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Banking sector cuts tens of thousands of jobs

...their payrolls. In first-quarter earnings announcements this month, Bank of America, Citigroup, JPMorgan Chase, Goldman Sachs and Morgan Stanley revealed they have slashed more than 31,000 jobs, or 3.5 percent of their combined workforce...

http://chronicle.augusta.com/news/business/2013-04-25/banking-sector-cuts-tens-t
Fed: JPMorgan, Goldman need better capital plans

NEW YORK - JPMorgan Chase and Goldman Sachs need better plans for coping with a severe recession, the Federal Reserve said Thurs day, giving the banks until September to...

http://chronicle.augusta.com/news/business/2013-03-14/fed-jpmorgan-goldman-need-
Markets fall on Cyprus's plan to seize funds from depositors

...Stanley fell 60 cents, or 2.5 percent, to $22.99. Citigroup dropped $1.02, or 2.2 percent, to $46.24.Goldman Sachs said Monday that it had lifted its end-of-year target for the S&P 500 to 1,625 from its previous target of...

http://chronicle.augusta.com/news/business/2013-03-18/markets-fall-cypruss-plan-
SEC alleges insider trading ahead of Heinz deal, freezes account that traded $1.7 million

...complaint does not allege any wrongdoing by Heinz or the company's new owners.The account was held at a subsidiary of Goldman Sachs in Zurich. Tiffany Galvin, a spokeswoman at Goldman, said the company is "cooperating with the SEC's investigation...

http://chronicle.augusta.com/news/business/2013-02-15/sec-alleges-insider-tradin
Obama picks SEC official Elisse Walter to lead agency

...to the economic crisis. Under Schapiro, the SEC reached its largest settlement ever with a financial institution. Goldman Sachs & Co. agreed in July 2010 to pay $550 million to settle civil fraud charges that it misled investors about mortgage...

http://chronicle.augusta.com/news/business/2012-11-26/obama-picks-sec-official-e
Biz Bits

...improving moderately, but job growth has been slow and unemployment remains high.Ex-Goldman Sachs official gets prisonNEW YORK - A former Goldman Sachs and Procter & Gamble Co. board member was sentenced to two years in prison Wednesday...

http://chronicle.augusta.com/news/business/2012-10-24/business-news
Wall Street says stocks are bargains, others say risky bet

...the last three months. They're expected to drop nearly 11 percent this quarter.David Kostin, a strategist at Goldman Sachs, thinks earnings for the S&P 500 will barely grow from here, eking out maybe a 3 percent gain for the year, less...

http://chronicle.augusta.com/news/business/2012-06-19/wall-street-says-stocks-ar
Pile-up of bad economic news sends stocks sharply lower on Wall Street; Dow plunges 251

...and other companies that make basic materials fell hard after prices for commodities such as copper and oil dropped. Goldman Sachs analysts advised their clients to bet that stocks would fall, and speculation swirled that Moody's would cut the credit...

http://chronicle.augusta.com/news/business/2012-06-21/pile-bad-economic-news-sen
Despite setbacks, stocks are having a strong year

...Over that period, stocks have traded at 12.9 times expected earnings, according to David Kostin, a strategist at Goldman Sachs, suggesting stocks now are not so cheap after all.Plus, Wall Street estimates for earnings could be too high...

http://chronicle.augusta.com/news/business/your-business/2012-07-01/despite-setb
Facebook shares hit new low as lock-up ends

...sell their shares Thursday included venture capital firms Accel Partners and Greylock Partners; investment banker Goldman Sachs Group Inc; software maker Microsoft Corp.; Zynga Inc. CEO Marc Pincus; LinkedIn Corp. Chairman Reid Hoffman...

http://chronicle.augusta.com/news/business/2012-08-16/facebook-shares-hit-new-lo