Amid the fury surrounding Goldman Sachs’ deal to offer its clients shares in social media company Facebook — without the hassle of having to go through financial statements that the federal government normally would require of companies soliciting a large number of investors — The Wall Street Journal noticed some affinities between Goldman’s Read More
As investors basically trample each other, begging Goldman Sachs to please let them invest in social-networking site Facebook, Goldman is making sure to let clients know that it may cut its own stake in the company’s performance at any moment, without telling them.
Apparently it wasn’t enough for Goldman Sachs CEO Lloyd Blankfein that a bunch of hot shot architects like SHoP, Office dA and Gensler had their way with the interior of his firm’s new building. He also had to throw a gaggle of art on the walls. CNBC reports:
Lloyd was overheard bragging to Read More
After more than half a year of soul searching, Goldman Sachs has for the most part decided it likes itself just the way it is. The New York Post reports:
“[Goldman] is trying to re-dedicate itself to its core principles,” said one source familiar with the Business Standards review. “But the changes might Read More
In the wake of its $550 million settlement with the Securities and Exchange Commission this past July, should have a rough version of a navel-gazing ethics examination ready for its December board meeting, CNBC’s Kate Kelly reports.
If you’re looking for a story of redemption and reinvention to come out of this, don’t Read More
Litton Loan Servicing, Goldman Sachs’ little mortgage servicer, may be on the auction block. The Financial Times reports that a buyer approached Goldman about a potential deal, but talks soured over price. But sources also told the FT that Goldman doesn’t consider Litton Loan part of its core business.
To Goldman, Litton Loan Read More
“Fabulous” Fabrice Tourre, the Goldman Sachs trader at the center of a fraud case involving Goldman’s Abacus collateralized debt obligation, faces an additional complaint from the Securities and Exchange Commission.
Goldman Sachs has appointed 110 new partners this year. That’s the largest swelling of Goldman’s partner ranks since 2006 — certainly a remarkable achievement both for Goldman Sachs and for each individual honoree. But what does the newest class of Goldman partners say about the achievements of womankind?
Not exactly. The good people Read More
The Financial Times is reporting that Goldman Sachs has given the boot to Alexandre Harfouche, the firm’s head of European Block trading. Citing people familiar with the matter, the FT says Harfouche was let go for “failing to make proper disclosures to the bank’s compliance department.”
Goldman didn’t provide a specific explanation to the Read More
The Financial Industry Regulatory Authority today slapped extremely effective but imperfect trading operation Goldman Sachs with a $650,000 fine for failing to disclose that two of its employees, including “Fabulous” Fab Tourre, were under investigation by the Securities and Exchange Commission.