Search results
Results from the WOW.Com Content Network
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 ...
The U.S. government did not announce any plans to assist with any possible financial crisis that emerged at Lehman. [15] On September 10, Lehman announced a loss of $3.9 billion and their intent to sell off a majority stake in their investment-management business, which included Neuberger Berman. [16] [17] The stock slid 7% that day. [17] [18]
Finally, they show that the unscrupulous trading techniques at the banks led to "dramatic losses in the case of Deutsche Bank and undisclosed conflicts of interest in the case of Goldman Sachs." The Report found that the investment banks were "the driving force" [ 13 ] behind the risk-laden CDO and RMBS market's expansion in the U.S. financial ...
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 ...
The Federal Reserve and Federal Deposit Insurance Corporation determined that there was a "shortcoming" in the plans submitted in 2023 by JPMorgan Chase , Bank of America , Goldman Sachs , and ...
For premium support please call: 800-290-4726 more ways to reach us
First quarter of 2009: For the first quarter of 2009, the annualized rate of decline in GDP was 14.4% in Germany, 15.2% in Japan, 7.4% in the UK, 18% in Latvia, [190] 9.8% in the Euro area and 21.5% for Mexico. [35] April 2, 2009: Unrest over economic policy and bonuses paid to bankers resulted in the 2009 G20 London summit protests.
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 ...