Goldman Sachs Group is poised to retake the lead among advisers on global merger and acquisition transactions, while a surge from big European banks knocked Citigroup Inc. out of its fourth-place spot.
A report this afternoon by Dow Jones Newswires’ Jessica Holzer notes that the collapse of a $1.1 trillion Senate budget measure late Thursday could leave two key regulatory bodies without enough funding to carry out reforms.
The Securities and Exchange Commission and the Commodity Futures Trading Commission were supposed to get big funding increases so they could implement new reforms under the Dodd-Frank legislation, the report notes.
Goldman Officers to Reap $111 Million Payout From 2007, 2009
By Michael J. Moore and Christine Harper - Dec 16, 2010 7:19 AM GMT+0800
Goldman Sachs Group Inc.’s top executives will get about $111.3 million in stock next month in a delayed payout from last year and their record-setting 2007 awards, even as Wall Street prepares for lower bonuses.
House Freshmen for 2011 Gather as Congress Prepares to Address Tax Cuts
The 2011 U.S. House freshman class is in Washington for orientation as Congress today opens a lame-duck session to decide whether to extend billions of dollars in Bush-era income-tax cuts.
“I’m just looking forward to getting started,” Republican Jim Renacci of Ohio, who beat Democratic Representative John Boccieri in the Nov. 2 election, said in an interview yesterday. Renacci said his first priority when the new lawmakers take office in January is that “we’ve got to get spending under control.”
NEW YORK (CNNMoney.com) -- Tony Hayward will step down as chief executive of BP, the company announced Tuesday, amid ongoing outrage over the oil spill in the Gulf of Mexico.
Not since the Great Depression, when the mighty House of Morgan was cleaved in two, have Washington lawmakers rewritten the rules for Wall Street as extensively as they did on Friday.