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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 ...
October: SEC effectively suspends net capital rule for five firms—Goldman Sachs, Merrill Lynch, Lehman Brothers, Bear Stearns and Morgan Stanley. Freed from government imposed limits on the debt they can assume, they levered up 20, 30 and even 40 to 1, buying massive amounts of mortgage-backed securities and other risky investments. [100]
In March 2015, the legal case against Goldman Sachs, JPMorgan Chase, Glencore, the two investment banks' warehousing businesses, and the London Metal Exchange in various combinations – of violating U.S. anti-trust laws, was dismissed by United States District Court for the Southern District of New York Judge Katherine B. Forrest in Manhattan ...
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 ...
Goldman Sachs (GS) has been accused in the media of playing both sides of a transaction for its own benefit, such as structuring and selling junk securities and then buying insurance on them from ...
He became a partner at the law firm, then resigned in 1992 to become a general counsel at the legal team, based in London, of Goldman Sachs. [11] Palm was made a member of Goldman Sach's management committee in 1999. [12] After the 2007–2008 financial crisis, he was paid $38.3 million by the company to purchase stakes. [13]
Goldman Sachs Group Inc may need to boost its legal reserves by as much as $1 billion to prepare for potential penalties related to its dealings with the Malaysian sovereign wealth fund 1MDB ...