Rumours of big losses in Goldman's equity derivatives business are borne out as second-quarter profits drop 83%.
Reverse convertibles, the staple of the US structured product market, are once again in the ascendant, while the number of products in the latest issuance has also crept back up to more normal levels....
Goldman pays $550 million to settle charges of misleading customers on Abacus CDO
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Issuance has shifted back to reverse convertibles, mainly issued by JP Morgan, which has been a growing presence in the market in recent offerings. Two of its products are based on the stocks of large...
Bloomberg risk specialist Attilo Meucci has joined Bob Litterman and two ex-Goldman Sachs colleagues at a new hedge fund.
SEC civil action could prompt deluge of shareholder actions
Bank's systems fail to comply with US regulations to control naked shorting
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 ...
Goldman Sachs fraud allegations show portfolio managers credit selection interests are often not aligned with benefiting CDO note-holders, say lawyers.
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