Retail investors have a lot more financial firepower to unleash on the stock market this year, reasons Goldman Sachs.
(Bloomberg) -- The U.S. Supreme Court gave Goldman Sachs Group Inc. a new chance to stop a lawsuit that accuses the company of misleading shareholders by masking conflicts of interest in mortgage-backed securities it sold.The justices set aside a federal appeals court ruling that had let the suit go forward. Goldman and its business allies argued the ruling made it too easy for shareholders to press class action fraud lawsuits. The Supreme Court decision sends the case back to the appeals court
(Bloomberg) -- China summoned officials from its biggest banks to a meeting to reiterate a ban on cryptocurrency services.Representatives from Industrial and Commercial Bank of China Ltd., Agricultural Bank of China Ltd. and payment service provider Alipay were reminded of rules that prohibit Chinese banks from engaging in crypto-related transactions, according to a statement from the central bank on Monday.The latest development is a sign that China will do whatever it takes to close any loopho