The bank received its first regulatory action earlier this week in connection to the multi-billion dollar trading loss it suffered last year.
The Federal Reserve and the Office of the Comptroller of the Currency on Monday issued enforcement actions ordering the bank to remedy the breakdown in risk management that led to the "London Whale" trades -- outsized bets in credit derivatives by a London-based group of traders that caused the bank more than $6 billion in losses.
Goldman Sachs (GS - Get Report) is expected by Wall Street Wednesday to report fourth-quarter earnings of $3.78 a share on revenue of $7.91 billion. The report is likely to show Goldman Sachs at the head of the Wall Street pack when it comes to underwriting and trading revenue, but it still has room to prove to investors it stands apart from peers such as Morgan Stanley (MS). Goldman Sachs' Bottom Line Growth Is Key Earnings Driver
Japan's two biggest airlines grounded all their Boeing (BA - Get Report) 787 aircraft for safety checks Wednesday after one was forced to make an emergency landing in the latest blow for the new jet.
Facebook (FB - Get Report) hosted its big press event on Tuesday and unveiled what it calls Graph Search. CEO Mark Zuckerberg said Graph Search is a new way to search the billion people and more than 240 billion photos on Facebook, as well as the social network's more than a trillion connections. Facebook Announces Graph Search: Live Blog Recap
General Motors (GM - Get Report) said Tuesday it expects only a modest increase in pretax profit this year as it rolls out multiple new cars and trucks worldwide. The automaker also said it thinks global auto sales will grow modestly this year, driven by the U.S. and China, while European car sales will decline.. GM told analysts that its pretax profit margin in North America should rise from 8% to 10% in the next three or four years.
EBay (EBAY), the global commerce platform and payments company, is expected by analysts to report fourth-quarter earnings of 69 cents a share. EBay reports after Wednesday's closing bell.
Chipotle Mexican Grill (CMG) said Tuesday it expects fourth-quarter net income of $1.92 to $1.97 a share. The restaurant company forecast revenue would rise to almost $700 million, up 17% from a year earlier. Analysts are expecting quarterly profit of $2.09 a share on revenue of $690.7 million.
-- Written by Joseph Woelfel
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