We didn't think Goldman staff actually did lunch (it's for wimps, right ?), but apparently they do - or at least they would do, but are afraid to, just in case someone overhears them talking about what's going on internally at the firm.
Represntative Marcy Kaptur (D-Ohio) has sent a letter to the US Attorney General asking that the Depatment of Justice launch a criminal investigation into the Goldman Sachs / SEC fraud case which hit the headlines earlier this month.
Goldman CEO Lloyd Blankfein sent a voicemail to the firm staff after that grilling on Capital Hill Tuesday, urging them to stay focused.
Despite returning to a full-year profit for the first time in three years, Nomura is said to be making slow progress in its stated aim to become a truly global investment bank.
Bloomberg reports that President Obama spoke on the subject of financial reform Wednesday.
Here's the latest from our Highly Placed Professional.
Here's the written testimony of David A. Viniar, Executive Vice President and Chief Financial Officer, Goldman Sachs Group, Inc. before The Senate Permanent Subcommittee on Investigations Tuesday.
Here's the written testimony of Daniel L. Sparks, former Partner, Head of Mortgages Department, Goldman Sachs Group, Inc. before The Senate Permanent Subcommittee on Investigations Tuesday.
Here we rate the performance of the Goldman witnesses and some of the Senators who questioned them at Tuesday's hearings.
The Permanent Subcommittee on Investigations has scheduled a hearing, 'Wall Street and the Financial Crisis: The Role of Investment Banks', on Tuesday, April 27, 2010, at 10:00 a.m., in Room 106 of the Dirksen Senate Office Building.
Overhauling the culture of the City requires a generational shift in attitudes akin to that seen for drink-driving in recent years, according to one of the most senior regulators at the Financial Conduct Authority.
The Priory Group, the UK’s largest independent provider of mental health services, has launched its first therapy clinic in London’s financial district.
Standard Chartered has had its credit rating downgraded for the first time in 20 years, with the ratings agency Standard & Poor’s saying that the bank, which focuses on emerging markets, was going through a tough period.