ECB denies claims stress test scenarios were not severe enough
Rumours of big losses in Goldman's equity derivatives business are borne out as second-quarter profits drop 83%.
Goldman pays $550 million to settle charges of misleading customers on Abacus CDO
As the dust settles on the World Cup and those that bought televisions on the basis that their national football team would win the tournament wonder how to match their rash expenditure with reality, Richard Jory reviews the copious research supporting...
Asian demand for commodities continues to be insatiable. Alex Davis looks at how western investment banks are looking to take advantage of the opportunities presented by the growth
Bloomberg risk specialist Attilo Meucci has joined Bob Litterman and two ex-Goldman Sachs colleagues at a new hedge fund.
The US Securities and Exchange Commission filed a lawsuit against Goldman Sachs in April, alleging it had misled clients by not disclosing that a major hedge fund had helped select the underlying assets in a collateralised debt obligation and was planning...
SEC civil action could prompt deluge of shareholder actions
Bank's systems fail to comply with US regulations to control naked shorting
Excessive risk-taking was a major cause of the recent meltdown in the financial markets. Time, then, for corporate governance to return in force
The US Securities and Exchange Commission’s lawsuit against Goldman Sachs for allegedly misleading clients has provoked widespread vilification of the bank. But is it reasonable to expect ethical conduct by investment banks to extend beyond legal compliance?
Despite growing risk aversion in the credit markets, behind the scenes dealers are working on new issues of collateralised debt obligations.
Goldman Sachs fraud allegations show portfolio managers credit selection interests are often not aligned with benefiting CDO note-holders, say lawyers.
Goldman takes the commodity derivatives crown
Secrets and lies
The positive sentiment caused by good Q1 results has faded as sovereign woes and the Goldman Sachs lawsuit weighed heavily on credit investors.
Editor Victoria Tozer-Pennington reviews the op risk events from the month that range from volcanic ash clouds to civil fraud.