Goldman Sachs Chief Executive Lloyd Blankfein said he has not thought about resigning amid accusations the firm helped inflate the housing bubble and then made billions off the market's collapse.
U.S. stock index futures rose on Wednesday, following a steep sell-off in the previous session, as investors awaited the Federal Reserve's interest rate decision and a statement on the economy.
The masters of the universe were forced down to earth on Tuesday.
The masters of the universe were forced down to earth on Tuesday.
The masters of the universe were forced down to earth on Tuesday.
Goldman Sachs CEO Lloyd Blankfein faced a blistering cross-examination from U.S. lawmakers over why the investment banks' sales team felt they could sell securities to clients while believing they were crap and betting against them.
Goldman Sachs executives tried to fend off accusations they inflated the housing bubble, sold clients shi**y deals and made billions off the market's collapse, in a high stakes Senate hearing.
Lower level Goldman Sachs executives tried to fend off accusations they inflated the housing bubble, sold clients shitty deals and made billions off the market's collapse, in a high stakes Senate hearing.
Goldman Sachs executives tried to fend off accusations they inflated the housing bubble, sold clients shi**y deals and made billions off the market's collapse, in a high stakes Senate hearing.
U.S. stocks tumbled on Tuesday as downgrades of Greece and Portugal fueled fear about euro-zone economic stability, and a grilling of Goldman Sachs on Capitol Hill heightened the possibility of financial reform.
U.S. stocks fell on Tuesday as downgrades of Greek and Portuguese debt reignited fears of defaults in the euro zone, while a grilling for Goldman Sachs on Capitol Hill raised the specter of tough financial reform.
U.S. stocks tumbled on high volume on Tuesday as investors shunned risk after the credit ratings for both Greece and Portugal were downgraded.
Deutsche Bank faces a U.S. class-action lawsuit over mortgage-related securities it helped arrange, Germany's biggest lender said in its first-quarter report.
Goldman Sachs executives strove to fend off accusations they helped inflate the housing bubble and then made billions off of its collapse, in a high-stakes Senate hearing that shined a harsh spotlight on the powerful investment bank's trading practices.
Goldman Sachs Group Inc's Fabrice Tourre, accused of creating a product that led to a U.S. Securities and Exchange Commission civil fraud lawsuit, on Tuesday denied the regulator's charges and allegations that he or the bank misled investors.
U.S. stocks were little changed on Tuesday as strong earnings offset German demands for new austerity measures from Greece that prompted more worries over shaky Greek debt.
U.S. stock index futures pointed to a lower open on Tuesday after Germany demanded new austerity measures from Greece, prompting worries over Greek debt, although strong earnings reports limited losses in the Dow.
Deutsche Bank delivered record investment bank earnings and European peers Lloyds and Swedbank swung to surprise profits on Tuesday as an economic recovery picked up to aid the embattled industry.
The most sweeping overhaul of U.S. banking rules since the Great Depression stumbled in the Senate on Monday as Republicans united to prevent action on the bill.
Goldman Sachs Group Inc will want a judgment based on 'merits and facts' in the fraud case against it rather than popular opinion that it is an 'evil empire', a senior lawyer from the firm that represents it said on Monday.
Goldman Sach's bond trader Fabrice Tourre has plenty to worry about, being accused of fraud by the Securities and Exchange Commission. But his amorous emails made public in the case may have him losing even more sleep at night.
Goldman Sachs Group Inc chief executive Lloyd Blankfein, in written testimony prepared for a Senate hearing on Tuesday, said his firm did not have a massive short against the housing market and certainly did not bet against our clients.
