When It Comes to Stock Picking, Goldman Sachs Is Tops

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.”
Continue…

UBS, Credit Suisse Face Tougher Swiss Capital Rules

UBS and Credit Suisse Group will have to almost double their capital holdings because Switzerland has set out to further tighten the reins on its megabanks, requiring them to hold capital well in excess of the new Basel III rul…