SEC's persistence to pursue the case against Fabrice Tourre, Goldman Sachs' junior salesman, may backfire.

Goldman Sachs Group, Inc and Bank of America leads the corporate bond sales this week, which raked in approximately US $30 million.

Rajat Gupta was fined US $13.9 million after court found him guilty of insider trading. Federal authorities ordered a former executive of Goldman Sachs Group Inc.

Goldman Sachs sells its majority share in REDI but will retain minority stake in the company. Goldman Sachs Group sold its majority stake in REDI, one of the pioneers of trading technology, to a group of investors.

Apollo Global Management announced that it is exiting its real estate unit, Realogy. Apollo Global Management announced that is exiting Realogy. The private-equity firm revealed an offering to offer its remaining 25 million shares in Realogy, a real-estate company.

Tulloch Homes finally revisits Aberdeen, this time with a multi-million project. Tulloch Homes, an Inverness-based contractor, went back to the thriving Aberdeen housing market as part of a GBP30 million program that will bring at least 100 new positions to its 170-strong workforce.

Caroline Kitidis, who used to work for Goldman Sachs, joins Deutsche Asset & Wealth Management. Deutsche Asset & Wealth Management today welcomed into the team Caroline Kitidis, formerly head of Americas Structured Solutions Group of Private Wealth Management.

Cloudary Corp, China's online company, would withdraw its IPO worth more than US$200 million due to the market's current condition.

Lenovo announced that they have no plans to issue bonds Lenovo Group Ltd, announced that they have no plans to issue bonds in the near term. The decision of Lenovo is based on the global market volatility Lenovo CFO Wong Wai Ming said in a telephone intervier, "The debt market was actually in a turmoil probably a couple of weeks ago.

Britain would float its majority share in Royal Mail through an initial public offering this financial year.