While Goldman Sachs will survive the securities fraud allegations, the case could change Wall Street forever, analysts say.
With Goldman dragging down the market broadly should you start cherry-picking? Or are there just too many unknowns?
“You’ve gotta ask yourself whether this Goldman probe is the exogenous event that triggers a correction," says Guy Adami. “Sometimes that’s how these selloffs begin!”
Goldman Sachs CEO Lloyd Blankfein addressed employees in a voicemail message, urging them to remain focused in the wake of civil fraud charges filed against the investment bank by the Securities and Exchange Commission.
The ratings agencies are more culpable than Goldman Sachs, Sean Egan, president of Egan-Jones Ratings Company told CNBC on Monday.
Citigroup earnings on Monday provided more evidence that the large financials may be turning a corner. Anton Schutz, president of Mendon Capital, shared his insights on the results.
Three authors who have written major books about the financial crisis gave their opinion on the Goldman Sachs civil case, filed by the SEC on Friday.
Stocks pushed higher on Monday after a more-than-expected rise in leading indicators and strong earnings from Citigroup. Fritz Meyer, senior market strategist at Invesco AIM and Linda Duessel, equity market strategist at Federated Investors shared their market outlooks.
The societal benefits of obscure financial products are negligible, and regulation of the financial industry won’t hamper US competitiveness, according House Banking Committee Chairman Barney Frank told CNBC Monday.
Citigroup shares rose as the financial giant reported a $4.43 billion first-quarter profit on Monday as losses from bad loans declined. Chris Whalen, senior vice president and managing director at Institutional Risk Analytics shared his insights on the earnings results.
Stocks pushed higher Monday after a sharper-than-expected rise in leading indicators and an earnings beat from Citigroup.
By now our readers have likely heard about and discussed the SEC’s lawsuit against Goldman Sachs for fraud. The details are across the Internet, but what effect will the allegations have on the energy complex?
Veteran financial analyst Dick Bove, with Rochdale Securities, sent out a research report Monday morning calling the SEC’s case against Goldman Sachs weak, but says the events of Friday could be setting the stage for another financial system collapse.
The executives had sought to balance Goldman’s positive bets on the mortgage market, rather than take an overall negative view, a spokesman told the New York Times.
U.S. stock index futures were lower ahead of the open Monday as investors were still reeling from Friday's news that the Securities and Exchange Commission charged Goldman Sachs with fraud, with banks leading European indexes lower.
S.E.C. Enforcement Director Robert Khuzami told CNBC that pursuing fraud related to the financial crisis is a top priority at the agency, after the agency filed a $1 billion fraud charge against Goldman Sachs.
As Wall Street considers the implications of the Goldman Sachs fraud investigation European governments and regulators are beginning to formulate their response.
Uncertainty surrounding Goldman Sachs will likely overshadow the positive news from dozens of major corporate earnings reports in the week ahead. Some analysts say the Goldman spacer fraud charges could be the event that will trigger a much anticipated stock market correction.
Government lawyers are facing many potential pitfalls as they attempt to prove the civil fraud charges against Goldman Sachs.
Accusations that Goldman defrauded customers who bought investments tied to risky subprime mortgages have only just begun to reverberate through the financial world, reports the New York Times.