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Goldman Dragon Deal - The $580m Verdict's In


Goldman Sachs has defeated a $580m negligence suit over its role as adviser to speech- recognition pioneer Dragon Systems Inc. in a doomed merger, one of its biggest victories in a string of claims by dissatisfied clients since the financial crisis.

Citi CEO: Still Dealing With Legacy Issues

Citi Logo

Citigroup needs to continue to clean up its non-core "legacy assets" and focus on operating efficiency, its new CEO Michael Corbat told CNBC at the World Economic Forum in Davos.

Large Banks Seen Dodging EU Financial Tax Bullet

A financial trading tax (FTT) planned by a group of euro zone nations could leave major banks, its main target, relatively unscathed while less nimble smaller trading houses, pension funds and asset managers bear the brunt.

Jamie Dimon - 'I'm Sorry'

Jamie Dimons Horns

JPMorgan Chase CEO Jamie Dimon apologized to shareholders for the $6bn loss caused by the so-called 'whale' trade, calling it a 'terrible mistake', but said the bank has moved on and is still highly profitable.



Elevator panel

The interesting revelations in new GSElevator book

The most scandalous episodes in the new book by @GSElevator aren't the many salacious stories of deviance, debauchery, and excess but rather alleged bond market practices that include horse-trading of favours between bankers and investors — and a secret handshake agreement struck in a Hong Kong hotel.