Valeant Tells Congress a Different Tax Tale Than Investors
The U.S. Senate Permanent Subcommittee on Investigations held its first hearing under new leadership on Thursday with a dive into the U.S. corporate tax code.
Fidelity National Said in Exclusive Talks to Acquire SunGard
The current SunGard deal is valued at $8.3 billion, down from its $11 billion price tag in 2005.
Treasury Securities Dealers Accused of Collusion in Lawsuit
Bank of America and Goldman Sachs are among 22 financial companies accused of colluding to rig Treasury securities auctions in a lawsuit filed by investors.
Goldman Sachs Pays Fine for Roiling Options Market in 2013
Goldman agreed to pay a $7 million fine to settle regulatory claims that it sent thousands of mistaken orders.
Oil's Not Coming Back. Here's Why
WTI prices have moved up $17 a barrel from their six-year low, but that comeback could stall.
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.