Goldman Sachs CEO Lloyd Blankfein might yet start a trend - more Wall Street CEOs could start sporting beards. Here's what they might look like:
Goldman Sachs CEO Lloyd Blankfein spoke with Bloomberg TV's Stephanie Ruhle at the company's technology conference in San Francisco today.
Barclays, under pressure to trim its securities unit, paid its investment bankers an average bonus of about $84,439.
Private equity, an investing trade plied by 4,500 firms with $3 trillion in assets, is bracing for a shakeout that’s been brewing since the collapse of credit markets choked off a record leveraged-buyout binge.
The federal investigation of insider trading by SAC Capital Advisors LP and its founder, Steven A. Cohen, has been hampered by a lack of extensive e-mail evidence. One reason: During the period of time at the heart of the probe, July 2008, SAC automatically deleted its e-mails.
Shutting Barclays' tax avoidance unit will take up to 10 years as legacy schemes run their course, it has emerged as the new chief executive sets out five principles to govern the bank's new approach.
Barclays is ordering temporary workers to establish themselves as VAT-registered company contractors in a tactic that has been labelled an "extremely cynical ploy" to avoid paying national insurance contributions (NICs).
Blackstone Group has hired Anthony Maniscalco to help run a new business that will buy stakes in hedge-fund managers, said three people familiar with the plans, as the firm tackles an investing area where institutions such as Goldman Sachs have had mixed results.
Most investors in Bernie Madoff's epic Ponzi scheme initially assumed they had lost everything. But a new distribution announced Tuesday by court-appointed trustee Irving Picard will bring the total amount returned to investors past $5 billion for the first time.
Ali Far, a former Galleon Group LLC fund manager, was spared a prison sentence after giving prosecutors 'substantial assistance' by secretly recording conversations with the fund’s co-founder Raj Rajaratnam and three other insider traders.
Mansoor Mohi-uddin, UBS Group AG’s former global head of foreign-exchange strategy, and Gareth Berry, who worked with him at the Swiss bank, began new roles at two different firms in Singapore Monday.
HSBC said first-half profit at its investment bank dropped 5.6% as legal expenses overshadowed an increase in revenue from foreign exchange and equities.
Goldman Sachs increased its estimate for reasonably possible legal costs in excess of reserves by 55% to $5.9bn.