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Goldman Sachs Group Inc

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  • Separate studies to be undertaken by the Fed's Washington- based Board of Governors and its Office of Inspector General are meant to ensure that "divergent views" about the state of large banks are adequately aired. The issue will be the focus of a Senate Banking committee hearing on Friday that features New York Fed President William Dudley as the chief witness.

  • WASHINGTON, Nov 20- New York Federal Reserve President William Dudley defended the system for supervising major banks, saying it has been dramatically improved and made safer since the 2007-2009 financial crisis. In testimony prepared for a Senate Banking Committee hearing on Friday but released on Thursday, Dudley said "it is undeniable that banking...

  • Fired bankers at Goldman, NY Fed were pals: Lawyer Thursday, 20 Nov 2014 | 3:42 PM ET
    Pedestrians walk past the New York Federal Reserve building.

    Rohit Bansal and Jason Gross had been friends for years, both having worked at the New York Fed. Now both are out of jobs.

  • Midday Glance: Banks companies Thursday, 20 Nov 2014 | 2:49 PM ET

    Bank of America Corp. fell$. 08 or. 5 percent, to $16.98. Citigroup Inc. fell$. 39 or. 7 percent, to $53.27. Goldman Sachs fell$. 18 or. 1 percent, to $189.02.

  • WASHINGTON, Nov 20- Goldman Sachs Group Inc on Thursday took the lead in rejecting allegations by a powerful U.S. Senate subcommittee that Wall Street banks were exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. The public airing of concerns about banks' ownership of physical commodities and assets from...

  • Under fire in commodity probe, Goldman makes move Thursday, 20 Nov 2014 | 1:21 PM ET
    Jacques Gabillon, head of the global commodities principal investments group at Goldman Sachs looks on as Christopher Wibbelman, president and CEO of Metro International Trade Services, speaks during a Senate hearing on Capitol Hill in Washington, Nov. 20, 2014.

    Goldman Sachs is in talks with a Russian buyer, among others, about selling its embattled metal warehousing business.

  • Nov 20- Goldman Sachs Group Inc said it fired a junior employee and a supervisor over the leaking of confidential information from the Federal Reserve Bank of New York. The confidential information provided Goldman a window into the New York Fed's private insights, including details about at least one of the bank's clients, the New York Times reported, citing...

  • WASHINGTON, Nov 20- Goldman Sachs Group Inc on Thursday rebutted allegations made by a powerful U.S. Senate committee report that condemned Wall Street banks for exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. JPMorgan Chase& Co and Morgan Stanley, which will also address the panel, have both made major moves to...

  • Early Glance: Banks companies Thursday, 20 Nov 2014 | 10:29 AM ET

    Bank of America Corp. fell$. 09 or. 5 percent, to $16.97. Citigroup Inc. fell$. 40 or. 7 percent, to $53.26. US Bank fell$. 12 or. 3 percent, to $43.77.

  • Role of 3 big banks in commodities risky: Report Thursday, 20 Nov 2014 | 7:44 AM ET

    Three big banks that have owned commodities exposed themselves to risk and in some cases manipulated prices, a Senate investigation has found.

  • LONDON, Nov 20- Copper slipped on Thursday as weak manufacturing in China and slower business growth in the euro zone raised concerns about demand, while nickel hit a five-week high due to expectations of an ore shortage. In top metals consumer China, growth in its vast factory sector stalled in November, with output contracting for the first time in six months,...

  • Nov 20- Goldman Sachs Group Inc said it fired two staff after a junior employee passed confidential information from the Federal Reserve Bank of New York, his former employer, to a senior colleague in the investment bank. Goldman said the incident on Sept. 26 was immediately reported to its compliance team, regulators and the New York Fed and an internal...

  • Goldman fires staff for alleged NY Fed breach Thursday, 20 Nov 2014 | 1:14 AM ET
    A patch bearing the Goldman Sachs Group logo is pictured on a trading jacket on the floor of the New York Stock Exchange in New York.

    Goldman Sachs has fired an investment banker who allegedly accessed confidential information from the Federal Reserve Bank of New York, his former employer. The FT reports.

  • Alibaba will sell debut bond on Thursday Thursday, 20 Nov 2014 | 1:13 AM ET
    An employee walks past the Alibaba logo during a media tour organized by government officials at the company’s headquarters outside of Hangzhou, Zhejiang province, China.

    Chinese e-commerce giant Alibaba will sell its first-ever bond on Thursday, a jumbo trade expected to be around US$8 billion in size.

  • NEW YORK, Nov 19- Goldman Sachs will wind down its small uranium trading business after failing to find a buyer and may sell its Colombian coal mine subsidiary, two of its most controversial commodity divisions, according to a Senate report released on Wednesday. It included a lengthy summary of Goldman's activities in the niche uranium market, which began when...

  • WASHINGTON, Nov 20- Goldman Sachs Group Inc will rebut on Thursday allegations made by a powerful Senate committee report that condemned Wall Street banks for exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. JPMorgan Chase& Co and Morgan Stanley which will also address the panel have both made major moves to get...

  • METALS-London nickel hits 5-week high as shortfall eyed Wednesday, 19 Nov 2014 | 10:59 PM ET

    *Coming up: euro zone Markit flash mfg PMI at 0900 GMT. SYDNEY, Nov 20- London nickel hit a five-week high on Thursday on expectations of a shortage of ore in China, as stainless steel makers run down their raw material stockpiles following an Indonesian ban on ore exports. "The chances of a supply gap are fairly high... but I don't think it's going to be as acute as consensus...

  • What matters for markets next year: Goldman Wednesday, 19 Nov 2014 | 10:01 PM ET
    Statues of a bull and a bear outside the Frankfurt Stock Exchange

    It's crystal-ball time for markets and Goldman Sachs is no different, outlining top-10 themes for 2015, eyeing the economic recovery, China and oil.

  • METALS-London copper slips ahead of China flash PMI Wednesday, 19 Nov 2014 | 8:26 PM ET

    SYDNEY, Nov 20- London copper edged down on Thursday, ahead of a November reading on the health of China's manufacturing sector, while nickel prices were supported by expectations of a supply shortage. Prices have been pinned in a $300 range from around $6,600- $6,900 since mid September. *In news, Goldman Sachs Group Inc's metals storage unit paid Deutsche Bank,...

  • LONDON, Nov 19- The splintering of the global aluminium price is becoming ever more acute. Physical premiums on both sides of the Atlantic have just sailed through the $500 per tonne level, widening the disconnect between the global reference price set on the London Metal Exchange and the "all-in" price paid by manufacturers. The LME is racing to catch up with its...