SINGAPORE (Reuters) – Goldman Sachs said on Wednesday a third round of quantitative easing from the Federal Reserve is likely after the U.S. Federal Reserve promised to keep rates at extraordinarily low levels for at least two more years. “We now see a greater-than-even chance that the FOMC will resume…
The Federal Reserve pledged Tuesday to hold interest rates near zero for two more years and said it was mulling the tools it has to boost a slowing economy. Meeting as worries grew of a new recession, the Fed’s policy board said growth so far this year had been “considerably…
The heads of Wall Street’s top banks on Thursday urged President Barack Obama and Congress to reach a deal on the debt ceiling, warning of “very grave” dangers if agreement is not reached. “We strongly urge you to reach an agreement this week,” the chief executives of Bank of America, Citigroup, Goldman Sachs,JPMorgan…
LONDON (Reuters) – Global banking regulators are discussing how to use extra capital cushions as a means of stopping very big lenders getting even larger, a source familiar with the talks said on Friday. World leaders have asked the Basel Committee on Banking Supervision to flesh out a package of…
TOKYO – Japan lost its 42-year ranking as the world’s second-biggest economy to China in 2010, with data on Monday showing a contraction in the last quarter due to weak consumer spending and a strong yen. While Japan was expected to fall behind a surging China in the year, the…
NEW YORK — Citing “intense media coverage,” Goldman Sachs said on Monday it was excluding US clients from a private offering of shares in Facebook expected to raise as much as $1.5 billion. “Goldman Sachs originally intended to conduct a private placement in the US and offshore to investors interested…
US federal prosecutors are investigating whether Morgan Stanley misled investors about financial derivative deals against which it sometimes bet, The Wall Street Journal reported Wednesday. The suspicions were similar to civil fraud charges faced by Goldman Sachs, which is also under investigation for how it designed and sold mortgage-related products…