Goldman Sachs could rise to $239 a share were all its businesses to peak at once, said Brad Hintz, an analyst at Sanford C. Bernstein.
Antony Jenkins, CEO of Barclays, has admitted it could take as long as a decade for the bank, which has been implicated in a number of banking scandals, to regain customer trust.
Wells Fargo has agreed to pay Fannie Mae $591m to resolve repurchase demands on loans originated before 2009 and sold to the government-backed firm.
Senior staff at Goldman Sachs in London received average pay deals of £2.7m in 2012 – a 50% rise on 2011 – the company disclosed on Monday, shedding fresh light on the rewards on offer in the City as Brussels prepares to impose a cap on bonuses.
Paul Tucker, the former deputy governor of the Bank of England, is among several figures from the world of finance to receive a knighthood in the New Year honours list, despite claims that he was involved in the Libor interest-rate fixing scandal.
GQR Global Markets - the award-winning Banking & Finance, Commodities & Energy and Information Technology search firm - is expanding its New York operations with the acquisition of new space in Midtown Manhattan, New York.
Sad to report.
The Shanghai Stock Exchange will take measures against brokerages including a UBS unit and China International Capital for sell orders that caused stocks to plunge on December 20th, a bourse official said.
Wells Fargo was ordered by an arbitration panel to buy back about $94m of auction-rate securities from investors.
British authorities are preparing charges against several more bankers and traders in connection with the Libor-rigging scandal, the country’s top fraud investigator has revealed.
At an event honoring Warren Buffett's 50 years at Berkshire Hathaway, Bill Ackman openly criticized Buffett for his stake in Coca-Cola.
George Osborne has said City fraudsters should receive the same treatment as shoplifters as he joined forces with the governor of the Bank of England, Mark Carney, to promise the public that the scandal-hit financial sector was being cleansed of wrongdoing.
Capital markets could adopt the technology behind bitcoin as early as next year, revolutionizing the industry by enabling more secure transactions and creating new streams of revenue, according to a report by TABB Research.