Wall Street traders, usually among the best-paid employees in the industry, may see drastic cuts in their take-home pay, Bloomberg News said.
Revenue in trading divisions has fallen by an average of 12% so far this year. Goldman Sachs (GS), which mak…
A federal judge refused a request by Fabrice Tourre of Goldman Sachs (GS) to dismiss an SEC fraud lawsuit, months after Goldman settled its part in the case for $550 million.
The lawsuit accused Goldman of creating collateralized debt obligations (CD…
Legions of investors were scared into buying bonds following the financial meltdown. Despite the meager yields offered by seemingly risk-free securities like U.S. government bonds, investor appetite was understandable. But thin…
Fault Lines: How Hidden Fractures Still Threaten the World Economy, by Raghuram G. Rajan, took home the honors at the Financial Times/Goldman Sachs business book of the year award. Keynote speaker Vartan Gregorian delivered a r…
After plunging most of Tuesday on uncertainty about Combs, Berkshire shares recovered somewhat as investors learned more about him. Combs’s Castle Point fund was seeded by former Goldman Sachs CEO Stephen Friedman’s Stone Point…