Goldman Sachs sees profits jump on stronger trading

US banking giant Goldman Sachs has reported a sharp rise in profits thanks in part to an improvement in trading activity at its investment banking arm.

Wells Fargo: 'We like the new Microsoft,' so DON'T sell the stock

Is Microsoft's stock a good buy right now, hovering at about $41? Or is it overpriced, with another drop looming when management fails to meet consensus revenue and profit targets?

Goldman Sachs gives away £17m to UK charities

Goldman Sachs’s charitable foundation gave away £17.4m in the UK last year, up from £14.5m the year before. Schools and universities received the largest proportion of funding from Goldman Sachs Gives, which gave away more than £4m for UK scholarships and education investments over the year, according to accounts recently filed to Companies House.

Goldman Sachs profits leap 50% as bond market takes off

US investment bank Goldman Sachs has reported a 50% jump in third-quarter profit after a sudden jolt in bond market activity helped boost revenues.

Virgin Money preparing for IPO after appointment and profits quadruple

Sir Richard Branson and the US billionaire he bought Northern Rock from the government with are preparing to float the operation, rebranded as Virgin Money, in a move that could value it at up to £2bn.

Royal Mail float: paying bankers' deferred fees would be 'mad', MP says

The government would be "mad" to pay more than £4m in deferred fees to the banks that advised on Royal Mail's privatisation because they undervalued the company, the chairman of a parliamentary committee said after grilling the bankers on Wednesday.

Twitter Resists Investor Frenzy to Avert Facebook Flop

The contours were familiar: A hot social-media company going public with investors baying to buy its stock.

Apple lays groundwork for first debt sale ever

LONDON: Apple took initial steps Monday for what would be its first debt sale ever, as the US computer giant lays the groundwork for what would be one of the most anticipated bond sales of the year.

Vodafone can invest in Europe without Verizon sale, says CEO

BARCELONA: Vodafone says that it does not need to sell part of its stake in the highly profitable Verizon Wireless joint venture in the United States to bolster its position in Europe.

Goldman chiefs got $65m of share awards before tax vote

Goldman Sachs chief Lloyd Blankfein and nine other executives exercised stock options worth $65m (£40m) hours before US politicians voted in favour of higher tax rates on wealthy individuals as part of its "fiscal cliff" deal, filings show.