Buffett — who it is worth pointing out invested $5bn in Goldman at the height of the financial crisis — mounted what the WSJ call a "vigorous defense " of the company, saying he did not believe they had acted improperly.
Goldman Sachs is facing an SEC lawsuit that names a prominent London-based banker. The British Prime Minister said today he too wants to examine their "moral bankruptcy." They responded by giving their London staff bonuses equivalent to those of 2007.
Here's a graph showing the beating Goldman Sachs stock took when it emerged today that their (allegedly) shady practices merited an SEC lawsuit. It's a good weekend to go out in New York, unharried by bankers.
A financial expert was giving advice about tracking expenses online when Martha interrupted with questions about debit cards, asking "Does it just beep? What does it do when you overdraw?" Ten bucks says Martha's never received an overdraft charge, either.
It's Thursday, so Goldman Sachs raked in billions with taxpayer help while you're still unemployed. The bank announced $3.1 billion in third-quarter profits today, and set aside $5.3 billion for bonuses. Help us find out how they spend it.
The NYT Business section did a nice little Where Are They Now on some fallen banker komrades from Lehman Brothers. Are they destitute? Are they happier? Are they better than they were before? And: should we feel bad for them?
You gotta love banks. They bring the American economy to its knees peddling crap mortgages, only to be bailed-out en masse by the taxpayers, and now they're making a killing by charging customers ridiculous overdraft fees. Yeah.
An HSBC banker hanged himself in a 5-star hotel room in West London, The Times reports.
Click to viewTrading in bank shares could be suspended across the G7 nations tomorrow as the British government carries out plans to take a majority stake in the Royal Bank of Scotland and major holdings in another three of the country's largest banks.
So how was your weekend? Probably not great if you work at Bear Stearns. But even with looming job cuts and a pathetic bail out from the Feds, Bear Stearns' website is still boasting about awards it won in 2007 and 2006 for BearXplorer, a client side risk analytics initiative, whatever that means. The company still…
Words fail us on this one. It's like Reservoir Douches. Anyway, if you need another reason to avoid Stereo on a Friday night - or any time, really - click the link below.
Hey there, young Manhattanites who aren't investment bankers. Wondering what those kids who are making six times your starting salary have that you don't, besides suits, coke, and a soulless unswerving commitment to making money above all else? Well, according to the charmers at Bankersball.com ("Wilkommen!"), they…
So that Bank of America "One" song made more of an impression than we realized. Apart from eliciting a flurry of C&D's (it also inspired the above cover version from new Modest Mouse guitarist Johnny Marr and adorable alopecian funnyman David Cross. How long before YouTube brings us the Patton Oswalt parody of the …
Bank of America merged with MBNA on January 1st, "[solidifiying] the Bank's position as the largest issuer of credit cards in the U.S... The combined Bank of America Card Services organization will have more than 40 million active U.S. accounts and nearly $140 billion in managed outstanding balances. Bank of America…
