The Securities and Exchange Commission, which began probing Facebook's May 17 IPO after its stock price plummeted, hasn’t found evidence that the company withheld material information from investors, a person familiar with the matter said.
Edith Cooper, EVP and Global Head of Human Capital Management at Goldman Sachs, appeared on Bloomberg TV Friday to discuss Greg Smith, the firm's morale and its culture.
Thames Water has appointed UBS as lead advisor to raise the $6.57bn in debt and equity finance required to construct the Thames Tideway Tunnel, the so-called 'Super Sewer'.
Here's the transcript of Greg Smith's interview interview on 60 Minutes Sunday night.
Antony Jenkins, the chief executive of Barclays, has admitted that the British bank needs to discover a “defining purpose” and put ethical behaviour at the heart of what it does.
The following is the memo circulated on October 19, 2012 to all Goldman Sachs employees worldwide:
Credit Suisse has put its $17.2bn European exchange-traded fund business up for sale, according to sources familiar with the matter.
Citigroup agreed to move a stable of internal hedge funds to an entity controlled by bank managers in a deal reached before the firm’s top two executives, Vikram Pandit and John Havens, left this week.
US ‘flash crash’ reforms will fail to avert another market meltdown unless they are coupled with new “liquidity-based circuit breakers”, researchers claim.
Britain is this week expected to emerge from recession, with the Olympics providing a much needed boost to the economy in the third quarter. Analysts expect a 0.6% rise in GDP, lifting the economy out of the longest double-dip recession since the second world war. GDP declined over the previous three quarters.
JPMorgan’s $500m settlement with pension funds over Bear Stearns’s sale of mortgage-backed securities was approved by a federal judge.
The chief executive of the world’s largest oil company will on Wednesday face two of the firm’s most persistent environmental activist shareholders – a nun from New Jersey and a friar from Milwaukee.
Tesco has slumped out of the world’s brand premier league and been overtaken by the German discounter Aldi in the latest sign of the damage caused by a £263m accounting scandal and errors on pricing, quality and customer service.