Goldman Sachs executives expect to receive subpoenas in the next few days from federal prosecutors seeking more information about the securities firm’s mortgage-related business, according to Liz Rappaport and Jean Eaglesham of the Wall Street Journal.
Carl Levin, chairman of the Senate investigative subcommittee, said there was “real hope” law enforcement authorities would act on his panel’s report accusing Goldman Sachs of misleading investors and Congress, the FT reports.
Activist shareholder Evelyn Davis planted a kiss on Goldman Sachs CEO Lloyd Blankfein at the firm's annual shareholder meeting, according to people at the meeting.
After the financial media furor over a possible Blankfein exit earlier this year, some sources close to Goldman Sachs' main man are saying that actually, he plans to stay for another two years.
From the canyons of Wall Street to the City of London and beyond to Hong Kong, an intense guessing-game has begun: who will succeed Lloyd C. Blankfein when he eventually steps aside as chief executive of Goldman Sachs? The New York Times reports.
The disclosure by Lloyd Blankfein that he rarely uses email, preferring to check the daily profits and losses at Goldman Sachs over voicemail, is a reminder that at the highest levels, Goldman is still a “voicemail” shop.
It's confirmed. Lloyd Blankfein will testify at the trial of Raj Rajaratnam for insider trading, according to letters sent to Judge Holwell, from government prosecutors and Raj's defense (via Bloomberg).
Federal prosecutors say they do plan to call Goldman Sachs Chairman Lloyd Blankfein as a witness in the insider trading trial of Raj Rajaratnam, according to a letter sent to the judge in the case.
When Raj Rajaratnam was a hedge fund baron managing billions of dollars and being lionized as one of Wall Streets savviest investors, he was asked what made him so successful. A decade later, Mr. Rajaratnam is taking the biggest calculated risk of his life. The New York Times reports.