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Investment Banks

Goldman CEO: Wall Street Could Bounce Back

Posted 11.15.2011 | Business

Goldman Sachs Group Inc (GS.N) Chief Executive Officer Lloyd Blankfein said it is too early to say that Wall Street business is down because the i...

Colin Powell Plays the Risk Card

Howard Steven Friedman | Posted 01.15.2012 | Politics
Howard Steven Friedman

The former Secretary of State is either completely ignorant of of the basic facts associated with the financial industry or he is a paragon of someone who has succeeded in a massively slanted socioeconomic system an has no interest in seeing it even slightly leveled.

Occupy Wall Streeters: Be Careful What You Ask For

Jonathan_Miller | Posted 01.23.2014 | Politics

"Invest in Kentucky" can prove to be an influential force if it chooses to get the discussion started. But it first needs to turn its sights to the right target, and petition the General Assembly to effectuate the change it so desires.

Wells Fargo To Pay Millions For Rigging Bidding Wars

AP | By DAVID PITT | Posted 01.08.2012 | Business

DES MOINES, Iowa -- Wells Fargo & Co. said Tuesday it has agreed to pay at least $37 million in a lawsuit which alleges several banks rigged bidding c...

Wall Street: The Kid Who Kills His Parents and Asks for Mercy Because He's an Orphan

Curtis Ellis | Posted 12.19.2011 | Politics
Curtis Ellis

Leaf through the yellowing archives of business journals and you'll find endlessly repeated the story of a ruthless yet heroic CEO who scoured the realm for "inefficiency" and magically made share prices rise by lopping off the heads of so many superfluous employees.

Morgan Stanley Nets Billions In Profit, After Loss Last Year

Posted 12.19.2011 | Business

Morgan Stanley swung to a $2.15 billion profit in the third quarter, helped by a large accounting gain, even as core revenue in trading, banking a...

Goldman Sachs Loses $428 Million In Its Second Quarterly Loss Ever

The Huffington Post | Bonnie Kavoussi | Posted 12.18.2011 | Business

Goldman Sachs posted its second quarterly loss as a public company on Tuesday, according to Bloomberg News, in the latest indication that Wall Street ...

BofA Cuts Investment Bankers In Industrials Group

Posted 11.21.2011 | Business

Bank of America Corp (BAC.N) dismissed 13 investment bankers in its industrials group and may cut more, Bloomberg reported on Tuesday, citing two ...

7 Warning Signs of an Impending Layoff

InvestingAnswers | Posted 11.15.2011 | Business

To help protect yourself and your financial well-being, here are seven signs that a pink slip could be in your future.

Goldman To Suffer More Than Other Banks, Analysts Say

Reuters | Lauren Tara LaCapra | Posted 11.12.2011 | Business

Analysts have been slashing earnings estimates for big Wall Street banks recently, particularly for Goldman Sachs, as unpredictable trading markets an...

Alexander Eichler

Junior Investment Bankers Unhappy With Paychecks, Direction Of Their Industry: Survey | Alexander Eichler | Posted 10.25.2011 | Business

As their industry shifts focus and work becomes ever more demanding, junior investment bankers are saying they're less satisfied with their jobs, acco...

Goldman Plans 1,000 Layoffs

Posted 09.18.2011 | Business

NEW YORK (Lauren Tara LaCapra and Knut Engelmann) - Goldman Sachs' anemic second-quarter results on Tuesday rattled investors and cast a pall on i...

Reforming Sovereign Ratings: An Urgent and Complex Undertaking

Georges Ugeux | Posted 09.14.2011 | Business
Georges Ugeux

Rating agencies are in an inextricable situation when it comes to sovereign ratings. On the heels of their near-collapse of structured products, they must confront the issue of the credibility of sovereign ratings in a holistic way.

JPMorgan To Settle With SEC For $153.6M Over Misleading Investors

Posted 08.21.2011 | Business

WASHINGTON/NEW YORK (Sarah N. Lynch and Jonathan Stempel) - JPMorgan Chase & Co said it agreed to pay $153.6 million to settle U.S. Securities and...

British Government Will Separate Banks Into High-Risk, Low-Risk Sections

AP | ROBERT BARR | Posted 08.15.2011 | Business

LONDON — The British government intends to force banks to separate their retail operations from their more volatile investment banking, and it i...

Michael Sky is Dying

Norm Stamper | Posted 07.20.2011 | Books
Norm Stamper

Unless you live on a small, green island off Washington State, or haven't read his books or participated in his workshops, you've probably not heard of Michael Sky. He is a dear friend, and he is dying.

Revenues Down At Biggest Investment Banks, Report Finds

Posted 07.17.2011 | Business

Revenues at the world's biggest investment banks fell 5 percent to $52 billion in the first quarter of 2011, hit by Middle Eastern unrest, natural...

Grumps, Dreamers, Bean Counters, Cool Cats and Shills: The Taxonomy of High Profile Economists

Howard Steven Friedman | Posted 07.13.2011 | Business
Howard Steven Friedman

The dismal science has bred a fascinating collection of prominent species. While many economists toil away in obscurity, a small set of economists rise to fame, fortune or even both.

William Alden

Rating Agencies Repeatedly Caved To Banks' Demands And Helped Cause Crisis, Report Finds | William Alden | Posted 06.14.2011 | Business

NEW YORK -- The major credit rating agencies repeatedly sold out to Wall Street banks, so addicted to short-term profits that they sacrificed the accu...

Banks Still Adding Jobs In London, Despite Taxes

Bloomberg | Simon Clark, Ambereen Choudhury and Gavin Finch | Posted 05.25.2011 | Business

Investment banks in Europe's financial capital are adding jobs, helping to bolster headcounts at law and accounting firms across London, as the rest o...

More Nightmares Lurk on Street of Dreams

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

Taking a longer term outlook, Leibovit thinks "we're in for five or six years of hell," with the Dow tumbling to about 2,000. So where should investors put their money? Consider cash and gold.

How the Financial Industry is Driving Up Gas and Heating Oil Prices

Josh Garrett | Posted 05.25.2011 | Business
Josh Garrett

If you think chaos in Libya is the only force driving up gasoline prices these days, think again. Over the past few decades, institutional investors like hedge funds and investment banks have flooded oil markets with hundreds of billions of dollars.

Investing Charlie Sheen Style

Dan Solin | Posted 05.25.2011 | Business
Dan Solin

Don't be too quick to criticize Mr. Sheen's appalling judgment. Most of you are not doing any better when you pick an investment adviser

The Big Banks' Battle Against Consumers and Homeowners

Mike Lux | Posted 05.25.2011 | Business
Mike Lux

Trying to build a new agency whose actual mission is to act on behalf of consumers in times like these is a treacherous undertaking, and Elizabeth Warren is battling on two major fronts of her own.

Complexity Theory and the Failure of Financial Reform: Part Two

Peter Schwartz | Posted 05.25.2011 | Politics
Peter Schwartz

In Part One of this essay, we mapped the tactile, political surface of financial reform - focusing on the ideas and behaviors of individual political ...