Citigroup Inc, the No. 3 U.S. bank by assets, reported a 51% jump in quarterly profit as lower costs more than made up for a fall in revenue amid increased market volatility and uncertainty about the timing of a U.S. interest rate hike.
Goldman Sachs Group Inc's profit plunged for the second straight quarter as bond trading revenue fell by a third amid market turmoil stemming from concerns about global growth.
Wall Street fell more than 1% in early trading on Tuesday due to a fall in oil and copper prices on concerns about the outlook for the Chinese economy.
Goldman Sachs Group Inc said on Monday it was launching its first ever exchange traded fund, as the bank tries to break into the lucrative and highly competitive $3 trillion market for ETFs.
Goldman Sachs Group Inc. will pay $7 million to resolve U.S. Securities and Exchange Commission charges stemming from a programming error that caused the stock options market to be flooded with erroneous orders, roiling traders and prices.
New York's top state court on Thursday revived a bond insurer's $120 million lawsuit claiming Goldman Sachs Group Inc lied about a pool of securities backed by subprime mortgages during the period leading up the financial crisis.
Gold dropped as some traders deemed an advance to an almost four-month high as excessive and as investors awaited clues on when U.S. policy makers may begin raising interest rates. Silver declined.
