GOLDMAN SACHS

IBTimes Logo

Goldman Sachs shares rise on settlement rumor

Goldman Sachs Group Inc shares rose as much as 4.5 percent on Friday morning on rumors of a possible settlement with U.S. regulators and a feeling that the stock could be oversold.
IBTimes Logo

Troubled Chicago bank wins high-powered backers

A troubled Chicago community bank with a philanthropic reputation has won uncommon Wall Street backing to save it from a government takeover, while similarly sized rivals flounder and fail.
More news
IBTimes Logo

Goldman joins effort to rescue Chicago bank

Goldman Sachs Group Inc and a consortium of other top banks are part of an effort to save ShoreBank Corp, a Chicago bank with Washington ties, a community activist close to the institution said on Friday.
IBTimes Logo

Goldman committee to review firm's conflicts

Goldman Sachs Group Inc said it is setting up an internal committee to look at how the company deals with potential conflicts of interest and how it can better disclose what it does.
IBTimes Logo

Criminal probe targets 6 Wall Street firms: source

Prosecutors are conducting a broad criminal investigation of six major Wall Street banks, including JPMorgan Chase & Co and Citigroup Inc, to determine if they misled investors, a person familiar with the matter said on Thursday.
IBTimes Logo

Bank probes expanding with new investigation

U.S. authorities are expanding their probes of past mortgage securities deals, with New York's attorney general opening an investigation into whether eight banks misled rating agencies, a source familiar with the matter said.
IBTimes Logo

More banks drawn into Wall Street probes

Five U.S. banks and four European lenders are being investigated by U.S. authorities, as they widen their probe of the role of banks in past mortgage securities deals, according to news reports.
IBTimes Logo

NY attorney general investigating eight banks: report

The New York attorney general has begun an investigation into eight banks to determine whether they provided misleading information to agencies that rate mortgage securities, The New York Times reported on Thursday.
IBTimes Logo

AIG reviewing dealings with Goldman

AIG is reviewing its dealings with all its counterparties during the financial crisis, including Goldman Sachs Group Inc , to see if it was harmed, Chief Executive Robert Benmosche said on Wednesday.
IBTimes Logo

Morgan Stanley probed by Federal authorities: report

U.S. federal investigators are probing whether Morgan Stanley misled investors about mortgage derivative products it helped create and sometimes bet against, The Wall Street Journal said, citing people familiar with the matter.
IBTimes Logo

Wall St futures rise after $1 trillion EU/IMF deal

U.S. stock index futures pointed to a strong start for Wall Street on Monday, with shares set to rebound as confidence was boosted after global policymakers came up with an emergency rescue package worth around $1 trillion aimed at preventing Greece's debt crisis from spreading through the euro zone.
IBTimes Logo

Goldman plans rigorous self-examination: CEO

Goldman Sachs Group Inc , accused of fraud by the U.S. government, will undertake a rigorous self-examination, its CEO Lloyd Blankfein said at the investment bank's annual shareholder meeting on Friday.
IBTimes Logo

Goldman CEO calls for self-examination

Goldman Sachs Group Inc Chief Executive Officer Lloyd Blankfein called for the besieged company to undertake a rigorous self-examination, at the annual shareholder meeting on Friday.
IBTimes Logo

Goldman Sachs in settlement talks with SEC: report

Goldman Sachs Group Inc's lawyers are in talks with representatives of the U.S. Securities and Exchange Commission to settle the fraud charges brought against it by the regulator, the Wall Street Journal said, citing people familiar with the situation.
IBTimes Logo

Panel criticizes Bear Stearns' risk-taking

Bear Stearns' appetite for risk and lack of foresight were criticized at a hearing into the roots of the financial crisis, where former executives argued the firm's collapse was due to events beyond their control.
IBTimes Logo

Former execs paint Bear Stearns as victim

Former Bear Stearns executives said the firm became the first major victim of the financial crisis due to unfounded rumors, not because of risky exposures to mortgage-related products with free-falling values.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.