Several banks including Goldman Sachs have shown an interest in buying American International Group Inc's complex and troubled assets tied to the insurer's bailout, the Wall Street Journal said, citing people familiar with the matter.
The Goldman Sachs resignation letter heard around the world has increased pressure on U.S. regulators to quickly put in place a tough version of the Volcker rule, that forces Wall Street to stop betting aggressively for its own bottom line.
The Securities and Exchange Commission Thursday released a new economic analysis that will be used to justify a critical final rule that will determine which companies will face new regulations of their derivatives trading.
James Whittaker, a Microsoft executive who recently left Google after about three years, posted his Why I Left Google tell-all on a Microsoft blog a day before Greg Smith had his scathing Goldman Sachs op-ed posted in the New York Times. The Smith op-ed has taken the Internet and news world by storm in the first 24 hours since being posted. A London based executive director for the investment banking giant Goldman Sachs, Smith fired off a searing report March 14 on the company's toxic and des...
The retirement letter from Goldman Sachs Executive Director Greg Smith, which was published as an op-ed in the New York Times on Tuesday, has been the talk of the town and likely reason the company lost market value on Wednesday.
Greg Smith was a principled and competitive student, the kind of person whose strong sense of right and wrong probably pushed him to resign from Goldman Sachs in a scathing letter to an international newspaper, his former teacher and coach said.
James Whittaker, former Google employee, spouted off in a blog post on Tuesday entitled Why I Left Google, saying its social media efforts with Google +, for which he was the head of the engineering team, have been a failure threatened by competition with Facebook.
Whenever any event occurs, it seems like the Japanese create a short animated, albeit ridiculous, video about the subject. And of course, they even found a way to animate Greg Smith's op-ed about Goldman Sachs.
Why did Greg Smith's resignation letter go viral on the Internet?
Labels like liberal and conservative have become so over-used that I frankly must admit I have no idea what they even mean anymore.
The shares of Goldman Sachs dropped 3.4 percent in New York trading Wednesday, wiping $2.15 billion off its market value following allegations made by a former company executive that the firm took little interest in the clients and was also involved in exploiting them.
India's Finance Minister Pranab Mukherjee will present the budget to the Parliament on March 16 at a time when there has been a considerable worsening in the government's finances.
Greg Smith did not choose the subtle approach for his exit from Goldman Sachs, where he had worked for 12 years. Instead, Greg Smith decided to post his resignation letter in The New York Times for the entire world to read. The resignation letter, entitled "Why I am Leaving Goldman Sachs," included scathing commentary on the "toxic" environment at the bank, its lack of "moral fiber" and the "muppets" who work there.
Whatever buzz came from the post-FOMC statement and catapulted stocks up on Tuesday turned into a hush Wednesday afternoon. Equities started strong but ended with a whimper.
In the wake of the resignation of Goldman Sachs employee Greg Smith, The Daily Mash reports, in an exclusive interview, that the leader of the Galactic Empire, Darth Vader, will step down as leader of the most evil army in the galaxy.
Stocks mostly edged lower on Tuesday, with the S&P 500 pulling back after nearing 1,400 as investors found little reason to extend the previous day's rally on the Federal Reserve's comments on the economy and the banking sector.
The resignation letter printed as an op-ed in The New York Times on Wednesday by Greg Smith, a London-based executive director for Goldman Sachs that oversees equity derivatives, has stirred up a lot of trouble for the firm. Smith claimed that the environment now is as toxic and destructive as I have ever seen it. This upset is far from the first for the firm. Goldman Sachs has been involved in a string of controversies ranging from involvement with Greek debt to insider trading.
This morning The New York Times published a brutally honest account from former Goldman Sach’s employee Greg Smith, who quit the established firm today. Smith criticized the company for its loss of culture, deeming it as an environment that is “as toxic and destructive as I have ever seen it.”
The Twitter-verse was abuzz with the New York Times op-ed in which a Goldman Sachs employee vents about his company and reasons for leaving.
Greg Smith, a.k.a. the modern-day Jerry Maguire, quit his job on Wednesday. This wouldn't be news if Smith weren't an executive director for Goldman Sachs, and nobody would have batted an eyelash if didn't publicly blast his company in a New York Times op-ed. But he was. And he did.
In a resignation letter published in the New York Times, Greg Smith said he was disgusted at how the Wall Street firm valued making money from clients over trying to help them. But Goldman and its chief executive said the ex-executive's criticisms weren't reflective of the firm.
Facebook filed for an IPO on Feb. 1 but has since amended its registration document twice. Here are four important things to know about the world's biggest social media company.