Goldman's stock fell 4.69% in New York trading Wednesday, after the firm posted its Q4 earnings. Profits dropped 52% to $2.39bn from the same period a year earlier.
Preet Bharara, the United States Attorney for the Southern District of New York, announced that Danielle Chiesi pled guilty to three counts of conspiracy to commit securities fraud arising from an insider trading scheme.
by Jesse Eisinger, ProPublica
We asked you how you felt about being forced to give part of your bonus to charity (as Credit Suisse is doing to certain MD staff in the US).
NEW YORK, January 19, 2011 - The Goldman Sachs Group, Inc. (NYSE: GS) today reported net revenues of $39.16 billion and net earnings of $8.35 billion for the year ended December 31, 2010.
New York - Citigroup Chief Executive Officer Vikram Pandit today announced changes to Citi's management structure. John Havens, currently CEO of Citi's Institutional Clients Group (ICG), will become President and Chief Operating Officer of Citigroup. In this role, Mr. Havens will be responsible for Citi's day-to-day operations and report to Mr. Pandit.
Citigroup's shares closed 6.43% down in New York trading Tuesday, after the firm posted Q4 earnings that fell short of analyst expectations. The company stock closed at $4.80.
Fox Business Network reports that US regulator The Securities and Exchange Commission is 'keeping a close eye on Bank of America's WikiLeaks dilemma'.
Forget all the nonsense about UBS and dress codes for the moment, and let's focus on the business. And right now, UBS is in a better place (at least a better place than it has been for some time)'.
Just when we thought the mockery was over, and we'd get no more mileage out of UBS and that 'Dress Code', Associated Press has come out with yet more guidance / protocol that the bank has apparently given to staff who are working or travelling in foreign countries.
HSBC has published a full-page advert containing an apology in several newspapers, over claims that its Swiss private bank helped clients evade tax.
China Minsheng Investment (CMI), the country's largest private investment fund, said on Saturday it would invest 1 billion pounds ($1.5 billion) in a Chinese-led project to develop a new financial district in London.