A former Credit Suisse trader facing trial on charges of fraudulently selling $1 billion worth of mortgage-backed auction-rate securities, has been arrested after two months on the run, according to a court document made public on Wednesday.
The Senate health committee approved its version of healthcare reform on Wednesday. The following are some of the provisions in the legislation:
U.S. regulators on Wednesday filed civil charges for insider trading against 11 people, including a 26-year-old former Goldman Sachs Group Inc investment banking analyst accused of leaking confidential merger information to his brother.
Citigroup has become the latest bank to rebuild its European oil and gas investment banking team, rehiring James Sleeman and naming another senior banker as a global co-head covering the sector.
Ellington Financial LLC, a specialty finance company, is planning to raise up to $200 million in an initial public offering, according to a prospectus filed on Tuesday.
British bank Barclays Plc is considering the sale of its private equity business and will meet investment partners this week to discuss the issue, several people familiar with the matter said.
China Pacific Insurance (Group) Co Ltd, the country's third-largest life insurer and partly owned by the Carlyle Group, is set to relaunch its Hong Kong IPO, according to sources, after its first attempt failed last year when markets plunged.
Two of the biggest U.S. credit card companies, Capital One Financial Corp and Discover Financial Services , reported lower-than-expected defaults and delinquencies in June, sending their shares sharply higher.
Hedge fund swindler Samuel Israel was ordered to serve two more years behind bars on Wednesday for a wild escapade in which he faked his own death in an attempt to avoid a 20-year prison sentence.
The biggest U.S. pension fund has sued the top three ratings agencies in a complaint linked to big losses linked to complex investments.
A U.S. judge refused on Tuesday to dismiss an insider-trading charge against former Bear Stearns hedge fund manager Ralph Cioffi, court documents showed.
U.S. stocks headed for a sharply higher open on Wednesday as Intel Corp's solid quarterly results and outlook reinforced hopes for an economic recovery and a rebound in technology spending.
Stock index futures pointed to a higher opening for Wall Street on Wednesday, as investor confidence was boosted by results and an upbeat outlook statement from chipmaker Intel .
Global stocks rose to their highest level in nearly two weeks on Wednesday as blockbuster results from major firms such as tech bellwether Intel Corp underpinned appetite for riskier assets.
Calpers, the biggest U.S. public pension fund, has filed a suit in a California state court in connection with $1 billion in losses that it says were caused by inaccurate credit ratings from the three leading ratings agencies, The New York Times reported.
Asian share markets gained for a second session on Wednesday as blockbuster results from tech bellwether Intel Corp seemed to augur well for the U.S. earnings season and for consumer demand globally.
Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) on Tuesday portrayed its energy trading as hedging that should be exempt from proposed U.S. government limits on the volume of contracts that speculators can trade.
Goldman Sachs Group Inc. posted record second quarter earnings as revenue from trading and stock underwriting delivered all time high results. Revenue at the New York-based bank jumped 46 percent to $13.8 billion compared to the same period last year. Net earnings grew 65 percent to $3.43 billion compared to a year ago.
U.S. stocks managed modest gains on Tuesday as better-than-expected corporate profits overshadowed concerns about weak consumer demand.
Goldman Sachs Group Inc said quarterly earnings surged 33 percent on blowout trading results, trouncing forecasts and putting the bank on pace for hefty bonuses that could draw unwanted scrutiny.
U.S. stocks managed modest gains on Tuesday as better-than-expected corporate profits overshadowed concerns about weak consumer demand.
Stocks were stuck in a narrow range on Tuesday as positive corporate results were tempered by concern that consumer demand remains weak.
