Credit Suisse told state regulators it will begin cutting 126 jobs in Manhattan in the “next few months.” The cuts affect offices at 1 Madison Ave. and 11 Madison Ave. and will extend through Aug. 6, the Zurich-based bank said.
Ally Financial is “absolutely not” looking to sell its core US auto lending business as it seeks ways to pay back $12 billion it owes to taxpayers after a government-funded bailout, the company’s CEO said yesterday.
In a filing, Warren Buffett’s Berkshire Hathaway disclosed a stake of 10 million shares in General Motors as of March 31.
OWS at MS
Anti-Wall Street protesters disrupted Morgan Stanley’s annual meeting yesterday, but shareholders approved pay and director proposals.
Greenlight Capital, the hedge fund manager run by David Einhorn, closed out its stake in Yahoo! during the first quarter while opening new positions in Computer Sciences and Expedia.
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