In three and half years, banks have paid around $66 billion in litigation costs, and that number looks to grow.
Why worry about bad debt? China's central government will bail out large financial institutions when they are in trouble.
The subpoena sought documents and correspondence related to the London Metal Exchange dating from January 2010.
Fabrice Tourre, the former Goldman Sachs trader, was found guilty of six out of seven counts of securities fraud.
The civil fraud trial centers around the role of Paulson & Co. in shaping a mortgage bond transaction, which the hedge fund bet against.
Goldman Sachs is one of the groups casting aspersions on the durability of gold's recent price gains.
Aluminum inventory storage and transportation may net the firm that much, one critic argues.
Since Goldman Sachs bought a small aluminum storage and delivery firm in 2010, the price of the metal has almost doubled.
Bond funds and emerging market funds, however, have been hit hard by the new optimism on the stock front.
The SEC also banned the former director, Rajat Gupta, from serving as a director or officer of any public or private company.
Investors will scrutinize Fed Chairman Ben Bernanke's semi-annual Congressional testimony for tapering timetable clues.
A report from Goldman Sachs suggests Tesla stock is not reflecting actual sales. Sell-off slices $17 off the price.
Bank of America Corp. (NYSE: BAC) is expected to report second-quarter EPS of 25 cents on revenue of $22.82 billion Wednesday.
The U.S. economy may be sluggish but Goldman Sachs registered another impressive quarter, on trading, loans, and commodities.
Investors are still trying to gauge whether the U.S. economic recovery is losing momentum or merely entering a short summer lull.
Fabrice Tourre, also known as "Fabulous Fab," is heading to court on Monday after being accused of knowingly selling bad investments.
Jason A. Weisberg of Seaport Securities discusses China's second-quarter GDP, U.S. retail sales data and earnings from Citigroup Inc. (NYSE: C), Goldman Sachs Group Inc. (NYSE: GS) and Bank of America Corp. (NYSE: BAC).
Get ready for another quarter of weak earnings growth and low expectations.
The investment banking giant expects a long-term upward trend for Treasury bond yields and a range of 2.75 percent to 3 percent by the end of 2013.
Japonica is now willing to buy 4 billion euros of Greek government bonds, up from its offer a month ago of 2.9 billion euros.
Rajaratnam was convicted in 2011 for massive securities fraud in the biggest-ever U.S. hedge fund insider trading scheme.
Goldman Sachs announced it has closed its long position on copper prices due to the metal hitting a six-week low.