GOLDMAN SACHS

Goldman Sachs

Goldman Sachs Cuts Jobs: Report

Goldman Sachs Group Inc has started reducing employees in the trading and investment banking divisions, it has been reported.

Apple's Cook Finally Shares $98 Billion Cache

Raindrops are seen in front of an Apple logo outside an Apple store in Shanghai February 22, 2012.
Apple Inc CEO Tim Cook, moving swiftly after taking over from late Silicon Valley icon Steve Jobs, fulfilled a longstanding desire of investors by initiating a quarterly dividend and share buyback that will pay out $45 billion over three years.
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Facebook underwriters to get 1.1 pct fee -source

Facebook will pay just a 1.1 percent fee to underwriters of its initial public offering, according to a source with knowledge of the company's plans, doling out a much slimmer than typical payout.
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Banks eye AIG toxic assets held by NY Fed: WSJ

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.
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Explosive Goldman exit fuels Volcker rule push

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.
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SEC Offers Economic Analysis For Key Swaps Rule

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.
Google homepage logos are seen on a wall at the Google campus near Venice Beach, in Los Angeles, California January 13, 2012.

Ex-Googler Does His Best Ex-Goldman Sachs Executive Impression – Says Google+ Destroying Company

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...
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Goldman banker always stuck to principles: former teacher

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.
Goldman Sachs have been fined again for trading non-public information

Goldman Sachs Loses $2.15 Billion of Its Market Value

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.
Greg Smith Goldman Sachs

Greg Smith Attacks Goldman Sachs: Is He A Hero, A Whistleblower Or Having A Midlife Crisis? [POLL]

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.
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Goldman Sachs Effect: Darth Vader Leaving Galactic Empire

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.
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Wall Street slips after rally, but Apple up again

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.
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Goldman Sachs Greg Smith Resignation: 4 Other Controversies To Hit The Firm

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.
Sign shows address of Goldman Sachs headquarters building in New York

Goldman Sachs CEO Fires Back At Disgruntled Banker

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.

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