Judge gives former Goldman trader nine months for hiding loss
Former Goldman Sachs Group Inc trader Matthew Taylor was given a prison term of nine months for concealing an unauthorized USD 8.3 billion trading position in 2007.
Investment banks
JPMorgan Chase to Pay a Civil Penalty of $100 Million Over Trade Reporting Gaps
JPMorgan Chase is expected to reach a resolution with a third US regulator that will require the bank to pay a civil penalty of $100 million.
Goldman Sachs, Barclays Reportedly Compete to Acquire General Motors' Credit Card Business
Goldman Sachs and Barclays are reportedly vying to acquire General Motors' credit card business...
Goldman Sachs Appoints Head of Strategy and Investor Relations Carey Halio as Global Treasurer
Goldman Sachs has appointed Carey Halio, the head of strategy and investor relations, as its new global treasurer...
China to Remain the World's Top Engine for Global Economic Growth, ADB Says
Even if China's economy slows down, the Asian Development Bank (ADB) said it will still be the largest growth engine for the world economy...
JPMorgan Chase Names CEO Jamie Dimon's Potential Successors
The board of JPMorgan Chase has named the potential successors to CEO ...
Swiss Banking Giant UBS Launches New Share Buyback Program of up to $2 Billion
Swiss banking giant UBS revealed a new share buyback program of up to ...
Latest News
Comcast taps JPMorgan on potential Time Warner Cable bid -sources
Top U.S. cable provider Comcast Corp has tapped JPMorgan Chase & Co for advice as it evaluates a potential bid for Time Warner Cable Inc, people familiar with the matter said.Comcast brought in the ba
JSE halts trade for five minutes to honor Mandela, banks to close on day of his funeral
The respect for the late politician and ex-president of South Africa Nelson Mandela was evident in the business sector, as trading and banks postponed their businesses to acknowledge Mandela's passing
Lloyds Banking Group agrees on sale of Irish mortgages to Apollo Global Management
Lloyds Banking Group is to divest its Irish home loans to an affiliated company of private equity firm Apollo Global Management in a deal worth GBP 257 million.
China WindPower secures USD81 million funding from China Development Bank
China Development Bank Corp. has committed CNY490 million (USD81 million) to clean-energy operator China WindPower Group's solar farm projects in two Chinese provinces. CDB has provided a total of CNY
Sources say The Rubicon Project Inc hires Morgan Stanley, Goldman Sachs Group Inc for IPO
Morgan Stanley and Goldman Sachs Group Inc were hired by The Rubicon Project Inc to lead its IPO next year.
BNP Paribas says it will purchase Polish unit of Rabobank Groep in EUR 1 billion deal
BNP Paribas, the largest bank in France, said it will be buying Bank Gospodarki Zywnosciowej, the Polish arm of Dutch bank Rabobank Groep, for EUR 1 billion.
Ulrich Koerner is new UBS head of global asset management
Swiss bank UBS Ag said Ulrich Koerner will be replacing John Fraser as Head of Global Asset Management. Fraser is set to retire by the end of month.
Punishment looms for Goldman Sachs Group Inc's S.Korea unit
The Financial Supervisory Service of South Korea told Bloomberg it plans to punish the local unit of Wall Street firm Goldman Sachs Group Inc for breaking rules on the sale of financial products.
Morgan Stanley, UBS hired to run Applus+ IPO -source
The private equity owner of Applus+ has picked Morgan Stanley and UBS to oversee a stock market listing of the Spanish industrial testing firm, a person familiar with the matter said.
