Goldman Sachs Earnings Tumble but Top Estimates

Goldman Sachs reported sharp declines in third-quarter earnings and revenue, hurt by slower trading activity over the summer. But its profits still easily exceeded analysts' average forecast. Investment banking was particularly strong in the period.

'Fat Cat' Bonuses at Morgan Stanley Despite Dismal Year

To understand why the American public is so enraged at Wall Street's bonus structure, one needn't look further than New York-based Morgan Stanley. Despite a dismal year in 2009, the company paid our record bonuses and salaries.