Taking his private equity firm public paid off big for Blackstone Group LP's Stephen Schwarzman, who became the top-paid chief executive in the United States last year, a title he is likely to retain for some time, according to an analysis released on Thursday.
Hedge fund manager John Paulson, who made a fortune betting against financial companies after foreseeing the credit crisis, stocked up on shares of Bank of America Corp during the second quarter.
Hedge fund manager John Paulson, who earned a fortune by betting against financial companies after foreseeing the credit crisis, stocked up on shares of Bank of America Corp and other lenders during the second quarter, according to a regulatory filing.
Emdeon Inc shares started trading for $17.75 in their debut on Wednesday following their initial public offering, and rose to as much as $18.24.
U.S. banks, which have cut thousands of jobs during the two-year-old financial crisis, are suddenly racing to fill empty seats to make the most of soaring stock markets and narrowing credit spreads.
Goldman Sachs Group Inc will have to give up its personnel information on a former employee accused of stealing trade secrets, after a U.S. judge on Monday denied the firm's motion to quash a request by the computer programmer's lawyer.
Former U.S. Treasury Secretary Henry Paulson talked often to the head of Goldman Sachs at the height of the credit crisis but did not actively seek to help the bank he once ran, a spokeswoman for Paulson said on Saturday.
Former U.S. Treasury Secretary Henry Paulson had frequent conversations with Goldman Sachs Group Inc's chief executive during last fall's financial crisis, raising questions about his ties to his former firm, according to a New York Times report.
Warren Buffett's Berkshire Hathaway Inc posted its best quarter in nearly two years, as recovering stock markets boosted the value of its equity investments and derivatives bets.
Royal Bank of Scotland has suffered a damaging but not yet destructive exodus of top staff and some areas of investment banking had lost significant numbers, the British bank's chief executive said.
American International Group Inc , the insurer that received $180 billion of federal bailouts, posted its first profit in seven quarters on Friday, helped by investment gains, sending its shares up 20 percent in premarket trade.
A U.S. federal judge has refused to approve a settlement between regulators and Bank of America Corp related to the acquisition of Merrill Lynch & Co, stating that it could be unfair to the public.
U.S. stocks have entered a new bull market, and the S&P 500 index could rise as much as 10 percent from current levels by the end of this year, Goldman Sachs strategist Abby Joseph Cohen said on CNBC on Thursday.
U.S. stocks have entered a new bull market, and the S&P 500 index could rise as much as 10 percent from current levels by the end of this year, Abby Joseph Cohen, the head of Goldman Sachs' investment policy committee, said on CNBC on Thursday.
U.S. stocks have entered a new bull market, and the S&P 500 index could rise as much as 10 percent from current levels by the end of this year, Abby Joseph Cohen, the head of Goldman Sachs' investment policy committee, said on CNBC on Thursday.
Morgan Stanley has agreed to pay the U.S. Treasury $950 million to redeem warrants to buy its stock, becoming the latest big bank to free itself from the government bailout program.
British insurer Aviva Plc is likely to raise over 1 billion euros ($1.4 billion) in the planned flotation of its Dutch unit Delta Lloyd around October or November, people familiar with the matter said on Thursday.
Wall Street banks and lawyers could collect nearly $1 billion in fees from the Federal Reserve Bank of New York and American International Group Inc to help manage and break apart the insurer, The Wall Street Journal said on Wednesday, citing its own analysis.
The U.S. government has queried Goldman Sachs Group Inc about its compensation practices and credit derivative instruments, the firm said on Wednesday.
Global hotelier Hyatt Hotels Corp is seeking to raise up to $1.15 billion in an initial public offering, according to a regulatory filing on Wednesday.
Economy worries, Loan demand up, Ratings rejection
The U.S. government has queried Goldman Sachs Group Inc about its compensation practices and credit derivative instruments, the firm said on Wednesday.