Goldman Sachs' Blankfein: Firm Won't Compete With Big Lenders
Goldman Sachs Group Inc. (GS) Chairman and Chief Executive Lloyd Blankfein said the bank isn't aiming to compete with large commercial and consumer lenders, even as it pursues more-traditional banking activities after its switch to a bank-holding company during the throes of the financial crisis.
U.S. Bancorp Issuing $1.3 Billion of 10-Year Subordinate Debt
U.S. Bancorp. (USB) plans to sell $1.3 billion of subordinate bonds Wednesday, just hours after reporting that second-quarter profits rose from a year earlier. The 10-year subordinate bonds are expected to offer investors a yield of 1.50 percentage points more than the Treasury rate. They are
Levinsohn's Unclear Status at Yahoo Raises Questions
New Yahoo Inc. (YHOO) Chief Executive Marissa Mayer wasn't the only top executive to skip the company's earnings call with Wall Street analysts Tuesday: Interim CEO Ross Levinsohn, who had been running the company prior to Ms. Mayer's hiring, was also absent.