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Hands & 'God'

The Financial Times reports that private equity guru Guy Hands admitted in court Wednesday that 'probably 60 - 70% of my wealth is dependent on how EMI does'.

Morgan Stanley Posts Net Loss

Morgan Stanley has reported a net loss of $91m for the quarter ended September 30, 2010. $229m was written down in the period related to costs associated with the planned disposition of Revel Entertainment Group.

Goldman's Q3 Earnings

Goldman Sachs has reported net revenues of $8.90 billion and net earnings of $1.90 billion for its third quarter ended September 30, 2010.

Bank of America Posts $7.3bn Net Loss

Bank of America Corporation today reported a net loss of $7.3 billion, or $0.77 per diluted share, in the third quarter of 2010, including a non-cash, non-tax deductible goodwill impairment charge of $10.4 billion.