William Fitzpatrick News
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Michael Corbat, Citigroup Inc.’s new chief executive officer, says he wants to run a more efficient bank. That means rousing or cutting one of Wall Street’s least productive workforces.
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Former Syracuse University assistant basketball coach Bernie Fine won’t face sexual abuse charges because the allegations are too old to allow prosecution, the Onondaga County district attorney said.
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Morgan Stanley reached a settlement with MBIA Inc. over credit-default swaps that led to billions of dollars of losses for the bank, agreeing to terminate the contracts and drop a challenge to the insurer’s restructuring.
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Former Syracuse University assistant men’s basketball coach Bernie Fine was sued by a man alleging he was sexually abused as a 13-year-old in a Pittsburgh hotel room.
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Goldman Sachs Group Inc. rose 5.5 percent in New York trading as investors looked past a third- quarter loss and focused on gains in trading revenue and prospects for a rebound in underwriting and takeovers.
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Bank of New York Mellon Corp., the world’s largest custody bank, may head to trial to defend against a lawsuit by Virginia claiming the state’s pension funds were defrauded in foreign-currency trades.
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Goldman Sachs Group Inc. climbed 6.8 percent in New York trading after the bank reported profit that exceeded analysts’ estimates, helped by a reduction in compensation costs.
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Goldman Sachs Group Inc. is poised to win the top spot among advisers on both global takeovers and equity offerings for the first time in five years, a sign the bank hasn’t lost the trust of corporate executives.
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Goldman Sachs Group Inc., the New York-based bank that eliminated 2,400 jobs last year, reduced its compensation and benefits expense 21 percent to $12.2 billion in 2011 as revenue slid 26 percent.
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Syracuse University and its head basketball coach, Jim Boeheim, were sued by two men claiming “years of sexual molestation” at the hands of former assistant coach Bernie Fine.
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