Goldman beats the Street on investment banking

Goldman Sachs Logo

Goldman Sachs, the Wall Street firm with the highest return on equity in 2013, reported earnings that topped analysts’ estimates as investment-banking revenue jumped to the highest level since the financial crisis.

Report - Barclays CFO: no credible plan investment bank

Barclays Canary Wharf

In recent private meetings with analysts and investors, Barclays' new finance chief, Tushar Morzaria, surprised attendees with a frank admission, according to participants: The bank doesn't have a credible plan for what to do with its sprawling investment bank.