Slowly but surely, the demand for initial public offerings of shares in companies new to the US stock market is picking up – at least, if we’re to judge by levels of activity.
Venture capital investments rose to their highest level in nearly 15 years during the second quarter, with the majority of funding going to software and media/entertainment companies, according to a report released Friday.
Second-quarter earnings at Goldman Sachs have been almost cut in half after the bank set aside $1.45bn (£930m) for legal costs connected with the potential mis-selling of mortgage bonds.
Active fund managers may be having their best year since the financial crisis, but investors don't seem to care.
'A fairly remarkable phenomenon and I think kind of a frightening one'.
It was billed as a debate over the merits of shareholder activism, with two lions of Wall Street facing off: Carl Icahn, the billionaire investor, and Laurence Fink, the CEO of BlackRock, one of the world’s largest money management firms.
Tom Hayes, a former trader on trial on Libor manipulation charges, told a London court on Wednesday he had made mistakes and 'educated guesses' during interviews with investigators while he was cooperating with Britain's Serious Fraud Office (SFO) in 2013.
Bank of America CEO Brian Moynihan has been hiring more sales staff, in areas ranging from commercial lending to wealth management, in his latest effort to boost revenue that has barely budged for years.
Important people at Goldman Sachs want Jeb Bush to be the next U.S. president. And they’re giving him a lot of money to make it happen.
Almost one in three investors at Icap have voted against the City company’s plans to more than double the salary of its boss Michael Spencer – a former Conservative party treasurer – as part of a revamp of its bonus system.
That didn’t take long.
Point72 Asset Management, the firm that oversees billionaire Steven A. Cohen’s wealth, reassured employees that its planned expansion to London remained on track, despite Britain’s decision to leave the European Union.
Britain is likely to enter a recession within the year as a result of last week's vote to leave the European Union, a decision that will stunt global economic growth as well, Goldman Sachs' top economists said on Sunday.