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Galleon insider-trading probe widens
Widening the insider-trading probe involving Galleon hedge-fund founder Raj Rajaratnam, federal prosecutors reportedly now are examining if a Goldman Sachs board member gave inside information about...
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SEC charges Goldman with fraud
The SEC alleges Goldman Sachs defrauded investors by marketing an investment backed by sub-prime loans without telling them that a big hedge fund was on the other side betting that it would fail —...
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GOP changing tone on financial reform
On the heels of the SEC suing Goldman Sachs for fraud, key Senate Republicans are easing up on earlier harsh criticism of financial regulatory reform bills offered by the Democrats. Political science...
View ArticleCongress confronts Goldman
With senators in a confrontational mood, top executives from Goldman Sachs testified that while the investment-banking industry made mistakes, they personally did nothing wrong and rejected...
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Goldman faces criminal probe
Beleagured Wall Street giant Goldman Sachs, already sued by the SEC on securites-fraud civil charges, reportedly is now being investigated by the Department of Justice for possible criminal charges....
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Fiduciary and investment banks
On the heels of allegations that Goldman Sachs took advantage of clients during the mortgage-market collapse, Congress reportedly is considering new legal standards for investment banks when they deal...
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Morgan Stanley new Fed target
Wall Street investment bank Morgan Stanley reportedly is being investigated by federal authorities to see if it misled investors about mortage-derivatives deals it helped design and sometimes bet...
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Goldman executives questioned
The Congressionally appointed Financial Crisis Inquiry Commission exploring the 2008 crash questioned executives from Goldman Sachs, the world’s most profitable bank, about how much it makes trading...
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No more “sh***y deals” at Goldman
On the heels of Congressional hearings in which e-mails from Goldman Sachs traders told of “sh***y deals” being offered to customers, the Wall Street bank has now banned profanity in company e-mail...
View ArticleGoldman Sachs releases report on changes in business practices
Goldman Sachs has released a report which sets force changes in the way it will do business. Law professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law, sees the changes...
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