Tag: Wall Street

• Thursday, October 27th 2011 - 20:09 UTC

  Wall Street growing insider trading scandal catches another big fish

  

  Ex-Goldman Sachs director Rajat Gupta has turned himself in to the FBI and pleaded not guilty in court to securities fraud before being freed on a 10 million dollars bail.

• Monday, October 3rd 2011 - 05:21 UTC

  ‘Occupy Wall Street’ protestors vowed to keep fight in spite of 700 arrests

  

  Anti-Wall Street protesters vowed to keep up their fight on Sunday despite the arrests of more than 700 people the previous day for blocking traffic lanes on the Brooklyn Bridge in an unauthorized protest.

• Tuesday, August 2nd 2011 - 21:37 UTC

  Wall Street fears possible downgrade of US rating in spite of vote on debt ceiling

  

  Wall Street dropped on worries about a possible downgrade of the United States' top credit rating and signs of economic weakness even as the US Congress passed on Tuesday a bill to avoid a debt default.

• Saturday, April 2nd 2011 - 06:39 UTC

  Nasdaq and ICE bid for New York Stock Exchange Euronext

  

  US exchanges Nasdaq and ICE have mounted a 11.3 billion US dollars bid for NYSE Euronext, topping a previous offer from Deutsche Boerse. The bid compares with Deutsche Boerse's offer of 10.2bn.

• Friday, July 16th 2010 - 03:46 UTC

  US Senate approves biggest overhaul of financial regulation in decades

  

  United States Senate has given final approval to the biggest overhaul of US financial regulation in decades. The reforms are intended to avert a repeat of the 2008 crisis that brought the world economy to the brink of collapse.

• Friday, April 23rd 2010 - 07:00 UTC

  Obama attacks critics of banking reforms to end “reckless practices”

  

  US President Barack Obama has attacked critics of his banking reforms in a speech which warned that without change the financial crisis will be repeated. Reckless practices and financial firms that acted like “bandits” should never be allowed to operate again, he said.

• Wednesday, April 21st 2010 - 02:55 UTC

  Goldman Sachs earnings double; UK launches formal probe into fraud allegations

  

  Goldman Sachs Group Inc said first-quarter earnings nearly doubled, while in London Britain's financial regulator launched a formal probe related to civil fraud allegations against the Wall Street bank.