Goldman Sachs will begin moving hundreds of people out of London before any Brexit deal is struck as part of its contingency plans for Britain leaving the European Union, the Wall Street firm's Europe CEO said.
Goldman Sachs Group Inc. on Wednesday named company veterans David Solomon and Harvey Schwartz presidents and co-chief operating officers to succeed Gary Cohn, who is set to head the White House National Economic Council.
Modern Trader magazine's Editor in Chief Dan Collins talks about how the Fed funds futures show little chance of any upcoming tightening even as far out as January 2017. Fed officials continue to hint towards a tightening, which brings confusion to the market.
Jon Corzine has settled a lawsuit by the trustee for the former New Jersey governor's company MF Global Holdings Ltd, as part of a $132 million accord to end much of the remaining litigation over the brokerage's 2011 collapse.
U.S. bank subsidiaries of Deutsche Bank AG and Banco Santander SA yet again failed the Federal Reserve's stress test today due to "broad and substantial weaknesses" in their capital planning processes.