The Wall Street Job Report

Societe Generale said on Wednesday that it was moving to dismiss its top Russian executive days after his shock arrest on bribery charges.

The decision by Russian subsidiary Rosbank’s board to fire its head, Vladimir Golubkov, after his arrest last week in a dramatic sting came as the French bank’s management faced shareholders at its annual shareholder meeting.

A judge has since ordered that Golubkov be put under house arrest for two months, and SocGen said on Wednesday that independent … Read More »

Switzerland is facing mounting pressure finally to abandon its long tradition of banking secrecy. The United States has already told the Swiss government it expects Swiss banks to provide the US authorities with automatic information about US clients.

Now the European Union … Read More »

Quiz question: What is the world’s most expensive bank?

Analysts at UBS think the answer is Commonwealth Bank of Australia , having crunched numbers like its price-earnings ratio or book value and compared them to global peers such as Read More »

Goldman Sachs GS +1.62% is doubling down on its optimistic view on U.S. stocks.

The Standard & Poor’s 500-stock index closed above 1625, the previous year-end target from chief U.S. equity strategist David Kostin, two weeks ago. So he has raised … Read More »

Ten years ago this month, Congress enacted the third major tax cut of the George W. Bush administration. Its centerpiece was a huge cut in the tax rate on dividends. Historically, they had been taxed as ordinary income, but the Bush plan, enacted by a Republican … Read More »