The Federal Reserve's 'stress tests' of big banks requires them to maintain sufficient capital, even after a nightmare economic scenario in which stock prices fall by 65% and unemployment surges to 10%.
Goldman Sachs doesn't make many acquisitions, but when it does buy a company, the founders often end up working at the Wall Street firm, as appears to be the case for Joe Duran, founder of United Capital.
The five biggest U.S. private-equity firms have raised almost $350 billion of 'dry powder' from pension funds, foreign governments and other institutional investors that must now be spent on everything from corporate acquisitions to business loans and real estate. The problem is, the assets have gotten too expensive.
As competition heats up in the exchange-traded funds industry, TD Ameritrade nearly doubles the roster of ETFs eligible for commission-free purchases.
KKR, the $200 billion U.S. private-equity firm, benefited from higher performance revenue and investment income during a period when the S&P 500 jumped by the most in 10 years.
The scandal-plagued U.S. bank, under strict sanctions from the Federal Reserve, recently lost its second CEO in four years. But shareholders are now happy with the makeup of the board of directors, led by Chair Betsy Duke.
Compared with IBM, Microsoft's fragmented culture has made it easier for CEO Satya Nadella to find new growth.
Investors aren't waiting for a rebound in bitcoin prices to invest in fast-growing cryptocurrency markets. But guess who's getting left behind: Big Wall Street firms that currently dominate trading in stocks, bonds, foreign exchange and commodities.
Stephen Schwarzman, founder and CEO of the giant U.S. private-equity firm Blackstone, was already one of the world's richest men. But after an announcement that the partnership will convert to a stock corporation sparked the biggest one-day rally in its publicly traded units, Schwarzman is immediately $573 million richer on paper.
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