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Goldman Sachs CEO Lloyd Blankfein might yet start a trend - more Wall Street CEOs could start sporting beards. Here's what they might look like:
Goldman Sachs CEO Lloyd Blankfein spoke with Bloomberg TV's Stephanie Ruhle at the company's technology conference in San Francisco today.
Barclays, under pressure to trim its securities unit, paid its investment bankers an average bonus of about $84,439.
Private equity, an investing trade plied by 4,500 firms with $3 trillion in assets, is bracing for a shakeout that’s been brewing since the collapse of credit markets choked off a record leveraged-buyout binge.
The federal investigation of insider trading by SAC Capital Advisors LP and its founder, Steven A. Cohen, has been hampered by a lack of extensive e-mail evidence. One reason: During the period of time at the heart of the probe, July 2008, SAC automatically deleted its e-mails.
Shutting Barclays' tax avoidance unit will take up to 10 years as legacy schemes run their course, it has emerged as the new chief executive sets out five principles to govern the bank's new approach.
Barclays is ordering temporary workers to establish themselves as VAT-registered company contractors in a tactic that has been labelled an "extremely cynical ploy" to avoid paying national insurance contributions (NICs).
Blackstone Group has hired Anthony Maniscalco to help run a new business that will buy stakes in hedge-fund managers, said three people familiar with the plans, as the firm tackles an investing area where institutions such as Goldman Sachs have had mixed results.
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.
Britain has been put on alert to expect its first interest rate rise since the global financial crash at around the turn of the year as the governor of the Bank of England, Mark Carney, warned that the long period of 0.5% borrowing costs was coming to an end.