Goldman Sachs this last Friday was shocked to find themselves at the end of litigation from the SEC that they had misled investors about complex securities sold to investors.
As the Obama Posse rides headlong into financial reform, hellbent on putting new restraints on Wall Street, we are about to enter a cowardly new world.
Community banks support many elements of the proposed financial regulatory reform legislation but are most concerned about fair treatment for all financial institutions, a lobbyist for the industry's trade group told CNBC Friday.
Government investigators believe a Goldman Sachs director improperly told Galleon Group hedge fund founder Raj Rajaratnam that Warren Buffett's Berkshire Hathaway would be making a $5 billion investment in Goldman in September of 2008, according to a report this morning in the Wall Street Journal.
To the bankers here, it seemed like a chance to make a quick $7 million - risk free. Instead, their sweet deal turned into a $840.1 million debacle. The NYT tells the story.
The Goldman Sachs deal that is the target of a Securities and Exchange Commission lawsuit may have been legal, but the case has triggered a debate about ethics on Wall Street.
Goldman Sachs was both an underwriter and an investor in Lloyds Banking Group’s vast refinancing deal late last year, the FT has learned, highlighting the potential conflicts of interest at the heart of the investment bank’s business model.
Deep inside some law firms and consultancy groups in London and New York, some highly sensitive private conversations are under way. The issue at stake is Goldman Sachs, the FT reported.
How might reform benefit Nasdaq? Get all the details from CEO Bob Griefeld.
Rushing into Goldman right now probably isn’t wise? Or is it? Find out why it could be the smartest move you can make!
A seasoned hedge fund manager told CNBC Thursday that he expects to see more actions like those of the securities-fraud charges against Goldman Sachs.
Considering the President just scolded the Street for pushing the nation into recession, why are financials inching higher?
Billionaire hedge fund manager John Paulson has received quite a bit of press lately arising from his involvement in Goldman’s 2007 Abacus deal which netted him a king's ransom of $1 billion.
Weekly jobless claims should get more attention than usual Thursday, after two weeks of backtracking. Claims are expected to come in at 450,000, after last week's disappointing 484,000.
ACA, the main investor in a failed mortgage-securities deal that prompted fraud charges against Goldman Sachs, appears to have caused some of the $1 billion loss itself, CNBC has learned.
President Obama will be urging the Congress on Thursday not to let the chance for an overhaul of Wall Street regulations slip away. What does this mean for financial stocks? Kevin Caron, market strategist at Stifel Nicolaus, shared his insights.
The government’s case against Goldman Sachs is about to get its first public airing, in what could be a gripping preview of the legal battle to come. The New York Times explains.
I feel for the fabulous Fabrice Tourre. A rising star at the most prestigious Wall Street firm, with a multi-million dollar bonus before he was 30, is being readied for a trip under the bus. He has been placed on leave, and you need a fall guy. He may not be enough to satisfy the hungry wolves circling Goldman, but he will be the start.
Current economic policies are not sustainable and the world faces doom because "the governments are taking over", said Marc Faber, editor & publisher of The Gloom, Boom & Doom Report.
Financial markets are all about anticipating what happens next, not about what is right and wrong or fair or justified. And right now, financial markets might just decide to do to the bankers of Goldman Sachs what they have done to the likes of Greece for these past months.