Goldman Sachs Group Inc., the most profitable bank in Wall Street history, told Japanese clients the collateralized debt obligation at the center of a Securities and Exchange Commission suit wasn’t sold in the country.
The New York Stock Exchange’s plan to lure more stock orders from individuals was approved by the U.S. Securities and Exchange Commission, dealing a setback to Wall Street firms that increasingly keep the business for themselves.
Swiss banks must lure affluent clients from emerging markets or face a “slow death” as the pursuit of tax dodgers by U.S. and European authorities results in outflows of assets, industry officials and investors said.
Wall Street banks operating in Japan are inviting nuclear physicists to inform Tokyo employees about radiation risks, providing counseling and supplying bottled water to calm workers and keep them in the city.
Goldman Sachs Group Inc. and JPMorgan Chase & Co. were among banks that pledged to improve how they guard client information in Japan amid an insider trading scandal that toppled Nomura Holdings Inc.’s top two executives.
Goldman Sachs Group Inc. plans to start a private real estate investment trust with as much as 50 billion yen ($628 million) that will invest in Japan’s property market, two people familiar with the situation said.