The U.S. Securities and Exchange Commission sued a Chicago man over claims he fraudulently raised more than $145 million primarily from Chinese investors by promising that their investments would provide a pathway to U.S. citizenship.
The landmark Blackstone Hotel in downtown Chicago, which has hosted 12 U.S. presidents, opened in 2008 after a two-year, $116 million renovation. Inside the Beaux Arts structure, built in 1910, buffed marble staircases greet guests spending up to $699 a night for rooms with views of Lake Michigan.
Goldman Sachs Group Inc. , the fifth-biggest U.S. bank by assets, will pay $5.65 billion to redeem preferred stock sold to Warren Buffett ’s Berkshire Hathaway Inc. at the depth of the 2008 financial crisis.
Goldman Sachs Group Inc. , weighing 2010 pay packages for a year that could rank as Wall Street’s second best, said it may grant bonuses that depend on future earnings, in addition to stock performance.
Goldman Sachs Group Inc. closed at its lowest level in more than eight months after an analyst told investors to sell the stock on concern that the Department of Justice faces growing pressure to bring claims against the firm.
European stocks climbed, halting a two-day decline, after the Bank of Japan joined the Federal Reserve in opting for further asset purchases to support the economy and housing starts climbed in the U.S.
European stocks fell for a second day as Japanese exports tumbled and investors speculated that victory in regional elections for Spain’s Prime Minister Mariano Rajoy reduces pressure for him to seek a bailout.
The National Credit Union Administration has sued Goldman Sachs Group Inc., accusing the Wall Street firm of violating federal and state laws in the sale of securities to now-failed corporate credit unions.