Goldman Sachs Group Inc. (GS) - NYSE
  • Apr. 27, 2010, 6:56 PM
    Goldman Sachs (GS) CFO David Viniar unintentionally drew peals of laughter at today's hearing when, questioned about an email that described 'crappy' mortgage assets sold by his firm, he responded, "I think that's very unfortunate to have on email." He quickly amended his statement: "I think it's very unfortunate for anyone to have said that in any form."
    | Apr. 27, 2010, 6:56 PM | 3 Comments
  • Apr. 27, 2010, 10:58 AM
    Goldman Sachs (GS +2.6%) has the worst-performing corporate bonds from a benchmark offering this year, with its 5.375% bonds due in 2020 falling 3.9 cents on the dollar since issuance - down 5.18 cents since the SEC filed fraud charges against the bank.
    | Apr. 27, 2010, 10:58 AM | 1 Comment
  • Apr. 27, 2010, 10:13 AM
    Goldman's (GS +0.6%) Lloyd Blankfein and Fabrice Tourre mount a defense in front of angry lawmakers. Watch the hearing live here.
    | Apr. 27, 2010, 10:13 AM | 3 Comments
  • Apr. 27, 2010, 9:20 AM

    Goldman Sachs (GS) is pouring resources into a PR war aimed at taking the tarnish off its reputation.

    | Apr. 27, 2010, 9:20 AM | 5 Comments
  • Apr. 27, 2010, 9:15 AM
    Market Preview: Futures suggest a weak open, with benchmark S&P -0.5% as heavy losses in Asia and Europe are compounded by continued concerns over Greece, Goldman Sachs (GS -1.1%) and financial reform. Today's jam-packed calendar, including testimony by Goldman's Lloyd Blankfein and Fabrice Tourre, will give investors plenty to chew over.
    | Apr. 27, 2010, 9:15 AM
  • Apr. 27, 2010, 8:53 AM
    Goldman's (GS) Fabrice Tourre will testify that the Abacus deal wasn't built to fail. "I deny — categorically — the SEC's allegation. And I will defend myself in court against this false claim."
    | Apr. 27, 2010, 8:53 AM | 1 Comment
  • Apr. 27, 2010, 7:33 AM

    While Lloyd Blankfein prepares to defend Goldman's (GS) actions, lawmakers are gearing up to attack, alleging the firm misled investors, made billions of dollars at their expense and did so in not one but a series of complex deals. The hearing could have repercussions for the broader financial sector.

    | Apr. 27, 2010, 7:33 AM | 1 Comment
  • Apr. 27, 2010, 7:15 AM
    Goldman (GS) CEO Lloyd Blankfein and trader du jour Fabrice Tourre will testify before lawmakers this morning. Blankfein plans to say the firm didn't consistently short the housing market and didn't bet against its own clients.
    | Apr. 27, 2010, 7:15 AM
  • Apr. 26, 2010, 4:40 PM

    Lloyd Blankfein will tell a Senate hearing tomorrow that Goldman Sachs (GS) did not have a "massive short" against the housing market and "certainly did not bet against our clients." (list of witnesses providing testimony)

    | Apr. 26, 2010, 4:40 PM | 2 Comments
  • Apr. 26, 2010, 3:42 PM
    Deutsche Bank (DB +1.7%) sold Paulson-selected CDOs to IKB similar to those that have landed Goldman Sachs (GS -3.2%) in hot water, reports The Atlantic. "Deutsche's view was, you're all big boys, you do your own research. Here is what's in the security - you choose if you want it or not. IKB knew exactly what they were buying," said a Deutsche Bank trader who sold CDOs.
    | Apr. 26, 2010, 3:42 PM | 16 Comments
  • Apr. 26, 2010, 3:11 PM
    It was a question of when, not if, but the shareholder lawsuits against Goldman Sachs (GS) have begun.
    | Apr. 26, 2010, 3:11 PM | 2 Comments
  • Apr. 26, 2010, 10:49 AM
    We don't know whether the SEC or Goldman Sachs (GS) will win if the case alleging fraud goes to trial, John Dorfman says, but he knows one thing: Investors should buy Goldman either way. Remember Exxon's (XOM) devastating oil spill - and the 1,000% return in the 21 years since.
    | Apr. 26, 2010, 10:49 AM | 10 Comments
  • Apr. 26, 2010, 10:35 AM
    "The issue... is not the specific transaction. The issue is why did they pick on Goldman (GS)," Dick Bove says, pointing out that Bank of America (BAC) and JPMorgan Chase (JPM) were larger players in the CDO market. Bove says Goldman needs new leaders but still views the stock as a buying opportunity.
    | Apr. 26, 2010, 10:35 AM | 18 Comments
  • Apr. 26, 2010, 8:26 AM

    Goldman Sachs (GS) says lawmakers "cherry-picked" four emails from almost 20M pages of documents to make it seem like the firm profited by betting against the housing market. Goldman, which released internal documents to back up its claims, says the firm's short positions simply meant it lost less money than it otherwise would have.

    | Apr. 26, 2010, 8:26 AM | 4 Comments
  • Apr. 24, 2010, 5:20 PM

    A government watchdog plans to investigate the SEC's lawsuit against Goldman Sachs (GS), says Inspector General David Kotz. "We need to understand what led to the decision to announce or bring the case on [April 16]."

    | Apr. 24, 2010, 5:20 PM | 22 Comments
  • Apr. 24, 2010, 3:37 PM
    AIG (AIG) better brace itself. Sources say the insurer may be on the hook to cover the legal fees of Goldman Sachs (GS) executives after selling them so-called Side A directors and officers’ coverage.
    | Apr. 24, 2010, 3:37 PM | 1 Comment
Company Description
The Goldman Sachs Group, Inc. is global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. The... More
Sector: Financial
Industry: Diversified Investments
Country: United States