Goldman Sachs President and COO Gary Cohn spoke with Bloomberg Television’s Stephanie Ruhle and Erik Schatzker about the impact of Hurricane Sandy on the bank from Cleveland, OH Tuesday morning.
Just some of the devastation caused by Sandy snapped on smart phones ....
Barclays is facing further scrutiny by regulators, the embattled bank warned on Wednesday, as it braced for a fine from the American authorities for the way it has traded power in the western US.
UBS is eliminating about 30 fixed-income jobs in Japan, two people with knowledge of the matter said, as the bank plans to shrink investment banking operations worldwide.
It's starting to sink in now, and it doesn't look good for London.
Barclays said third-quarter pretax profit rose 29% as revenue from the fixed-income arm of its securities unit increased, mirroring gains at the British bank’s U.S. competitors.
Global investment banks such as Barclays and Deutsche Bank will probably increase their market share after UBS decided to scale back its investment bank in the face of higher capital requirements.
New York underwater is a favorite image of disaster-movie makers.
U.S. equity markets will reopen Wednesday after the longest weather-related shutdown in more than a century, resuming after the New York Stock Exchange was spared by Hurricane Sandy as it swept through New York Monday.
I've done that UBS walk to HR, although I was actually taken to the meeting room by my boss.
Barclays will continue the first-quarter’s 'strong' performance through the rest of the year as the bank shrinks its securities unit, CEO Antony Jenkins said.
Goldman Sachs is in talks to pay $2bn to $3bn to settle a probe into its sales of mortgage bonds leading up to the financial crisis, according to a person with direct knowledge of the situation.
When people say there is a revolving door between the Securities Exchange Commission and Wall Street, they don't usually intend it as a compliment.