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Goldman MD says Tourre didn’t disclose Paulson role

Pointing The Finger

The Goldman Sachs employee who ran the firm’s mortgage correlation trading desk testified that Fabrice Tourre failed to tell investors about the role of Paulson & Co. in the deal at the center of the U.S. Securities and Exchange Commission’s fraud case against him.

C Suisse Sued, Barclays Sheikh gone


Credit Suisse was sued for more than $350m by entities of Highland Capital Management LP who claim it marketed loans for high-end residential communities including the Yellowstone Club in Montana based on unreasonable and deceptive appraisals.