Finance
Goldman Sachs to settle U.S. rate-rigging lawsuit for $56.5 million
NEW YORK Goldman Sachs Group Inc has agreed to pay $56.5 million to resolve a U.S. class action lawsuit accusing it and other banks of rigging an interest rate benchmark used in the $553 trillion derivatives market.
Deutsche Bank to pay more than $40 million to settle dark pool cases
WASHINGTON A unit of Deutsche Bank AG conceded that it misled investors and violated securities laws and will pay more than $40 million to settle charges that it misinformed clients about how it routed orders to anonymous trading platforms known as dark pools, regulators said on Friday.
Oil rises on Goldman forecast, signs producers complying with cuts
NEW YORK Oil rose on Friday, edging closer to new 17-month highs, after Goldman Sachs boosted its price forecast for 2017 and producers showed signs of adhering to a global deal to reduce output.
Goldman reshuffles research leadership ahead of new rule
Goldman Sachs Group Inc has reshuffled the leadership of its research division, according to an internal memo seen by Reuters on Friday.
'Trump trade' drives ninth biggest weekly rush to stocks: BAML
LONDON Global equity funds received $21 billion in the past week - their ninth-biggest inflow ever - as investors embraced the 'Trump trade', while money flowed out of bonds for seventh week in a row, Bank of America Merrill Lynch said on Friday.
Goldman says newly promoted COOs and CFO to get same base salary
Goldman Sachs Group Inc said its newly promoted co-chief operating officers and chief financial officer would each receive a $1.85 million base salary as part of their broader compensation packages.
American charged in bank hacking turned down Russian asylum: lawyer
NEW YORK The Russian government offered asylum to a Maryland-born man facing U.S. charges he was part of a computer hacking scheme targeting financial firms including JPMorgan Chase & Co, but he turned down the offer, his lawyer said on Thursday.
New York regulator fines Italy's Intesa Sanpaolo $235 million
NEW YORK Intesa Sanpaolo SpA, Italy's biggest retail bank, agreed on Thursday to pay a $235 million fine to New York state's financial regulator for anti-money laundering failures and violations of bank secrecy laws, officials said.
Fourth RBS investor group prepares to settle fundraising claim
LONDON A small group of Royal Bank of Scotland retail shareholders is close to joining three other investor parties and settling a 4.0 billion pound ($5 billion)-plus lawsuit against the bank out of court.
Louisiana judge throws out executive order to protect LGBT rights
A Louisiana judge on Wednesday threw out an order from the state's Democratic governor aimed at protecting the rights of gay and transgender people, ruling that the governor had overstepped his authority.