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RICHARD STAITE
Goldman income flat as cost cuts help offset 20% fall in revenuesShares of the company fell as revenue of $6.72 billion fell short of the $7.35 billion average estimate of 17 analysts surveyed by Bloomber...- US banks like Bank of America and Citigroup may face margin pressure from Federal Reserve rate policyBank of America and Citigroup are among lenders that may find it more difficult to boost profits and capital after the Federal Reserve pled...
- Morgan Stanley said to limit cash bonuses to $12,500, increase deferralsMS is capping immediate cash bonuses at $125,000 as the firm curtails pay and defers more compensation for senior executives.
- Vikram Pandit's payouts climb towards $200 millionPandit, who took $1 salary after his bank got most taxpayer assistance, will collect $80 mn from payments & awards that may eventually exce...
- Wall Street revenue to fall for 4th straight quarterAnalysts have lowered first-quarter earnings estimates at biggest US banks, saying trading revenue won't rebound as much as they had expect...
- Merrill review spots trading 'irregularity'Merrill Lynch & Co, the securities firm acquired by Bank of America Corp, said it uncovered an “irregularity” during a review of its tradin...
Load More- Vikram Pandit's payouts climb towards $200 million