10T20:00:12Z

US indexes opened up, but not by a lot. The DJIA is +21points, with Bank of America (BAC) leading the way after a good PR move.

Attemp...

Regulators tell banks to restrict dividends, buybacks: report

2010-03-10T05:45:32Z

<div><p>NEW YORK (Reuters) - Shareholders may have to wait for months to retrieve capital after U.S. regulators told banks not to increase dividends or buy back shares amid political and economic uncertainty surrounding the financial industry, the Financial Times reported on Wednesday.</p...

Deutsche Bank denies Greek financing questionable

2010-03-06T07:30:05Z

<div><p>FRANKFURT (Reuters) - Deutsche Bank <DBKGn.DE> on Saturday denied a magazine report that its financing of a Greek trade deal seven years ago was "questionable."</p><p>Germany's D...

Six Flags junior noteholders line up financing

2010-03-05T16:45:28Z

<div id="subtitle">Six Flags junior noteholders get financing commitment on eve of battle on reorganization plan</div><div><p>Holders of junior notes issued by Six Flags Inc. have received a $1.1 billion financing commitment that could bolster their fight against the company's Chapter 11 reorganization plan.</p><p>The junior noteholders filed a commitment letter from Conexant prices offering of 14 million shares at $4 each, expects $52 million in proceeds</div><div><p>Chip designer Conexant Systems Inc. late Thursday said it has priced an underwritten public offering of 14 million shares at $4 apiece.</p><p>Conexant is giving the underwriters a 30-day option to buy another 2.1 million shares to cover overallotments.</p><p&...

Goldman Sachs won't investigate executive pay

2010-03-01T10:00:15Z

<div id="subtitle">Goldman Sachs rejects shareholders' call for executive pay investigation</div><div><p>Goldman Sachs Group Inc. said Monday it has rejected demands by shareholders to investigate the Wall Street bank's compensation practices.</p><p>Shareholder lawsuits filed recently in

2010-03-01T08:45:29Z

<div><p>NEW YORK, March 1 Reuters) - Warren Buffett said "out of control" health care costs are a "tapeworm" limiting growth in an economy recovering only fitfully from the financial crisis.</p><p>The world's second-richest person called on Washington policymakers to adopt fundamental re...

Goldman board rejects shareholder demands on pay

2010-03-01T06:00:25Z

<div><p>NEW YORK (Reuters) - Goldman Sachs Group Inc's <GS.N> board has rejected demands from shareholders that the firm investigate recent compensation awards, recoup excessive compensation and reform pay practices.</p><p>Wall Street's dominant bank, criticized...

Barclays hires former Goldman banker Leven

2010-02-28T19:45:07Z

<div><p>HONG KONG (Reuters) - Barclays Plc <BARC.L> has hired former Goldman Sachs <GS.N> banker Johan Leven as co-head of corporate finance in Asia-Pacific, Barcla...

UK's Pru plans $20 billion rights offering

2010-02-28T19:00:47Z

<div><p>NEW YORK (Reuters) - Britain's Prudential Plc <PRU.L> plans to do a rights offering of about $20 billion to finance a $35.5 billion purchase of American International Group's &lt...

Citi, BofA pay banking heads more than CEOs

2010-02-26T16:15:18Z

<div><p>NEW YORK (Reuters) - For executives at Bank of America Corp <BAC.N> and Citigroup Inc, <C.N> it pays to be just below the top.</p><p>At both banks, investment banking heads received compensation that dwarfed their chief executiv...

Where’s the "Big Money" headed now?

2010-02-25T19:15:14Z

<div id="subtitle">More reasons to be constructive on cyclical stocks</div><div><p>The remarkable week that just concluded actually began on February 12. Stocks plunged in the opening minutes of trading that morning as investors' faith in the global economic recovery was shaken. In China, policymakers again tightened monetary policy in a fight against rapid credit growth and fast rising asset prices. In

Fed optimistic on changing Wall St pay

2010-02-25T15:00:35Z

<div><p>WASHINGTON (Reuters) - The Federal Reserve expects the largest U.S. banks to make progress this year in overhauling their pay practices, while acknowledging that more dramatic changes may take longer to implement, a Fed official said on Thursday.</p><p>US Federal Reserve is reviewing the role of Goldman Sachs and other firms to helped Greece hide its debt problems, chairman Ben Bernanke said Thursday.</p><p>Bernanke said the central bank was examining

SEC examines destabilizing effects of CDS

2010-02-25T13:30:34Z

<div><p>WASHINGTON (Reuters) - Securities regulators said on Thursday they are examining the potential abuses and destabilizing effects of credit default swaps, a financial instrument that can be used to speculate on an issuer's credit worthiness.</p><p>The Securities and Exchange Commission comment...

Bernanke wants answers on Goldman role in Greece

2010-02-25T09:30:13Z

<div><p>WASHINGTON (Reuters) - U.S. regulators are looking into how Wall Street firms like Goldman Sachs <GS.N> helped debt-stricken Greece arrange derivatives deals that c...

Deere mulls possible sale of wind energy business

2010-02-25T09:15:34Z

<div id="subtitle">Deere hires Goldman to review options for wind energy business, including its possible sale</div><div><p>Farm equipment maker Deere & Co. said Thursday it has hired investment adviser Goldman Sachs & Co. to review options for the company's wind energy business, including a possible sale.</...