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Tag: investment banking

Goldman Sachs Details Revenue in Bid to Deflect Criticism

by on Jan.11, 2011, under Towing

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 Journal said.

The bank faced intense criticism from the public in 2010. The bank also had to deal with a…

Continue reading Goldman Sachs Details Revenue in Bid to Deflect Criticism

Goldman Sachs Details Revenue in Bid to Deflect Criticism originally appeared on DailyFinance on Tue, 11 Jan 2011 09:05:00.

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The Top 10 Growth Industries for 2011

by on Dec.19, 2010, under Towing

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.

Continue reading The Top 10 Growth Industries for 2011

The Top 10 Growth Industries for 2011 originally appeared on DailyFinance on Sun, 19 Dec 2010 08:00:00.

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SEC in Talks to Settle Mortgage-Bond Probe

by on Dec.02, 2010, under Towing

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 Journal reported without naming its sources. The investigation involves banks including Citigroup Inc….

Continue reading SEC in Talks to Settle Mortgage-Bond Probe

SEC in Talks to Settle Mortgage-Bond Probe originally appeared on DailyFinance on Thu, 02 Dec 2010 08:23:00.

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Goldman Sachs Promotes Hundreds of Employees

by on Nov.19, 2010, under Towing

Goldman Sachs

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 week, the company selected 110 people to become partners, giving them access to a special compensation…

Continue reading Goldman Sachs Promotes Hundreds of Employees

Goldman Sachs Promotes Hundreds of Employees originally appeared on DailyFinance on Fri, 19 Nov 2010 06:53:00.

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Banks Exploit Loophole in Volcker Rule with Longer-Term Bets

by on Nov.11, 2010, under Towing

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.

Continue reading Banks Exploit Loophole in Volcker Rule with Longer-Term Bets

Banks Exploit Loophole in Volcker Rule with Longer-Term Bets originally appeared on DailyFinance on Thu, 11 Nov 2010 16:19:00.

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