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.
PIMCO’s Ivascyn to Challenge Gross With Unconstrained Fund
The new group CIO is about to go head to head with Bill Gross in the fastest-growing segment of fixed income: unconstrained funds.
Silver Pricing Change Takes Effect; Other Metals to Follow
A 117-year-old pricing system has changed.
BofA to Pay $16.65 Billion to End U.S. Mortgage Probes
The settlement, which includes $7 billion in consumer relief and a $5 billion penalty, is the harshest penalty yet related to the 2008 financial crisis.
Berkshire Rises Past $200,000, Extending Buffett’s Record
Berkshire Hathaway Inc. traded above $200,000 for the first time, further validating Chairman Warren Buffett’s decades-long bet on the U.S. economy.
Morgan Stanley Beats Estimates on Smaller Drop in Fixed Income: Q2 Earnings
Morgan Stanley saw a smaller drop in second-quarter fixed income trading revenue than Citigroup or JPMorgan.
U.S. Stocks Fluctuate With Treasuries on Fed Comments; Oil Drops
U.S. stocks fell as the Fed said valuations for smaller companies in social media and biotech appear “substantially stretched.”
JPMorgan, Goldman Beat Estimates: Q2 Earnings
Bond trading revenue fell at both banks, though less than expected, but CEO Jamie Dimon's health issues overshadowed JPMorgan's results.
Investors Pile Into Stocks Just as Pros Say Bull Run Is Over
Individual investors are plowing money back into the U.S. stock market just as professional strategists say gains for this year are over.
Dow Average Tops 17,000 as Payrolls Rise Amid ECB Plans
Records set for Dow industrials, S&P after Labor Dept. reports 288,000 new jobs in June and Mario Draghi reveals European stimulus plans.