investment banking

Last week's broadside from an ex-employee didn't help Goldman's image, but all the to-do ignored the public's real issue with the firm.

Morgan Stanley said Thursday that its earnings increased 60 percent during the last three months of 2010 on strong investment banking results. Morgan Stanley's net income available to shareholders was $600 million, or 41 cents a share, on revenue of $7.8 billion in the fourth quarter. That was...

Goldman Sachs Group (GS) published details on how it earns its revenue as it works to deflect criticism that it puts its own profits ahead of client interests. The 63-page report, released today, breaks down its revenue to show how much comes from its own trading and investing, The Wall Street...

After the long downturn, the coming year will be an opportunity for many industries to rejuvenate themselves. Independent researcher IBISWorld sorted through data on 711 U.S.-based industries to come up with these predictions of the 10 best.

Goldman Sachs Group (GS) is considering a sale of Litton Loan, its mortgage-service unit. Goldman has decided that the unit does not fit into its business model of providing investment banking and trading services to corporations and investors, The Financial Times reported without naming its...

Regulators are in talks with several major banks to settle a number of investigations of their sales of mortgage-bonds, The Wall Street Journal reported. The probe focused on the sale of pools of mortgages and other loans as collateralized debt obligations, or CDOs, to investors, The Wall Street...

Goldman Sachs Group (GS) promoted a record number of employees to the position of managing director, giving them more money and prestige as the bank rebounds from the financial crisis. The bank raised 321 people to the status of MD, up from 272 last year, Bloomberg News reported. Earlier this...

Investment banks are working around new regulations restricting them from putting their own capital into short-term investments: The Wall Street institutions are sidestepping the Volcker Rule by making direct purchases of securities, companies and properties, which are considered longer-term investments.

JPMorgan Chase kicks off earnings season for the financial sector Thursday, and investors will be keen to see whether a pick-up in mergers and acquisitions has offset an industry-wide drop-off in trading activity.

Bank of America (BAC) is reportedly laying off as many as 400 people as revenue from trading and advising clients falls. Bank of America, the country's largest bank by assets, is laying off people ranging from junior analysts to managing directors, Bloomberg News said without naming its sources....