Fed looks at way to shift big-bank losses to investors

...bailouts totaling hundreds of billions of dollars during the crisis.The other banks subject to the requirements are Goldman Sachs, Wells Fargo, Morgan Stanley, Bank of New York Mellon and State Street Bank.In its action Friday, the Fed was...

Oil supply from non-OPEC nations expected to plunge next year

...about $5 below the estimated average for Brent crude, the benchmark for many international types of crude.However, Goldman Sachs said Friday that the glut in oil is greater than previously thought, and it slashed its forecasts for the U.S...

Volatile start to year in markets could help bank profits

...two weeks, including Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo...equally. Banks with sizable trading desks, including Goldman Sachs, Morgan Stanley, JPMorgan and Citigroup, have more...

Business news

...company issued a statement Thursday saying it was considering all options for its future.Belk said it has retained the Goldman Sachs investment bank to help study its best options."We are performing due diligence to carefully explore all options...

Unemployment rates fell in 21 US states in June, rose in 12

...David Mericle, an economist at the investment firm Goldman Sachs.States with unemployment rates that are at or near...to 4 percent that is typical for a healthy economy.Goldman Sachs forecasts that wage growth will reach 2.75 percent...

Federal Reserve orders top 8 banks to hold extra capital

...requirements are JPMorgan Chase, Citigroup, Bank of America, Goldman Sachs, Wells Fargo, Morgan Stanley, Bank of New York Mellon...followed by Citigroup at 3.5 percent; Bank of America, Goldman Sachs and Morgan Stanley at 3 percent; Wells Fargo at 2 percent...

Cheaper oil not aiding US economy

...the government says, and cut the quarter's annual economic growth by three-quarters of a percentage point. Goldman Sachs estimates that three jobs will be lost in other industries for every position shed by energy companies as laid-off...

Bank of America returns to profits as legal costs subside

...Since it is more focused on consumers, low interest rates means it cannot charge as much on loans. JPMorgan Chase or Goldman Sachs, which have large trading operations, have been largely able to offset that issue with higher earnings from trading...

Apple will replace AT&T in the Dow Jones industrial average

...said swapping Apple for AT&T won't alter the Dow's level.The last big shake-up came in September, 2013 when Goldman Sachs, Nike and Visa knocked out Alcoa, Bank of America and Hewlett-Packard.

Top US banks pass Federal Reserve's 'stress tests'

...requests outright from the other 25 tested banks, which included Bank of America, JPMorgan Chase, Wells Fargo, Goldman Sachs and Morgan Stanley.The banks can now amend their plans on dividend payments and stock buy-backs to win Fed approval...