The third-quarter was another tough one for many firms. Here's our usual note of who did what in the period.
Goldman shares hit a five-and-a-half year low Monday, after yet another analyst predicted that the firm is likely to post a fourth-quarter loss.
Bloomberg reports that BlackRock CEO Larry Fink told an audience at the Reuters Global Finance Summit in New York Tuesday that we may be approaching the end of the bear market.
Bloomberg reports that there's a big backlash on Main Street about the so-called Wall Street bailout. The news agency says that the majority of Americans feel that bankers should get NO bonuses at all this year.
My, how times change. This year the equity boys will be doing rather better on the bonus front. But here's what we were singing this time last year - to the tune of Band Aid's 'Do They Know It's Christmas'.
As rumours fly that JPMorgan and Morgan Stanley are likely to ask between 10 - 15% of wholesale banking staff to leave, Reuters reports that both Citi and Goldman Sachs were busy cutting heads last week.
Reuters reports that, as bad as September was for many hedge funds, October was even worse.
The Financial Times reports that Peter Wuffli, the former CEO of UBS, has agreed to forfeit some $10m in bonus payments he is due to receive. Wuffli told Swiss weekly newspaper NZZ am Sonntag: 'I had been thinking long and hard about this step. For me this is a personal decision. High payments to top managers at a company that is in difficulties can't be justified'.
Reuters reports that the board at AIG has been busy meeting with US Treasury officials to thrash out a change in the terms of the bailout of the insurer. Under the new plan, the US government is thought likely to buy $40bn in preference shares, which should ease the cash pressure on the firm and give it additional time to sell assets to repay government loans.
Our Highly-Placed Professional muses on the subject of whether anyone is making any money in the current market turmoil.
Less is more.
Ten senior Goldman Sachs executives, including CEO Lloyd Blankfein, were on New Year's Eve given stock pegged to earlier restricted awards worth tens of millions of dollars.
Subtract the Oracle of Omaha's charitable donations for this past year, and the total of the top 15 donors would be far less than last year's $2.6 billion.