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Tag Archives: goldman sachs

Bumpy earnings season ahead for banks

NEW YORK  — You can usually tell a lot about the health of the U.S. economy by looking at the financial results of banks. They’re the people who finance new factories, plant expansions and fatter payrolls. But don’t count on ...

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U.S. proposes new, tougher rules for big banks

NEW YORK — The Federal Reserve on Tuesday said the largest U.S. banks and financial companies should hold extra cash on their balance sheets to cushion themselves against financial crises. The proposal by the chief U.S. banking regulator will affect ...

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Trade group: Holiday shoppers step up buying

NEW YORK — Shoppers came out again to seriously shop last week, after taking breather from a record spending spree over the Thanksgiving weekend, according to one measure Sales at stores opened at least a year rose 3.4 percent for ...

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Ex-Goldman board member pleads not guilty in insider trading case

NEW YORK — A former board member of Goldman Sachs and Procter & Gamble pleaded not guilty Wednesday to federal charges accusing him of acting as “the illegal eyes and ears in the boardroom” for a friend, a billionaire hedge ...

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Bank earnings to reflect slowdown from 3Q turmoil

NEW YORK — Investors are bracing for a rough earnings season from banks. Turbulence in stock and bond markets, combined with waning confidence among business and consumers, hurt banks’ business in the third quarter. IPOs were shelved, companies postponed plans ...

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Possible SEC move vs. S&P may be first legal shot

WASHINGTON — The Securities and Exchange Commission is considering taking civil action against Standard & Poor’s for its rating of a 2007 mortgage debt offering. Such action could be just the first shot in a legal assault against the major ...

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Large U.S. banks must show how they would wind down

WASHINGTON — The largest U.S. banks will be required to show regulators how they would break up and sell off their assets if they are in danger of failing. The Federal Deposit Insurance Corp. voted 3-0 Tuesday to approve the ...

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Allstate sues Goldman Sachs over toxic investments

Allstate Corp. is suing Goldman Sachs Group Inc. claiming the broker fraudulently sold it more than $123 million in mortgage-backed securities in 2006 and 2007, before the housing market collapse sent the investments’ value plunging. The insurer claims in a ...

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