Goldman Sachs Group News

Lloyd Blankfein, the chairman and chief executive, of Goldman Sachs, has claimed that bankers do "God's work". Lloyd Blankfein, chairman and chief executive officer of Goldman Sachs Photo: BLOOMBERG Mr Blankfein , the son of a Brooklyn postal worker, believes that banks serve a "social purpose" and argues that the return of big profits and bonuses ...

The Republican National Committee and the Republican Governors Association, led by Mississippi Gov.

Even as Washington tries to rein in Wall Street pay, bankers are likely to make unusually large gains on the stock grants and options they received after shares in their companies fell sharply during the financial meltdown.

Billionaire investor Warren Buffetta s Berkshire Hathaway Inc. said third-quarter profit tripled on gains in derivatives tied to stocks and bonds.

Wall Street firms are in a quandary about getting involved with a planned public offering of Russian aluminum producer UC RUSAL because its founder has been barred from getting a U.S. visa on account of allegations that he is connected to organized crime, the Wall Street Journal reported on Saturday.

Fannie Mae , the mortgage buyer seized by regulators, plans to tap emergency U.S. capital for a fourth time this year, bringing its draws of taxpayer money to $60 billion as the company sees no immediate end to its losses.

CIT Group Inc., one of the nation's leading funders of small and medium-sized businesses, filed for the fifth largest bankruptcy by assets in U.S. history Sunday as part of a reorganization plan that has the support of an overwhelming majority of debtholders.

Billionaire investor Warren Buffetta s Berkshire Hathaway Inc. said third-quarter profit tripled as stock markets advanced and the cost of compensating insurance customers for storm damage dropped.

Nov. 6 -- Jan Hatzius, chief U.S. economist at Goldman Sachs Group Inc., talks with Bloomberg's Deidre Bolton and Erik Schatzker about his outlook for the economy, labor market and Federal Reserve monetary policy.

Wall Street bankers once again are the target of populist outrage, this time over the news that Goldman Sachs , Citigroup , JPMorgan Chase , and others are receiving limited doses of the H1N1 swine flu vaccine.

The hedge fund consultant business model is over, said Jim Cramer on Thursday's "Stop Trading!" segment on CNBC .

In a Sunday June 7, 2009 photo, Angela Lansbury poses with her trophy for Best Performance by a Featured Actress in a Play for "Blithe Spirit" at the 63rd Annual Tony Awards in New York.

Some of New York Citya TMs largest employers a ' including Wall Street firms Goldman Sachs and Citigroup a ' have started receiving some doses of swine flu vaccine.

Big bonuses could be back in store for some top executives and traders on Wall Street as profitability returned to the investment banking industry in 2009, according to a new study released Thursday.

The elections that attracted national attention Tuesday were all on the East Coast, with New Jersey Governor Jon Corzine going down to defeat and conservative Republican activists like Sarah Palin failing in their effort to override the local party and elect a fellow-traveler to an open Congressional seat in upstate New York.

Republicans swept governors' races in New Jersey and Virginia as voters concerned about rising jobless rates and record home foreclosures punished Democrats.

Wall Street's top trading firm saw $100 million-plus in revenue more days than not last quarter, comfortably bankrolling an 80% hike in average pay for its 31,700-strong work force.

Goldman Sachs is locked in a battle with the distressed funds that control CanWest , the Canadian media company.

Lender CIT Group has filed for Chapter 11 bankruptcy protection, in an effort to restructure its debt while trying to keep loans flowing to the thousands of mid-sized and small businesses.

Goldman Sachs has agreed to sell half of its holdings in Shineway Group, China's top meat processor, to a Chinese fund for around $150 million, earning roughly five times its investment from the landmark 2006 deal, sources with direct knowledge of the matter said on Wednesday.