The resignation letter on the New York Times opinion page Wednesday by Goldman Sachs executive director Greg Smith is shocking.
Bill Cohan, author of 'Money and Power: How Goldman Sachs Came to Rule the World', spoke Wednesday to Bloomberg TV's Margaret Brennan, saying that 'Goldman's culture has gotten off the tracks', and that Greg Smith's career on Wall Street is 'toast' after writing an Op-Ed in today's New York Times.
Barclays has handed more than £30m in shares to eight of its top directors, including £10.7m for Jerry del Missier and £9.6m for Rich Ricci.
Goldman Sachs's New York City office hardly looked the headquarters of a company under attack Wednesday, at least on the outside.
No surprises here.
But it's not real money.
US regulator the Securities and Exchange Commission has charged two financial advisors and three others in their circle of family and friends with insider trading for more than $1.8m in illicit profits based on confidential information about a Philadelphia-based insurance holding company’s merger negotiations with a Japanese firm.
The U.S. Commodity Futures Trading Commission (CFTC) has announced that Goldman Sachs Execution & Clearing, L.P. (GSEC), a registered futures commission merchant based in New York, N.Y., agreed to pay a $5.5m civil monetary penalty and $1.5m in disgorgement to settle CFTC charges that it failed to diligently supervise accounts that it carried from about May 2007 to December 2009.
And it's Goldman Sachs.
Credit Suisse has hired Bruce Harting as a managing director in its financial institutions group, starting next month.
Barclays is hoping to make 'significant' progress this year in resolving a series of investigations into potential misconduct by its employees, its chief executive said Thursday.
A Citigroup unit and PricewaterhouseCoopers must face claims they played a part in costing investors more than $1bn in Bernard Madoff’s massive Ponzi scheme, an appeals court ruled.