Goldman Sachs SEC

Stories 21 - 28 | << Prev 

Goldman Earnings Jump 91%
 Goldman Earnings Jump 91% 
Apr 20, 2010 6:53 AM CDT

Goldman Earnings Jump 91%

Meanwhile, British launch piggyback fraud investigation

(Newser) - Goldman Sachs earnings cruised past analysts' estimates to a whopping 91% gain in the first quarter, which might be great news if it didn't come while the bank is mired in fraud allegations. CEO Lloyd Blankfein seemed almost defensive, noting that the performance “reflects more signs of growth across...

It's Time to Stop the Looters on Wall Street
It's Time to Stop the Looters on Wall Street
Paul Krugman
Apr 19, 2010 11:43 AM CDT

It's Time to Stop the Looters on Wall Street

And financial reform is the only way to do that

(Newser) - The SEC's charges against Goldman Sachs reveal a whole new kind of fraud at work in the financial crisis, writes Paul Krugman of the New York Times . If Goldman had simply sold securities while betting they would fail, it would be “reprehensible” but not illegal. But selling securities deliberately...

Why Goldman Will Settle&mdash;and Fire Blankfein
Why Goldman Will Settle—and Fire Blankfein
Henry Blodget
Apr 19, 2010 10:31 AM CDT

Why Goldman Will Settle—and Fire Blankfein

With mob calling for blood, prolonged fight would cost too much

(Newser) - Say sayonara to Lloyd Blankfein, who will soon be ex-CEO of Goldman Sachs, predicts Henry Blodget of Business Insider . It's not that Blankfein knew about the shady hedge fund deal that's landed Goldman in trouble with the SEC, it's that “as the universal jubilation and chop-licking that greeted the...

Other Wall St. Banks as Guilty as Goldman

Many engaged in same activities SEC is now calling fraudulent

(Newser) - The SEC's fraud suit against Goldman Sachs might be just the tip of the iceberg, because other investment banks engaged in exactly the same sleight of hand, Pro Publica reports. Goldman is accused of failing to disclose that a hedge fund was both helping to create, and betting against, the...

Goldman Probe Could Go Right to the Top

Ex-employees say Blankfein oversaw the target of SEC's suit

(Newser) - Though the SEC's civil suit against Goldman Sachs only names one vice president, it may end up implicating those much, much closer to the top. The New York Times , in interviews with eight former employees, has learned that senior execs—including CEO Lloyd Blankfein—played a major role in overseeing...

Post-Madoff SEC Bites Goldman Sachs


 Post-Madoff SEC 
 Bites Goldman Sachs 
analysis
Apr 18, 2010 4:50 PM CDT

Post-Madoff SEC Bites Goldman Sachs

After Ponzi scheme debacle, regulator is back, with bigger fangs

(Newser) - Having let the Madoff scandal unfold virtually under its nose, the SEC sounded an alert with the announcement of its lawsuit charging Goldman Sachs with fraud. "The message: The SEC is back on the job," Greg Gordon writes for McClatchy . "The release is very judgmental about the...

Goldman Sachs Investor Made Billions on Housing Mess

Paulson not charged in SEC's takedown

(Newser) - As the housing market imploded, John Paulson laughed all the way to the bank, pocketing billions on his correct prediction of impending doom. But when the SEC charged Goldman Sachs yesterday with defrauding investors by not disclosing Paulson's bets against the mortgage-backed securities Goldman was peddling, one name was noticeably...

Goldman Withers in SEC Spotlight

 Goldman Withers 
 in SEC Spotlight 
OPINION roundup
Apr 16, 2010 1:14 PM CDT

Goldman Withers in SEC Spotlight

Fraud charges kneecap stock price; observers play wait-and-see

(Newser) - The SEC's civil suit against Goldman Sachs is hardly a slam-dunk, experts agree, but the scrutiny is certainly not doing the firm any good . Some reactions:
  • This "is explosive stuff," Felix Salmon blogs for Reuters . "Goldman Sachs has lost more than $10 billion in market capitalization today,
...

Stories 21 - 28 | << Prev