The U.S. Securities and Exchange Commission is examining whether Wall Street banks have given certain clients preferential treatment in corporate-bond sales, according to a person with direct knowledge of the matter.
3M Co. is working with Goldman Sachs Group Inc. to sell components of its electronics business that the industrial- and consumer-products maker has decided are underperforming, people with knowledge of the matter said.
Goldman Sachs Group Inc. and Credit Suisse Group AG used bonus season in Brazil as a chance to reduce their investment-banking personnel, even as some local rivals posted record revenue after adding employees.
YPF SA, the crude-oil producer seized by the Argentine government in 2012, and underwriters including Goldman Sachs Group Inc. won dismissal of an investor lawsuit in which the company was accused of making false statements before its March 2011 public offering.
As they marketed one of the biggest commercial-mortgage bond deals ever in June 2007, just as credit markets began to crumble, bankers at Goldman Sachs Group Inc. and Royal Bank of Scotland Group Plc handed out T-shirts depicting a glass it declared “half full.”
Carlyle Group LP, the Washington- based private-equity firm, is planning about $2.5 billion of debt financing for its buyout of Illinois Tool Works Inc.’s industrial-packaging unit, according to a person with knowledge of the deal.