Everybody’s favorite firm to hate — Goldman Sachs — really is the smartest money on Wall Street, at least according to Bloomberg Markets’ top 10 ranking of the “World’s Best Financial Stock Pickers.”
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Citigroup is on the hook for $11.5 million in damages after losing an arbitration case against actor Larry Hagman, best known for his role as J.R. Ewing in the television series “Dallas,” who had accused the bank of fraud and m…
The financial media loves to pluck struggling analysts from obscurity and propel them to fame on the backs of a few good calls, then shoot them full of arrows at them when their predictions start to fail. And inevitably, those …
General Electric unit GE Capital announced Tuesday that it had acquired the retail finance portfolios from Citigroup’s Retail Partner Cards. Financial terms of the deal were not disclosed, but GE Capital expects it will immedia…
When companies use the word “immaterial” to describe errors or irregularities in their previously reported numbers, what they’re trying to say is that their mistakes involved such small amounts that they don’t really matter. To…