Banks (Finance)
GoldmanResearchGroup.com, a premier source for microcap research, has announced seven stocks to watch closely, including Ford Motors, Paradigm Oil and Gas, and Bank of America. The company's investment report aims to alert subscribers to small cap and microcap companies poised for explosive movement in the market. With
Banks (Finance)
Robert Hoglund, Chief Financial Officer and Senior Vice President of Con Edison, will present at the Deutsche Bank Securities Inc. Alternative Energy, Utilities & Power Conference on Tuesday, May 11. The presentation will be webcast live, but an audio recording will be available on the Con Edison Investor Relations website
Investment banks
Lloyd Blankfein, chairman and CEO of Goldman Sachs, testified before the Senate Investigations Subcommittee on April 27, 2010, in relation to the financial crisis. He acknowledged the firm's receipt of a government investment and its subsequent repayment, including a 23% annualized return for taxpayers. Blankfein emphasized Goldman Sachs&
Investment banks
Senator Carl Levin, chair of the Homeland Security and Governmental Affairs Committee, led a hearing to examine the role of investment banks in the financial crisis. Goldman Sachs Chairman and CEO Lloyd Blankfein testified, providing insightful comments on the crisis. In this hearing, key takeaways highlight the industry's
Investment banks
Bank of America Merrill Lynch is exposed to higher litigation risks from clients who invested in collateralized debt obligations (CDOs) due to its large market share in constructing CDOs between 2005 and 2008. The bank's involvement in this market, particularly in 2007, makes it a prime target for
Investment banks
Financial stocks led the Dow Jones Industrial Average's recovery on Monday, erasing some of the losses incurred the previous day after the SEC brought civil fraud charges against Goldman Sachs. The strength in financials was led by Citigroup, which gained 4.6% after reporting a significant increase in
Banks (Finance)
Winnipeg-based CanWest, in partnership with the private equity arm of Goldman Sachs Group Inc., is on the verge of acquiring Alliance's 13 specialty TV offerings, including Showcase and History Television, in a potential $2.1-billion takeover. The deal would see CanWest become a major player in the consolidating
Banks (Finance)
Massachusetts authorities are investigating Wall Street's big investment banks, including UBS, for operating "hedge fund hotels" that provide office space to hedge funds at potentially discounted rates in exchange for lucrative business opportunities. The investigation centers on whether hedge funds are being short-changed by paying higher
Banking industry
Europe's largest manufacturer of toilet rolls is at the center of a heated bidding war, with investment banks Deutsche Bank and Goldman Sachs orchestrating the sale of Georgia-Pacific Corporation's European tissue business. The German-based division, which produces hundreds of millions of toilet rolls and tissue products
Banking industry
Foreign investors, once hesitant to enter China due to concerns over market risks, are now actively participating in the country's economy by acquiring strategic stakes in its publicly traded companies. Recent deals, such as Goldman Sachs' 10% stake in Fuyao Glass Industry Co. and its bid for
Banks (Finance)
Goldsmith Agio Helms, a leading independent investment banking firm, has chosen IntraLinks as its preferred provider of virtual dealrooms. The partnership will enable the firm to standardize on IntraLinks' On-Demand Workspaces, a turnkey platform that accelerates deal timelines for clients. This move is part of Goldsmith Agio Helms'
Banks (Finance)
The appointment of Hank Paulson to the US Treasury has highlighted the growing influence of environmental concerns on financial institutions. As a passionate advocate for sustainable banking while at Goldman Sachs, Mr. Paulson's efforts to overhaul the bank's policies have set a precedent for the finance
