Topic: Goldman Sachs Group Inc.
UK's Pru plans $20 billion rights offering
Reuters US Online Report Business News
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 <AIG.N> Asian life insurance unit, a source familiar with the situation said on Sunday ...
Citi, BofA pay banking heads more than CEOs
Reuters US Online Report Business News
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. At both banks, investment banking heads received compensation that dwarfed their chief executive's pay. Citigroup said its chief executive, Vikram ...
Where’s the "Big Money" headed now?
Stockhouse
More reasons to be constructive on cyclical stocksThe 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 ...
Fed optimistic on changing Wall St pay
Reuters US Online Report Business News
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. Wall Street pay has been a frequent source of controversy in the ...
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