Goldman Sachs burned by bad currency bets in third quarter
NEW YORK (Reuters) - Goldman Sachs Group Inc lost more than $1 billion on currency trades during the third quarter, recent regulatory filings show, offering some insight into why the...
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Credit markets see Morgan Stanley as less risky than Goldman
NEW YORK (Reuters) - Morgan Stanley is now seen in derivatives markets as less likely to default on its debt than Goldman Sachs, a reversal of long-term price trends that...
Goldman Vice Chairman Evans to retire at year-end
NEW YORK (Reuters) - Goldman Sachs Group Inc Vice Chairman J. Michael Evans will retire from his position at year-end, the bank said on Monday, eliminating a top rival of...
Morgan Stanley profit beats Street as equity trading surges
(Reuters) - Morgan Stanley posted a higher-than-expected quarterly profit on Friday as stock trading revenue jumped 31 percent, surprisingly strong performance in a quarter when rivals posted smaller gains or...
Wall Street banks likely stung again by bad bond-trading quarter
NEW YORK (Reuters) - Wall Street banks have had another rough quarter in bond trading thanks to the U.S. Federal Reserve, and it might get worse before it gets better....
Former Lehman President Gregory puts antiques on auction block
NEW YORK (Reuters) - Former Lehman Brothers President Joseph Gregory, who often commuted by helicopter to work before his bank went bust, is auctioning off a collection of centuries old...
Former Lehman President Gregory puts antiques on auction block
NEW YORK (Reuters) - Former Lehman Brothers President Joseph Gregory, who often commuted by helicopter to work before his bank went bust, is auctioning off a collection of centuries old...
U.S. banks say they are safer by their own measures
NEW YORK (Reuters) - The biggest U.S. banks, including JPMorgan Chase & Co and Bank of America Corp , said that by their own reckoning they are better equipped to...
Goldman losses from options glitch in tens of millions: source
(Reuters) - Goldman Sachs Group Inc lost tens of millions of dollars after a computer glitch led to a flood of erroneous options trades last week, a source close to...
Morgan Stanley quarterly profit jumps on stock trading
(Reuters) - Morgan Stanley posted a 42 percent increase in quarterly profit on Thursday as stock trading revenue soared, and the bank announced its first buyback plan since the financial...