Stock Market & Financial Investment News

News Breaks March 18, 2013 10:09 EDT GS Goldman Sachs class action appeal won't be heard by Supreme Court, Reuters says The Supreme Court says it won't hear a dispute over a class action lawsuit that accuses Goldman Sachs (GS) of misleading investors about the risks associated with mortgage securities offerings, Reuters reports. Reference Link News For GS From The Last 14 Days Check below for free stories on GS the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 16, 2013 09:05 EDT GS SolarCity, Goldman Sachs collaborate on solar lease financing platform Subscribe for More Information 06:41 EDT GS Big banks to benefit from U.S. concession on derivatives, NY Times says Subscribe for More Information 06:19 EDT GS U.K. judge rules Goldman Sachs tax deal didn’t break law, Bloomberg reports Goldman Sachs Group's deal with the U.K. government that may have saved the investment bank about $30.6M on its taxes didn’t break any laws and was properly conducted, a judge ruled, reports Bloomberg. Reference Link May 15, 2013 13:17 EDT GS Goldman Sachs COO says will address Fed's CCAR concerns Subscribe for More Information 13:15 EDT GS Goldman Sachs COO says wouldn't cut equities on first move by Fed Subscribe for More Information 13:15 EDT GS Goldman Sachs volatility near low end of historic range Goldman Sachs June call option implied volatility is at 21, July and October is at 22; compared to its 26-week average of 25 according to Track Data, suggesting decreasing price movement. 06:34 EDT GS JPMorgan CEO has obtained advice from Goldman counterpart, NY Times says JPMorgan (JPM) CEO Jamie Dimon has spoken with his counterpart at Goldman Sachs (GS), Lloyd Blankfein, a number of times in recent months about the challenges that Dimon is facing, according to The New York Times, which cited unnamed sources. Reference Link J May 14, 2013 09:01 EDT GS NVIDIA in $750M accelerated share repurchase pact with Goldman Sachs Subscribe for More Information 08:33 EDT GS CFTC investigates swap contracts, FT reports The Commodity Futures Trading Commission issued a “special call” asking Wall Street banks and other traders to provide documents that would prove recent derivatives transactions known as “exchanges of futures for swaps” were legal. Lawyers at the CFTC enforcement division are also scrutinizing the trades for possible violations. The probe is into the legitimacy of more than 1M energy and metals transactions by the biggest traders in commodities markets over the past two years.Reference Link 07:59 EDT GS Glass Lewis: Investors should oppose Goldman Sachs pay plan, Bloomberg reports Subscribe for More Information 06:01 EDT GS Goldman looking to lessen reliance on Bloomberg, NY Post reports Subscribe for More Information May 13, 2013 15:04 EDT GS Fed says large banks must submit midyear stress tests on July 5 Eighteen large U.S. bank holding companies are required to submit the results of their company-run, midyear stress tests to the Federal Reserve on July 5, the Federal Reserve said. The Dodd-Frank Wall Street Reform and Consumer Protection Act required that large bank holding companies and non-bank financial institutions that are designated for Federal Reserve supervision by the Financial Stability Oversight Council conduct two stress tests each year. In the midyear test, which is being conducted for the first time in 2013, each firm develops its own baseline, adverse, and severely adverse scenarios to best reflect its individual operations and risks. Each firm in the midyear test is required to release the results produced under its severely adverse scenario, helping promote market discipline and understanding of the financial conditions and risks of individual firms, between September 15 and September 30, the Fed added. May 9, 2013 08:09 EDT GS JPMorgan, Bank of America had perfect trading records in Q1, Bloomberg reports JPMorgan Chase (JPM) and Bank of America (BAC) had perfect trading records in the first quarter, making money every day of the period as Morgan Stanley (MS) posted losses in eight sessions and Goldman Sachs (GS) in two, reports Bloomberg. One daily gain at JPMorgan was over $200M as the bank recovered from last year’s London Whale derivatives loss, the company said in a regulatory filing. Reference Link 06:05 EDT GS Goldman Sachs made about $500M for Malaysian bond sales, Bloomberg reports Goldman Sachs Group made about $500M arranging three bond sales in the past year for 1Malaysia Development Bhd., the state investment fund led by Prime Minister Najib Razak, sources say, reports Bloomberg. That total is nearly as much as Malaysia pays each month on its debt and compares with Goldman's record $694M of global bond underwriting fees in the first quarter, according to Bloomberg data. Reference Link 05:43 EDT GS Big banks take the offense against Washington, WSJ reports The biggest U.S. banks are going on the offensive to fight off growing efforts in Washington to rein them in, reports the Wall Street Journal. They've hired longtime, influential Washington insiders to deflect regulatory and political pressure to strengthen their finances and to sell assets. Reference Link May 8, 2013 13:14 EDT GS Goldman said to have earned $500M from Malaysia bond deals, Bloomberg reports Subscribe for More Information 07:24 EDT GS Federal Reserve Bank of Chicago to host a conference Subscribe for More Information May 7, 2013 10:20 EDT GS Banks accused of restraining swaps market competition, Bloomberg says A sheet metal workers union in Cleveland claimed in federal court that Goldman Sachs Group (GS), Citigroup (C) and 10 other banks have restrained market competition" for credit default swaps, violating U.S antitrust law, says Bloomberg. Other banks named in the complaint include Bank of America (BAC), Deutsche Bank (DB), and UBS (UBS), added Bloomberg. Reference Link May 6, 2013 06:12 EDT GS Credit Suisse alleges Goldman Sachs hire stole secrets, Bloomberg reports Subscribe for More Information May 5, 2013 19:20 EDT GS N.Y AG plans homeowner enforcement versus financial firms, Bloomberg reports Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.