| Stocks tumble as Obama takes on banks (at FT.com) 17:35GMT. Stocks dropped sharply on Thursday as President Barack Obama said he intended to prevent deposit-taking banks from undertaking any proprietary trading. us.rd.yahoo.com |
Regulators shut 4 banks; 72 have failed this year (AP) Regulators on Friday shut down Midwest Bank and Trust Company in Elmwood Park, Ill., as well as three smaller banks in Georgia, Michigan and Missouri to bring the number of U.S. bank failures this year to 72. us.rd.yahoo.com |
LSE signals Europe derivatives foray (at Financial Times) The London Stock Exchange on Tuesday signalled a frontal assault on Europe's two largest derivatives exchanges - Eurex and NYSE Liffe - saying it planned to build a pan-European derivatives business within nine months. us.rd.yahoo.com |
Goldman told to pay creditors in Bayou scam $20.6M (AP) Goldman Sachs Group Inc. has been ordered to pay $20.6 million to scammed investors who say the investment bank should have known about the Ponzi scheme pulled off by the collapsed Bayou Hedge Funds. us.rd.yahoo.com |
Goldman Sachs pays dividends on preferred stock [AP] - The Goldman Sachs Group Inc. said Friday it will pay dividends on preferred stock. For series A shares, the company will pay $239.58 per share and for series B shares the payout will be $387.50 per share. us.rd.yahoo.com |