A federal judge on Tuesday said Goldman Sachs Group Inc. shareholders may again pursue class-action claims that the bank concealed conflicts of interest when creating risky subprime securities before the 2008 financial crisis.
Citigroup Inc. restructured its consumer bank on Monday, elevating one executive and triggering the departure of another, as the third-biggest U.S. bank moved to improve results.
Warren Buffett’s Berkshire Hathaway Inc. boosted its investments in Goldman Sachs Group Inc. and Israel’s Teva Pharmaceutical Industries Ltd. during the second quarter and confirmed it has expanded its already huge bet on iPhone maker Apple Inc.
Tesla Inc. CEO Elon Musk tweeted on Monday that he was working with buyout firm Silver Lake and investment bank Goldman Sachs Group Inc. as financial advisers on his plan to take the U.S. electric car maker private.
Goldman Sachs Group Inc. was sued last Thursday by a former managing director who said the Wall Street bank retaliated against him and fired him after he complained about its dealings with an unidentified “notorious European businessman.”
U.S. stock index futures rose on Tuesday as strong corporate earnings lifted sentiment and higher oil prices helped energy shares.
JPMorgan Chase & Co. said last week it is among banks and securities dealers being investigated by the U.S. Securities and Exchange Commission for their handling of so-called “pre-released” American Depositary Receipts between 2011 and 2015.
Wells Fargo has agreed to pay $2.09 billion in penalty to settle claims related to mortgage loans originated in the run-up to the financial crisis.
U.S. consumer spending increased solidly in June as households spent more on restaurants and accommodation, building a strong base for the economy heading into the third quarter, while inflation rose moderately.
U.S. stock index futures edged higher today, with technology stocks looking to bounce back after a widespread sell-off in the earlier session on rising concerns about the future growth of high-flying companies.
The amount investors must pay to insure their debt holdings in Tesla Inc. against declining credit quality rose last week to its second-highest price ever, implying the company is at a greater risk of default following a report that sparked concern that Tesla may need to raise funds.
Walmart Inc. said on Thursday it has tied up with Capital One Financial Corp. for its store-branded credit card, ending its two-decade long partnership with Synchrony Financial.
Shares of Tesla Inc. fell more than 4 percent in trading before the bell on Monday, after a report that the electric car maker has turned to some suppliers for a refund of previously made payments in a bid to turn a profit.
Shares of Microsoft Corp were set to open at a record high on Friday, after the company reported another blockbuster quarter, backed by growth in its legacy software business and Azure cloud computing services.
Morgan Stanley reported a better-than-expected quarterly profit on Wednesday, driven by higher revenues in equities and fixed income trading as well as investment banking.
Goldman Sachs Group Inc. reported a better-than-expected quarterly profit on Tuesday and named bank insider David Solomon to replace long-time CEO Lloyd Blankfein.
U.S. stock index futures were flat on Friday after a mixed bag of results from the three big Wall Street banks kicked off what is expected to be a strong corporate earnings season.
Wells Fargo & Co. posted a quarterly profit that fell short of analyst estimates on Friday as expenses increased due to former missteps and lending activity dropped, sending its shares down 4 percent in early trade.
U.S. stocks opened higher on Thursday, recovering from a selloff a day earlier as higher oil prices and merger activity helped offset fears of a Sino-U.S. trade war.
Investment bank Goldman Sachs, the world’s biggest cablemaker Prysmian, Nexans and eight other cable companies on Thursday lost their challenge against a 302 million euros ($353 million) EU cartel fine.
