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Retired GOP senator goes to work for Goldman Sachs
WASHINGTON – Former Republican Sen. Judd Gregg of New Hampshire, who retired this January, has been hired as an international adviser to Goldman Sachs. “Judd Gregg’s experience and insight will contribute significantly to our firm and our continuing focus on supporting economic growth,” said Goldman’s chairman and CEO Lloyd Blankfein…
Salary triples for Goldman CEO Blankfein
WASHINGTON — US banking powerhouse Goldman Sachs said Friday it was more than tripling the salary of chief executive Lloyd Blankfein to $2 million in 2011 from $600,000 last year. The four other top executives of Wall Street’s premier investment bank will also see their basic salaries triple from the…
Goldman Sachs bars US clients from Facebook share sale
NEW YORK — Citing “intense media coverage,” Goldman Sachs said on Monday it was excluding US clients from a private offering of shares in Facebook expected to raise as much as $1.5 billion. “Goldman Sachs originally intended to conduct a private placement in the US and offshore to investors interested…
Goldman deal ‘values Facebook at $50 billion’
Facebook has raised 500 million euros from US investment bank Goldman Sachs and a Russian investor that values the popular social networking site at 50 billion dollars, the New York Times reported on Monday. The investment puts the value of Facebook at higher than fellow Internet companies eBay and Yahoo!,…
Largest-ever insider trading probe targets Goldman Sachs
NEW YORK — Insider-trading charges are being prepared against a vast network of consultants and traders across the US financial industry in a years-long probe that a report suggests will reveal a pervasive culture of backroom dealing. The investigation could be the largest insider-trading probe in US history, The Wall…
Goldman Sachs accused of ‘systemic’ sexual discrimination
NEW YORK — Goldman Sachs was on Wednesday accused of sexual discrimination against three former employees, who charged the global investment bank of using systematic practices against women. The three former employees filed a lawsuit in the New York federal court which accused Goldman Sachs of “engaging in a pattern…
Goldman Sachs profits fall 82 percent
NEW YORK (AFP) – Investment giant Goldman Sachs on Tuesday said its profits fell 82 percent in the second quarter of the year against the same period last year. Reporting net earnings of 613 million dollars, Chief Executive officer Lloyd Blankfein said the business environment had become tougher for the…
Goldman Sachs subpoenaed for failing to cooperate with finance probe
WASHINGTON  A high profile panel investigating the causes of the financial crisis announced Monday it had subpoenaed Goldman Sachs for failing to cooperate with the probe. “The Financial Crisis Inquiry Commission has issued a subpoena to Goldman Sachs & Co. for failing to comply with a request for documents…
Goldman Sachs sold $250 million of BP stock before spill
Firm’s stock sale nearly twice as large as any other institution; Represented 44 percent of total BP investment The brokerage firm that’s faced the most scrutiny from regulators in the past year over the shorting of mortgage related securities seems to have had good timing when it came to something…
Docs show Goldman willing to bet against own clients
Documents released at a Senate hearing into Goldman Sachs’ role in the financial crisis show the firm strategizing on how to bet against its clients’ investments. The revelations came during a chaotic hearing of the Senate Permanent Subcommittee on Investigations, which on Tuesday heard from a number of Goldman executives…
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