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Countrywide to cost BofA 30 times its purchase price

Countrywide to cost BofA 30 times its purchase price

CHARLOTTE, N.C., Dec. 27 (UPI) -- Bank of America could pay 30 times what it paid for Countrywide Financial Corp. in fines and fees connected to the deal, the U.S. bank's figures show.

Markets slip Tuesday

NEW YORK, Dec. 10 (UPI) -- U.S. markets slipped Tuesday after two days of gains that broke up a five-day skid.

U.S. retail sales for Black Friday week were down from previous week

NEW YORK, Dec. 3 (UPI) -- Receipts at U.S. retail stores dropped in the week ending Saturday from the previous week, but made gains compared to the same week of 2012, a trade group said.
Cyber Monday sales affecting Amazon, eBay stocks

Cyber Monday sales affecting Amazon, eBay stocks

Dec. 2 (UPI) -- Cyber Monday sales are expected to surge to more than 131 million people in the U.S. shopping for holiday deals, and eBay is leading gains in e-commerce stocks as other online retailers waver.
Sonali Basak
Hilton hikes price to $2.4 billion in the largest ever hotel IPO

Hilton hikes price to $2.4 billion in the largest ever hotel IPO

Dec. 2 (UPI) -- Hilton hikes its initial public offering, to be the largest hotel IPO ever and possibly the second largest IPO of the year.
Sonali Basak

Goldman Sachs brings 10,000 Small Businesses program to Detroit

DETROIT, Nov. 26 (UPI) -- Investment bank Goldman Sachs says it is bringing its 10,000 Small Businesses program to the Detroit area, with loans and educational programs available.
Spotify raises valuation to $4 billion

Spotify raises valuation to $4 billion

Nov. 22 (UPI) -- Spotify music streaming service is catching up to its much larger competitors, including Pandora.
Sonali Basak
JPMorgan's Twitter outreach #AskJPM fails

JPMorgan's Twitter outreach #AskJPM fails

Nov. 14 (UPI) -- JPMorgan's #AskJPM Twitter efforts a "bad idea."
Sonali Basak

Retail receipts rise in week

NEW YORK, Nov. 12 (UPI) -- U.S. retail sales receipts rose by 1.2 percent in the week ending Saturday, a national trade group said Tuesday.
Obama nominates Treasury's Timothy Massad as CFTC chairman amid banking regulatory woes

Obama nominates Treasury's Timothy Massad as CFTC chairman amid banking regulatory woes

Nov. 12 (UPI) -- The White House announced Tuesday that Treasury official Timothy Massad will be nominated as chair of the Commodities and Futures Trading Commission. The new chair will have a large undertaking in Wall Street reform, replacing current Chairman Gary Gensler.
Sonali Basak

White House tallies impact of shutdown

WASHINGTON, Nov. 7 (UPI) -- The White House on Thursday said the government shutdown in October hurt U.S. production, delayed service and fee collections and stung consumer confidence.
Twitter shares open 73 percent higher than asking price

Twitter shares open 73 percent higher than asking price

NEW YORK, Nov. 7 (UPI) -- Shares of Twitter topped $50 per share Thursday after opening 73 percent above the initial asking price of $26 on the New York Stock Exchange.

Retail sales receipts slide in week

NEW YORK, Nov. 5 (UPI) -- U.S. retail receipts at chain stores fell 0.6 percent in the week ending Saturday, the second consecutive weekly drop, a retail trade group said Tuesday.

Retail receipts report posts solid gains

NEW YORK, Oct. 22 (UPI) -- U.S. retail receipts at chain stores rose 1.4 percent in the week ending Saturday, the International Council of Shopping Centers said Tuesday.
Wall Street's year looks dinged by Washington

Wall Street's year looks dinged by Washington

NEW YORK, Oct. 22 (UPI) -- New York state Comptroller Thomas DiNapoli said gridlock in Washington and monetary policy are changing the state's financial picture.
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Photos
Goldman Sachs
Former Partner and Head of the Mortgages Department Daniel Sparks, former Managing Director of the Structured Products Group Trading Joshua Birnbaum, current Managing Director of the Structured Products Group Trading Michael Swenson, and Executive Director of the Structured Products Group Trading Fabrice Tourre (L to R) are sworn in prior to testifying before a Senate Homeland Security and Governmental Affairs Committee hearing on Goldman Sachs' role in the financial crises on Capitol Hill in Washington on April 27, 2010. UPI/Roger L. Wollenberg
Wiki

The Goldman Sachs Group, Inc. is a global investment banking and securities firm which engages in investment banking, securities services, investment management and other financial services primarily with institutional clients. Goldman Sachs was founded in 1869, and is headquartered at 200 West Street, in the Lower Manhattan area of New York City. The firm has offices in all major international financial centers, and provides mergers and acquisitions advice, underwriting services, asset management, and securities services to its clients, which include corporations, governments and high net worth individuals around the world. The firm also engages in proprietary trading and private equity deals. It is a primary dealer in the United States Treasury security market.

Former employees Robert Rubin and Henry Paulson served as United States Secretary of the Treasury after leaving the firm; Rubin under President Bill Clinton and Paulson under George W. Bush.

Goldman Sachs was founded in 1869 by German immigrant Marcus Goldman. In 1882, Goldman's son-in-law Samuel Sachs joined the firm. In 1885, Goldman took his son Henry and his son-in-law Ludwig Dreyfuss into the business and the firm adopted its present name, Goldman Sachs & Co. The company made a name for itself pioneering the use of commercial paper for entrepreneurs and was invited to join the New York Stock Exchange in 1896.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Goldman Sachs."
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