Goldman Profit at 5-Year High as Every Business Tops Estimates
The investment bank turns things around after last quarter's decline in net income.
JPMorgan Profit Rises 12% on Gains From Stock, Bond Trading
The bank boosts earnings on asset management 11% to $502 million, as total assets for the unit hit $1.8 trillion.
Algorithms Will Make JPMorgan Less Bad
JPMorgan is using algorithms "to identify rogue employees" to minimize costs and maximize ROE (and bonuses). That happens to coincide with regulatory goals.
Morgan Stanley Boosted Gorman’s Pay 25% for 2014
James Gorman received $22.5 million for his performance last year, but a few other CEOs earned even more.
Distressed Diva Tilton Girds for SEC Battle Over Complex Loans
The philanthropist and distressed-company investor is suing the SEC to move her case out of administrative court.
Morgan Stanley Agrees to $2.6 Billion Mortgage Settlement With US
Other firms have agreed to spend more than $35 billion over issues tied to the ’08 financial crisis.
S&P 500 Erases 2015 Loss, Bonds Rally on ECB Stimulus; Oil Drops
The S&P capped its fourth straight gain amid the ECB's stimulus news and strong bank and transportation earnings.
Hedge Funds Cut Oil Bets After Worst Drop Since 2008
“People are willing to buy into the market at these price levels,” said Michael Lynch, president of Strategic Energy & Economic Research.
Commodities Drop to 12-Year Low as Oil Slumps Amid Global Glut
Oil prices are tumbling, but there's even more to the commodity story.
Goldman Fires Bankers After Getting Confidential Fed Info
Goldman Sachs fired two bankers after one of them allegedly shared confidential documents from the Federal Reserve Bank of New York within the firm.