Chief executives at several big banks received extraordinary paydays for 2009, with Wells Fargo (NYSE: WFC) CEO John Stumpf receiving compensation that doubled his 2008 earnings. Though incredible high payouts at banks are still the norm despite public outcry, a large majority of the payouts were based in stock, better liking the executives’ earnings to [...]
March 4th, 2010 | mitch | Comments | ContinuedAll Posts Tagged With: "Goldman Sachs (GS)"
Goldman Sachs (NYSE:GS) Questioned on Build America Bonds Underwriting Fees
Goldman Sachs (NYSE:GS) has come under fire concerning another issue as Senator Charles E. Grassley, the senior Republican on the Finance Committee, asked in a letter to Chief Executive Lloyd C. Blankfein about the underwriting fees associated with the Build America Bonds, which were supposedly created for the purpose of creating jobs primarily through projects [...]
February 26th, 2010 | Gary | Comments | Continued
The Next Bailout Recipients? Employees of Bank of America Corp. (NYSE: BAC), Citigroup (NYSE: C), and Goldman Sachs (GS)
You have to love, or at the very least, appreciate the irony. The latest victims in the imbroglio over banking compensation are … bank employees.
Bank of America Corp. (BAC) and Citigroup Inc (C) among others have instituted programs that are creatively instituting financial aid programs that accelerate cash bonus payments that have been deferred as [...]
Wells Fargo (NYSE: WFC) Gets High Marks; J.P. Morgan Chase (NYSE: JPM) Not So Much in Latest Treasury Report on Small Business Lending
It’s been said that the definition of insanity is doing the same thing again and again and expecting a different result. We can only hope that all parties involved will move past the current focus on bonuses and bailouts and move quickly to address the needs of small business owners who are still finding it [...]
January 27th, 2010 | Christopher | Comments | Continued
SEC Admits It’s Investigating Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC), Citigroup (NYSE:C), and Goldman Sachs (NYSE:GS)
The head of the Securities and Exchange Commission (SEC), Mary Schapiro, admitted today that it is investigating the sales practices of Collateralized Debt Obligations (CDOs) of Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC), Citigroup (NYSE:C), and Goldman Sachs (NYSE:GS). The admission came before the Federal Crisis Inquiry Commission on Thursday and was the most direct [...]
January 15th, 2010 | John | Comments | Continued
Morgan Stanley (NYSE: MS) and Goldman Sachs (NYSE: GS) Compete Over Release of 4th Quarter Earnings
Fueled by public perceptions of their 2009 earnings, Morgan Stanley (MS) and Goldman Sachs Group Inc. (GS) are carefully timing their respective releases.
Goldman, anticipating intense public scorn and scrutiny over its projected bonus pool, would like to report as close to Morgan Stanley as possible to try to deflect some attention from the bonuses and [...]
Goldman Sachs (NYSE: GS) Reportedly Will Give Bonus Recipients a Mandatory Floor for Charitable Giving
It’s been a bad year to work at Goldman Sachs.
No bank draws the ire of American taxpayers like the Wall Street icon. They received over $12.9 billion when AIG was bailed out by the U.S. government.
And with expectations that Goldman will report $12 billion in earnings in 2009, critics are making accusations that these large [...]
J.P. Morgan Chase (NYSE: JPM), Morgan Stanley (NYSE: MS), Bank of America (NYSE: BAC) and Citigroup (NYSE: C) Expected to Report Declines in 4th Quarter Earnings
Analysts are cautioning that fourth-quarter investment banking earnings suffered a significant “early Christmas” slowdown on the back of falling fixed-income revenues. The warnings come just days before the start of the financial sector’s reporting season.
Analysts at J.P. Morgan (JPM) and Morgan Stanley (MS) issued reports Tuesday on the banking industry in which they estimated that [...]
NY Attorney General Cuomo Seeks Bonus Info From Bank Of America (NYSE: BAC), Citigroup (NYSE: C), JP Morgan Chase (NYSE: JPM), And Others
Amidst public displeasure and regulatory scrutiny over bonus payments, several large U.S. banks received a letter from New York Attorney General Andrew Cuomo requesting information on bonus allocations. The letter went to eight of the nation’s largest banks that received taxpayer money.
Bank of America (NYSE: BAC), Bank of New York Mellon (NSYE: ), Citigroup (NYSE: [...]
Goldman Sachs (NYSE:GS) Sued By Two Pension Funds Over Bonuses
The divisive issue of bonus payments to investment bankers reared its head again as it was announced that Goldman Sachs (NYSE:GS) is being sued by two pension funds over planned bonuses paid to employees. The plaintiffs in the lawsuit, released on Tuesday, maintain that the company shouldn’t use its normal methods for calculating bonuses in [...]
January 13th, 2010 | John | Comments | Continued
Financial Crisis Inquiry Commission Set To Interview Top Execs At Bank of America (NYSE: BAC), JP Morgan (NYSE: JPM)
The Financial Crisis Inquiry Commission is set to hold its first public hearing on January 13, where it will interview several CEO’s from the nation’s largest banks. The hearing is aimed at gaining perspective on items that caused the financial crisis in 2008, thus providing the American taxpayer a clean answer on what happened and [...]
January 11th, 2010 | mitch | Comments | Continued
I am a Realtor trying to consumate a short sale for a senior citizen on social security with Citi holding ...
When you are down there, try the number 3 with sour cream... The green enchiladas are wonderful!!!!!! 
It would seem that they see the light at the end of the tunnel...I just hope that what they see ...