GOLDMAN SACHS

Wall Street sinks on Goldman fraud charge

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Wall Street tumbled on Friday after a slew of big company earnings failed to meet heightened expectations, while bank shares slid, led by Goldman Sachs after it was charged with fraud by the U.S. securities market regulator.

Wall Street adds losses on Goldman charges

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U.S. stocks extended losses on Friday as shares of Goldman Sachs fell after the U.S. Securities and Exchange Commission said it charged the bank with fraud over subprime-related financial products.
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Goldman Sachs director in Galleon probe: report

Prosecutors are examining whether Goldman Sachs Group director Rajat Gupta gave inside information about the Wall Street bank to Galleon Group hedge fund founder Raj Rajaratnam, the Wall Street Journal said on Thursday, citing people close to the situation.
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Goldman says did not bet against clients

Goldman Sachs Group Inc said it did not intentionally bet against securities in the mortgage market during the financial crisis, dismissing suggestions that it unfairly made money by placing bets against its clients.
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California looks into banks' role in underwriting, CDS

California's Treasurer has sent a letter to six big banks that underwrite the state's municipal bond sales, asking what the banks' role may be in also selling credit default swaps on California debt.
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Economist Johnson urges breakup of big U.S. banks

America's big banks must be broken up and their risk-taking curtailed or the world's richest economy will face another massive financial crisis, former IMF chief economist Simon Johnson says in a new book.
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Ex-VP sues Goldman over mommy track

Goldman Sachs Group Inc was sued for alleged bias by a former vice president, who said the Wall Street bank consigned her to a mommy track that led to her firing while she was on maternity leave.
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Goldman sued for putting women on mommy-track

Goldman Sachs Group Inc was sued for alleged bias by a former vice president, who said the Wall Street bank consigned her to a mommy-track that led to her firing while she was on maternity leave.
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Stock futures down; sovereign debt woes weigh

Stock index futures pointed to a lower open on Wall Street on Wednesday, with futures for the S&P 500 down 0.6 percent, Dow Jones futures down 0.3 percent and Nasdaq 100 futures down 0.4 percent.
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Obama pay czar demands more trims at bailout firms

The Obama administration's pay czar on Tuesday clamped down on 2010 pay at five U.S. firms that still depend on a government lifeline, but boasted that his burdensome restrictions are not sending talented workers fleeing for the exits.
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Obama pay czar to look back at Wall Street pay

Obama administration pay czar Kenneth Feinberg plans to review past compensation at 419 companies that received bailout funds, including JPMorgan Chase , Goldman Sachs , according to a source close to the Treasury Department.
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Goldman execs get big 2009 fund payouts

Goldman Sachs Group Inc CEO Lloyd Blankfein and other top executives, pressured by public outrage to slash their bonuses, still received tens of millions of dollars in distributions from an internal investment fund in 2009.
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Banks' fourth quarter trading revenue falls 66 percent

Trading revenue at U.S. commercial banks fell 66 percent in the fourth quarter, the Office of the Comptroller of the Currency said on Friday, as uncertainty over pending derivatives legislation added to a seasonal slowdown in trading.
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Lawmaker seeks records on Fed Board stock ownership

The head of the House of Representatives' Oversight Committee said on Friday he had asked the Federal Reserve to provide all documents relating to a rule waiver that allowed then-New York Fed Board Chairman Stephen Friedman to hold and purchase stock in Goldman Sachs Gorup .
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Wall St. flat ahead of Fed policy statement

Stocks were little changed in early trading on Tuesday ahead of a statement from the Federal Reserve on monetary policy and the state of the economy.
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Wall St. to rise ahead of Fed meeting, data supports

Wall Street was set for a slight rise at the open on Tuesday ahead of a Federal Reserve statement expected to reiterate the central bank's pledge to keep interest rates extraordinarily low.
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Author Lewis equates Wall Street bonuses with theft

Author Michael Lewis, known for exposing the culture of excess at Solomon Brothers with his book Liar's Poker, says Wall Street bonuses at banks bailed out by Washington are a very elegant form of theft.
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Greek crisis may wound southeast Europe

The Greek debt crisis is poised to undermine already dwindling investment flows into south-eastern Europe's emerging economies, adding to barriers to recovery in one of the continent's most fragile regions.
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CBOE strives to sell members on $300 mln IPO

CBOE Holdings Inc plans a $300 million public offering in a long-awaited move that could allow the biggest U.S. options exchange to expand or be acquired.
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Regulators tell banks to restrict dividends, buybacks: report

Shareholders may have to wait for months to retrieve capital after U.S. regulators told banks not to increase dividends or buy back shares amid political and economic uncertainty surrounding the financial industry, the Financial Times reported on Wednesday.

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