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Goldman Sachs’s Kirsch To Retire From Overseeing $75 Billion

June 29th, 2011 Comments off

Goldman Sachs Group Inc.’s Eric Kirsch plans to retire as global head of insurance asset management, a position that involved overseeing $ 75 billion for clients, according to a company spokesman.
BusinessWeek.com — Finance

King Defends Record-Low Rate as He Notes Risks From Greek Crisis

June 28th, 2011 Comments off

Bank of England Governor Mervyn King defended policy makers’ decision to hold interest rates at a record low as he noted risks to the economic recovery from the sovereign-debt crisis in the euro area.
BusinessWeek.com — Finance

Madoff Trustee Demands $19 Billion in Damages From JPMorgan

June 25th, 2011 Comments off

Irving Picard, the trustee liquidating Bernard Madoff’s firm, filed a revised lawsuit today against JPMorgan Chase & Co., demanding a minimum of $ 19 billion in damages.
BusinessWeek.com — Finance

Biggest Banks May Get Funding Boost from Bid to Curb Them

June 23rd, 2011 Comments off

The stiff additional capital requirements being considered by global regulators may give the biggest banks a financing advantage
BusinessWeek.com — Finance

Categories: Investing Tags: , , , , , ,

Biggest Banks May Get Funding Boost from Bid to Curb Them

June 23rd, 2011 Comments off

The stiff additional capital requirements being considered by global regulators may give the biggest banks a financing advantage
BusinessWeek.com — Finance

Categories: Investing Tags: , , , , , ,

European Stocks Rebound From 2 1/2 Month Low; ENRC Leads Gains

June 13th, 2011 Comments off

European stocks advanced, rebounding from a 2 1/2 month low, led by a rally in Eurasian Natural Resources Corp. as investors speculated that the mining company may receive a takeover approach.
BusinessWeek.com — Finance

From Startup Dreams to a Cubicle Life

June 11th, 2011 Comments off

While entrepreneurship students get MBAs with the goal of launching a startup, many make corporate pit stops before they go into business for themselves
BusinessWeek.com — Small Business

Categories: Business Tags: , , , ,

Banks May Gain Most From Russell Shift Affecting $3.9 Trillion

June 10th, 2011 Comments off

Russell Investments’ annual index revisions may help financial companies the most, thanks to Citigroup Inc. and BankUnited Inc., according to JPMorgan Chase & Co., BlackRock Inc. and Credit Suisse Group AG.
BusinessWeek.com — Finance