Goldman Sachs awarded its chief executive, Lloyd Blankfein, $12.6m in restricted stock and more than trebled his annual salary, in a sign the public backlash against the bank’s pay practices may have waned
Goldman Sachs appointed Michael Evans, its Asia chairman, to a broader role as head of emerging markets, a move that could soothe internal tensions within the bank’s senior ranks
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Evans named Goldman emerging markets head
Leading managers – including clients of the investment bank – have hit back at calls for tougher regulation of their industry made by Gary Cohn, Goldman Sachs president, in Davos
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Hedge funds rebuke Goldman Sachs regulation call
Siblings plead guilty to roles in mortgage fraud scam – Savage Pacer · Commission outlines Goldman Sachs subprime dilemma in financial crisis – Housing Wire · Fannie and Freddie’s Big Foreclosure Backlog – BusinessWeek …
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Fannie and Freddie's Big Foreclosure Backlog – BusinessWeek …
The diverging fortunes of Main Street and Wall Street were highlighted as a trading slump hit Goldman Sachs’ fourth-quarter results, while Wells Fargo and US Bancorp benefited from the gradually healing fortunes of US consumers
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Main Street banks outshine Goldman
Goldman Sachs’ sharp drop in trading revenue, disappointed investors and revived questions that the financial crisis may leave more than a temporary mark on some of Wall Street’s most profitable trading desks
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Goldman looks back at ‘dead’ days
Goldman Sachs scrapped an offer for its wealthy US clients to participate in a $1.5bn investment in Facebook, dealing a blow to the controversial private financing
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Facebook blow for Goldman’s US clients
Goldman Sachs’s decision to unveil a long-awaited set of internal reforms to respond to its critics last week has inspired the author to enter an introspection period
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Goldman’s self-improvement plan is likely to falter
Goldman Sachs has revealed details of about $5bn in investment losses suffered during the crisis for the first time this week, in a move that will deepen the debate over companies’ financial disclosures
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Goldman reveals fresh crisis losses
Goldman Sachs devotes 63 pages to explain the 39 ways it will improve business practices in the face of withering criticism of its actions during the financial crisis
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Goldman takes 39 steps but only a small leap
Globe and Mail Goldman Sachs Said to Plan Disclosing More Detail on Revenue Bloomberg The Wall Street Journal reported the change earlier today on its website. The recommendations emerged eight months after the firm established a committee of … Goldman Opens Up to Mollify Its Critics Wall Street Journal Goldman Sachs expected to announce accounting changes Marketplace Goldman Sachs to Fine-Tune Business Practices New York Times all 103 news articles
Bond insurer ACA Financial Guaranty sued Goldman Sachs for $112m alleging the bank deceived it into investing in a ‘worthless’ mortgage-related product
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Bond insurer sues Goldman for $120m
Tim Geithner, Fannie , And Freddie Are Getting Slammed For The New Stealth Bailout Of Bank Of America. Joe Weisenthal | Jan. 4, 2011, 8:13 AM | 2767 | comment ….. Goldman Sachs Invests $450 Million In Facebook At $50 Billion Valuation · facebook money, editorial sidebar. • Facebook (Effectively) Just Announced Plans To Go Public · • BEWARE: Facebook’s $56 Billion Valuation Smells Like A Scam · • DEAR WINKLEVII: Give It Up, You Already Won, Now Move On …
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Tim Geithner, Fannie, And Freddie Are Getting Slammed For The New …
Facebook has raised $500m from Goldman Sachs and Digital Sky Technologies in a deal that values the social networking site at $50bn
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Goldman invests $450m in Facebook
After an enormous rally in junk bonds in 2009 and 2010, Goldman Sachs, JPMorgan, Neuberger Berman, Guggenheim Partners, and Schroders Investment Management all recommend increased risk. Meanwhile investor sentiment on US treasuries is at a record low and the bull-bear spread on equities has widened out to 36.3. According to Dave Rosenberg, that bull-bear spread is within striking distance of the 42.4 all-time high posted in October 2007. Please consider Junk Spreads Narrow to 2007 Level on …
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Plowing Into Junk While Insiders Bail
Goldman Sachs is seeking an executive to run its day-to-day operations in Asia even as the bank struggles to find a new role in its New York headquarters for the region’s chairman, Michael Evans
Goldman Sachs has rebuffed accusations that its trading practices contributed to the collapse of two Bear Stearns hedge funds in the early days of the financial crisis in 2007
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Goldman hits back at accusations over Bear funds’ fall
Goldman Sachs is considering a sale of its Litton Loan mortgage-servicing division, a move that would potentially end the bank’s foray into the business of collecting home loans and foreclosing
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Goldman considers selling mortgage servicer
Sergey Aleynikov, who is accused of stealing Goldman Sachs’ source code, argued that he was standing up to the bank’s proprietary claims on open-source code
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Goldman challenged on trading code
Goldman Sachs has fired its head of European block trading for violating internal policies and procedures, the Financial Times has learnt
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Goldman executive fired over violations
Goldman Sachs and JPMorgan Chase disclosed further details about problems plaguing their mortgage servicing units
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Lenders disclose mortgage woes
Goldman Sachs said that its earnings declined by 40 per cent in the third quarter as trading revenues weakened
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Goldman Sachs quarterly profits fall 40%
Preliminary discussions among investment bankers and private equity firms about how they might structure an acquisition of Yahoo has prompted the lagging internet company to retain Goldman Sachs for a possible defense
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Takeover bids put Yahoo on guard
Sentiment on Goldman Sachs and Morgan Stanley has turned bearish with analysts’ estimates for the companies’ third-quarter earnings plunging amid a slump in trading activities
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Wall Street downbeat on bank earnings
Lloyd Blankfein, chief executive of Goldman Sachs, has issued a clear warning that the bank could shift its operations around the world if regulatory crackdown on the industry becomes too tough
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Goldman warns Europe on regulation
Goldman Sachs launched the biggest advertising campaign in its history in an attempt to improve its reputation with the US public by highlighting its role in job creation and economic growth
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Goldman in ad blitz to repair reputation
With every passing month, more and more people live paycheck to paycheck. The proof is easy to find. Just start Watching Wal-Mart at Midnight[Said] Bill Simon, CEO of Wal-Mart’s U.S. business, at a Goldman Sachs conference last week, on behavior at a Walmart store around midnight at the end of a month: “The paycheck cycle we’ve talked about before remains extreme. It is our responsibility to figure out how to sell in that environment, adjusting pack sizes, large pack at sizes the beginning of …
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Shopping Patterns Show When the Government Checks Come In
Moneycontrol.com Goldman Sachs the Wall Street giant has been fined $27m Jabber Lounge … the Wall Street giant has been fined $27m by the FSA, the fine has come to light for failing to tell the FSA they were under investigation for fraud by … Fixing Wall Street : Tougher regulation overdue Salt Lake Tribune Goldman Sachs: Bullies On The Block The Business Insider How Goldman Makes (and Unmakes) Its Partners New York Times (blog) TMCnet all 65 news articles
Jim O’Neill, the Goldman Sachs chief economist, has been named chairman of the bank’s asset management division, a role where he will help oversee its $802bn of assets
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O’Neill to chair Goldman’s asset management arm
Goldman Sachs poaches one of UBS’s senior bankers in London, dealing a blow to the Swiss bank’s corporate broking franchise
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Goldman Sachs hires top UBS corporate broker
Goldman Sachs’ largest investor slashed its stake by more than half in the last quarter as the bank contended with civil fraud charges by US securities regulators and brutal market conditions that crimped its results
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Axa reduces stake in Goldman
New York Times In Case of Emergency: What Not to Do New York Times (blog) And the Wall Street icon Goldman Sachs, an elite player in the white-collar-and-suspenders set, found itself derided in Rolling Stone as “a great vampire … Toyota, BP offer lessons in corporate crisis management Post-Bulletin all 8 news articles
Goldman: A Self-Analysis Likely to Surprise New York Times (blog) Goldman Sachs has been at the vanguard of Wall Street firms in accepting the realities of the marketplace. During the crisis, Lloyd C. Blankfein, … and more
Goldman Sachs Group on Friday said several top company officials, including chairman and chief executive Lloyd Blankfein, exercised stock options this week and obtained millions of dollars of profits by selling the resulting shares, regulatory filings show.
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Goldman CEO and others get millions from options
Goldman Sachs and Morgan Stanley each suffered at least 10 days of trading losses in the second quarter, underlining how turbulent markets have cast a pall on Wall Street since April
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Wall St turbulence hits big US banks
CBC.ca Goldman Sachs' dumb ban on curse words Salon Goldman Sachs employees will no longer be allowed to swear via e-mail, texts or Twitter, reports the Wall Street Journal. … Goldman Sachs banning bad words in e-mails NECN Goldman Sachs bans employees from using swear words in e-mails, texts and … New York Daily News Bankers slap a ban on email expletives Montreal Gazette CBS MoneyWatch.com (blog)
With Goldman Sachs’ skirmish with the US Securities and Exchange Commission now behind it and a clearer roadmap to regulatory reform before it, investors can now shift their focus back to the bank’s business
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Goldman finds itself at crossroads
MiamiHerald.com SEC chairman says more post-crisis cases in pipeline Reuters The SEC last week secured the record fine from a single Wall Street firm from Goldman Sachs over government charges that the banking titan committed fraud … SEC chief points to stepped-up enforcement The Associated Press SEC Chief Points To Revamped Agency CBS2 Chicago SEC Pursuing More Cases Tied to Financial Crisis New York Times (blog) IMarketnews.com
MiamiHerald.com SEC chief points to stepped-up enforcement The Associated Press Her comments also are coming after the agency agreed to let Wall Street giant Goldman Sachs pay $550 million to settle civil fraud charges. … Excerpt:SEC's Schapiro Outlines Ways SEC To Improve Oversight IMarketnews.com all 335 news articles
CBC.ca US stock index futures down; Goldman results eyed Reuters Futures for the S&P 500 SPc1, Dow Jones DJc1 and Nasdaq NDc1 were down 0.2 to 0.3 percent at 0900 GMT, pointing to a lower open on Wall Street on Tuesday. … Stocks Can't Shake IBM Sales Miss TheStreet.com Market Updates: Goldman Sachs Group (NYSE:GS), IBM (NYSE:IBM), Harley-Davidson … Jutia Group US open: Stocks tumble as earnings disappoint MoneyWeek Jakarta Globe
Findtut Nerd riot averted Business Standard Wall Street summer: Wall Street can now officially start its summer. Goldman Sachs has settled with the Securities and Exchange Commission over fraud … Wall Street : Short measures Financial Times US FINANCE BILL LACKS POWER TO CURB WALL ST. Real News Network JPMorgan Tops Q2 Views As Credit Trends Improve and Goldman Will Settle SEC … Financial News USA (press release) Findtut
ABC Online The Generals Who Ended Goldman's War New York Times Mr. Khuzami, a former in-house counsel at Deutsche Bank, was well-versed in the inner workings of Wall Street deal-making. In the end, Goldman decided to … Convictions From Crisis Hard Wall Street Journal New Evidence Strengthens Wall Street Suit Huffington Post (blog) Raymond J. Learsy: The Goldman Sachs Settlement, the Wall Street Journal … Investing Contrarian The Guardian
The lifting of two of the biggest clouds hanging over the financial sector – uncertainty over Washington’s new rules for Wall Street and a high-profile regulatory action against Goldman Sachs – failed to revive US banking stocks
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Relief fails to lift bank stocks
Wall Street Pit (blog) Tracing a line from Dodd-Frank to Goldman Sachs Los Angeles Times So should telling Wall Street firms that they can't create products that are designed to fail for some customers in order to benefit others. … SEC deal lifts cloud off Goldman GulfNews all 20 news articles
Markets hate uncertainty, and this week two of the great uncertainties that have hovered over Wall Street for months — the SEC case against Goldman Sachs and the final shape of the financial reform bill — were finally resolved
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US bank results worry investors
Kansas City Star Other Banks Could Pay Over Similar Housing Bets Wall Street Journal For the rest of Wall Street , the $550 million settlement between Goldman Sachs and the Securities and Exchange Commission means that the … With Settlement, Blankfein Keeps His Grip New York Times Goldman Sachs to pay out more than $550M to settle securities fraud suit New York Daily News Goldman Sachs to pay record $550M to settle subprime fraud charges USA Today NewsHour
Goldman Sachs agreed to pay a lower-than-expected $550m fine to settle US regulators’ accusations it misled investors in a mortgage-backed security – a move that ends the highest profile regulatory case since the end of the crisis
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Goldman Sachs settles with SEC
Goldman Sachs’ $550m settlement with the US Securities & Exchange Commission marks the steepest penalty ever doled out by the regulator against Wall Street
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Penalty could have been much worse
Stocks on Wall Street stumble, seven-day rally ends National Business Review … and Senate passed new sweeping banking regulation laws, and US authorities settled the Goldman Sachs fraud case after it made a $US550 million payment. … and more
Bobsguide (press release) Goldman, SEC have discussed broad settlement -WSJ Reuters … to simultaneously resolve the fraud lawsuit against Goldman and some of the agency's probes of Goldman's mortgage department, the Wall Street Journal … Goldman Sachs (GS), SEC Settlement Talks Heat Up StreetInsider.com (subscription) Goldman, SEC Have Spoken On Possible Settlement: WSJ Stock Markets Review Good a$ goldman New York Post New York Times (blog)