| Goldman Sachs UK partners (at FT.com) Goldman Sachs is a financial crisis survivor. The US investment bank made near-record profits last year. True, it used $10bn of Tarp funds, since repaid. But it stuck to what regulators wanted banks to do: rebuild profits, so bolstering capital. us.rd.yahoo.com |
Speculators make EU8bn bet against euro (at FT.com) Traders and hedge funds have bet nearly $8bn against the euro, amassing the biggest ever short position in the single currency on fears of a eurozone debt crisis. us.rd.yahoo.com |
Goldman legal woes just keep growing (at CNNMoney.com) Wall Street's top firm now faces a $1 billion civil suit and reportedly another SEC investigation. The stock falls to a new 52-week low. Is there any relief in sight? us.rd.yahoo.com |
Eastern Bank to acquire Wainwright for $163M (AP) Eastern Bank will buy Wainwright Bank & Trust Co., a smaller Boston area rival, for about $163 million in an all-cash transaction, the companies said Tuesday. us.rd.yahoo.com |
Morgan Stanley swings into profit (at Financial Times) Morgan Stanley MWD's quarterly results swung to a profit as efforts to overhaul the bank showed progress in spite of brutal market conditions and tepid demand for capital raisings. us.rd.yahoo.com |