goldman sachs

Fed Asks JPMorgan and Goldman for New Capital Plans

JPMorgan Chase and Goldman Sachs were told by the Federal Reserve to submit new capital plans by the end of September. The Fed will then decide if they are in compliance with the rules on capital reserves.

Is Goldman Sachs Riskier Than It Wants to Admit?

The Federal Reserve will release the final results of its bank stress tests after Thursday's market close. But preliminary results suggest Goldman could lose $25 billion from bad trades in another financial crisis, more than any other bank tested by the Fed.

Goldman Sachs Plans Another Round of Job Cuts

Goldman Sachs will begin a fresh round of job cuts as early as this week, sources said Monday. The bank usually culls the weakest 5 percent of its employees around this time of year, but the cuts will likely be deeper in some businesses, particularly equities-trading.

Without Taxpayer Aid, Too Big to Fail Banks Would Only Break Even

Today brings what seems like a minor milestone in the big banks' fall from grace: a Bloomberg editorial announcing that Wall Street's largest firms would not be profitable without taxpayer backstops, and calling for an end to the perverse incentives that this arrangement produces.

Midday Market Minute: Will the Bank Stock Rally Last?

Investors will hear from leaders in the banking industry this week, when Bank of America, Citigroup, JPMorgan, Goldman Sachs and Morgan Stanley report quarterly results. Bank stocks outperformed the broader market last year, but that trend may not last in 2013.

5 Things to Watch on Wall Street This Week

From eBay stepping up with its latest financials to Facebook showing off its latest clever ideas, there will be plenty of news breaking in the coming days. Here's a rundown of what's likely to shape the week ahead on Wall Street.

Top 10 Business Stories of 2012

This would be the year when the global economy finally regained its vigor. At least that's what many had hoped. It didn't happen. So what were the top ten business stories of 2012?

The Yankees Score Big with a $1.5 Billion TV Deal

The New York Yankees are a money-making machine and on Tuesday, the company's television subsidiary cashed in. The YES Network is selling 49 percent of its business in a deal that values the network at $3 billion. And the numbers get even bigger from there.

Ex-Goldman Exec Given 2 Years for Inside Trades

A former Goldman Sachs and Procter & Gamble board member once widely respected for his business smarts has been sentenced to 2 years in prison for insider trading. He also was fined $5 million.

Goldman Sachs's Great Muppet Caper Comes to an End, For Now

After Greg Smith quit Goldman Sachs in the most public fashion possible -- slamming his employer in the pages of The New York Times -- the firm launched an investigation into his most explosive charge: that employees referred to clients as "muppets" in internal emails.

Wall Street Watch Wednesday: Microsoft Sweetens the Pot for Investors

Microsoft wants to reward its patient shareholders: The world's largest software company announced Tuesday after the market close that it would be increasing its quarterly dividend by 15%. But as impressive as the dividends are, the market would gladly trade them for one thing.

US Court Revives Mortgage Debt Class-Action vs. Goldman

Thursday's decision by the 2nd U.S. Circuit Court of Appeals in New York could subject banks to a wider array of claims by mortgage securities investors, by letting them sue over securities in which they did not specifically invest themselves.

Sick of Stocks? Bored with Bonds? Invest in Bob Dylan

Hey Bob Dylan fans: Are you tired of investments that leave you "Tangled Up in Blue"? Well, get ready to stop singing those "Subterranean Homesick Blues": Soon you'll be able to invest in the tambourine man himself.

Ex-Business Titan Rajat Gupta Guilty of Insider Trading

Rajat Gupta, a consummate business insider who once sat on the board of Goldman Sachs Group, was convicted on Friday of leaking secrets about the investment bank at the height of the financial crisis. He faces up to 25 years in prison.

What's Goldman After With Its Big Green Energy Plan? More Green

Just how much do people hate Goldman Sachs? Here's a hint: The investment banker announced Thursday that it intends to invest $40 billion in developing clean, renewable energy projects. Critics immediately accused Goldman of cynical media manipulation.

Holy High Rollers: Blankfein's Latest Run in With Nuns

At Goldman Sachs annual shareholders' meeting on Thursday, CEO Lloyd Blankfein mixed it up a bit with a shareholder representative of the Almighty. And it wasn't the first time he's had a little trouble from the brides of Christ.