President Barack Obama told top U.S. bankers on Monday they owed the country their help in lifting the economy out of crisis and implored them to lend more money and get behind financial reforms.
President Barack Obama planned to get tough with executives from top U.S. banks on Monday and tell them that they must help lift the country out of the economic crisis they helped to create.
President Barack Obama may have some tough words for executives of Goldman Sachs, Citigroup and other financial firms when he meets with them on Monday.
Goldman Sachs Group Inc plans to pay top managers their 2009 bonuses in stock, rather than cash, as it seeks to deflect outrage over a near-record pay haul months after it repaid billions of dollars in taxpayer aid.
Goldman Sachs Group, Inc on Thursday announced that top level managers will receive no cash bonuses this year but instead would be given compensation in the form of stock which can't be sold for five years.
Goldman Sachs Group Inc plans to pay top managers their 2009 bonuses in stock, rather than cash, as it seeks to deflect outrage over a near-record pay haul months after it repaid billions of dollars in taxpayer aid.
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Goldman Sachs Chief Lloyd Blankfein is weighing plans to increase the share of compensation paid out in equity to executives in a bid to quell public anger over the probability of large pay-outs, the Financial Times said.
Goldman Sachs Group Inc is meeting with major investors in an effort to head off a possible investor backlash over its record bonuses, the Wall Street Journal reported on Wednesday.
A New York Times editorial slammed Goldman Sachs for its role in the financial crisis and said that instead of paying big bonuses to its employees it should make a multibillion-dollar gift to help reduce the U.S. national debt.
Goldman Sachs Group Inc, facing criticism over its outsized profits and bonuses, will contribute $500 million to programs that help small businesses, the company said on Tuesday.
The chief executive of Goldman Sachs, which has attracted widespread media attention over the size of its staff bonuses, believes banks serve a social purpose and are doing God's work.
Wall Street firms are in a quandary about getting involved with a planned public offering of Russian aluminum producer UC RUSAL because its founder has been barred from getting a U.S. visa on account of allegations that he is connected to organized crime, the Wall Street Journal reported on Saturday.
Bank of America Corp CEO Kenneth Lewis announced he was retiring, after months of being dogged by a series of government investigations into the company's acquisition of Merrill Lynch last year that had become a major distraction for the biggest U.S. bank.
The head of U.S. bank Goldman Sachs said on Wednesday that anger over bankers' pay was understandable and appropriate, and that greater scrutiny of trade in complex instruments was needed to keep banks in check.
Goldman Sachs Chief Executive LLoyd Blankfein urged policymakers keen to rebuild confidence in financial markets to refrain from creating a system designed solely around protecting us from the 100-year storm.
Top executives from some of the world's leading banks will gather for a conference in Frankfurt this week as lenders seek to rebuild trust in the global financial system almost a year after Lehman Brothers collapsed.
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.
The U.S. government has queried Goldman Sachs Group Inc about its compensation practices and credit derivative instruments, the firm said on Wednesday.
The U.S. government has queried Goldman Sachs Group Inc about its compensation practices and credit derivative instruments, the firm said on Wednesday.
Goldman Sachs Group Inc Chief Executive Lloyd Blankfein told employees to avoid making high profile purchases, the New York Post said, citing sources.
