In an otherwise routine shareholder meeting in Salt Lake City, Goldman Sachs on Thursday released a report detailing actions the Wall Street firm has taken to improve its business practices after a series of embarrassing missteps that stained its reputation in the aftermath of the financial crisis.
New York-based broker-dealer Direct Access Partners has closed its doors, said a person familiar with the matter, after allegations surfaced earlier this month of a multimillion dollar Venezuelan bribery scheme involving two of its traders.
Two Cary companies have been priced for their public debuts, and one already is off and running on Wall Street this morning.
Goldman Sachs Group Inc. linked bonuses and promotions to employees' success in protecting the firm's reputation and put new restrictions on some client transactions to avoid a repeat of the damage to its standing in the wake of the financial crisis.
Christine Lott was bored and restless as a vice president at Goldman-Sachs, an investment bank on Wall Street.
A group of investment firms including Citadel Securities LLC sued the Chicago Board Options Exchange Inc and four other exchanges on Wednesday for improper charges on millions of options trades over a seven-year period.
Canaccord Genuity joins Goldman Sachs in predicting that the Standard & Poor's 500 Index will continue to climb for at least two more years.
Shares of Saks spiked 18% to five-year highs Wednesday morning following a report that the retailer has hired Goldman Sachs to explore a possible sale to a deep-pocketed private-equity or sovereign-wealth fund.
Hedge funds' returns have stayed "lackluster" this year, with the $2.3 trillion industry trailing the gains of the Standard & Poor's 500 Index by about 10 percentage points, according to Goldman Sachs Group Inc.
Financial stocks were up on Wednesday as Federal Reserve Chairman Ben Bernanke testifies to Congress about the state of the economy in which he confirmed his support for continuing monetary stimulus to help the economic recovery.
Pressing the G8 to get tough on avoidance is hypocrisy while British dependencies like the Caymans are still in business 'Dependencies' like the Caymans enjoy the benefits of citizenship and yet harbour people who are lifting billions from UK taxpayers.
Dow component Hewlett-Packard Co. and Target Corp. are among the high-profile companies in the queue to report quarterly results on Wednesday.
In Hong Kong, where the Hang Seng Index fell 0.5% to 23366.37, the focus was on one of China's largest banks.
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The Dow Jones industrial average and S&P 500 ended at all-time highs, while the dollar rose and gold fell.