Goldman Sachs Group Inc.’s $550 million settlement with U.S. regulators yesterday will benefit the firm by ending three months of uncertainty at an affordable price. Now the rest of Wall Street begins calculating the cost. Investors welcomed the deal with the Securities and Exchange Commission, saying the company won key points: The cost was below [...]

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Wall Street’s biggest firms are considering the suitability of selling opaque financial products to governments, endowments and not-for-profit institutions after the contracts magnified credit-market losses that plunged the U.S. into a recession. “There is no distinction among very different groups of investors, and this is where things might change,” said Dino Kos, a managing director [...]

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“Questions have been raised that go to the heart of this institution’s most fundamental value: how we treat our clients.” — Lloyd C. Blankfein, Goldman Sachs’s C.E.O., at the firm’s annual meeting in May As the housing crisis mounted in early 2007, Goldman Sachs was busy selling risky, mortgage-related securities issued by its longtime client, [...]

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Within days — perhaps even hours — of news that Goldman Sachs (GS.N) was facing fraud charges from U.S. regulators, rivals seized on a chance to elbow in front of Wall Street’s most profitable bank. DEALS Investment bankers have been lobbying executives at state-owned Agricultural Bank of China and pushing officials in Beijing to drop [...]

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In late October 2007, as the financial markets were starting to come unglued, a Goldman Sachs trader, Jonathan M. Egol, received very good news. At 37, he was named a managing director at the firm. Mr. Egol, a Princeton graduate, had risen to prominence inside the bank by creating mortgage-related securities, named Abacus, that were [...]

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Oct. 23 (Bloomberg) – New Jerseytaxpayers are sending almost $1 million a month to a partnership run by Goldman Sachs Group Inc. for protection against rising interest costs on bonds that the state redeemed more than a year ago.

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Oct. 21 (Bloomberg) – Morgan Stanleyreported its first profit in a year, surpassing analysts’ estimates as underwriting fees climbed and an increase in risk-taking boosted trading revenue to the highest in 12 months. Third-quarter earnings fell to $757 million, or 38 cents a share, from $7.7 billion, or $6.97, a year earlier, the New York-based company said [...]

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Oct. 20 (Bloomberg) — A 40 percent jump in Wall Street bonuses this year may bring relief to New York City and Albany as the state and its biggest metropolis struggle with a combined $14 billion in budget deficits this fiscal year and next. New York investment houses will dole out $26 billion in bonus [...]

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Just months after paying back billions in bailout funds,Goldman Sachs reported a profit of $3.19 billion for the third quarter, or $5.25 diluted earnings per common share, exceeding analyst expectations by about $1 a share. Goldman’s earnings were up 270 percent for the quarter compared to the same period last year. It was only about 12 [...]

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Citibank (NYSE: C) disappointed investors, shareholders and industry analysts when they announced their disappointing third-quarter earnings which were significantly hindered by non-performing loans. Citibank earned a slim profit of $101 million, but common stockholders endured a loss of 27 cents per share because most of the profit was paid back to the government in dividends [...]

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