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Goldman Sachs Tower at 30 Hudson Street in Jersey City.. Goldman Sachs, an investment bank, has been the subject of controversies.The company has been criticized for lack of ethical standards, [1] [2] working with dictatorial regimes, [3] close relationships with the U.S. federal government via a "revolving door" of former employees, [4] and driving up prices of commodities through futures ...
On September 22, 2008, a revised proposal to sell the brokerage part of Lehman Brothers holdings of the deal was put before the bankruptcy court, with a $1.3666 billion (£700 million) plan for Barclays to acquire the core business of Lehman Brothers (mainly Lehman's $960 million Midtown Manhattan office skyscraper), was approved.
Yet, if the Capital Purchase Program warrants of Goldman Sachs are representative, then the Capital Purchase Program warrants were worth between $5 billion and $24 billion as of May 1, 2009. Canceling the CPP warrants thus amounts to a $5 billion to $24 billion subsidy to the banking industry at government expense. [ 91 ]
Goldman Sachs is leading the drop in US bank stocks, thanks to its deepening legal troubles in Malaysia. In the latest development, Malaysia filed criminal charges (pdf) today against subsidiaries ...
Even as news of the Securities and Exchange Commission's filing of civil fraud charges against Goldman Sachs (GS) surfaced, the Wall Street investment bank was forced to turn on the meter racking ...
After becoming a public company in August 2005, it was revealed that Phillip R. Bennett, the company's CEO and chairman, had concealed $430m of bad debts. Its underwriters were Credit Suisse First Boston, Goldman Sachs, and Bank of America Corp. The company entered Chapter 11 and Bennett was sentenced to 16 years in prison. Bear Stearns: United ...
Last quarter Citi gave a full-year revenue target of $80 billion to $81 billion, which Mason told the Goldman audience they’ll likely be on the higher end of, with expenses also expected to come ...
SEC v. Goldman Sachs & Co, civ 3229 (S.D. of NY 2010) was a civil court case in front of the United States District Court for the Southern District of New York brought by the U.S. Securities and Exchange Commission against Goldman Sachs (GS&Co) and Fabrice Tourre an employee of GS&Co relating to the ABACUS 2007-AC1 CDO.