Tag: GS

• Friday, May 14th 2010 - 04:05 UTC

  US Looking into Possible Banks-Credit Rating Agencies Collusion

  

  Eight banks are facing a US investigation into the rating of their mortgage products, the BBC understands. New York Attorney General Andrew Cuomo is looking at whether the relationship between the banks and credit rating agencies was manipulated to gain better ratings for risky securities.

• Wednesday, April 28th 2010 - 03:18 UTC

  Delayed Planned Bailout Forcing Greece Closer to Technical Default

  

  Shares across the globe fell sharply after German chancellor Angela Merkel said bond investors in Greece may have to take a hit even if a bail-out is agreed. With Merkel facing increased domestic opposition to the planned bailout and with elections imminent she has been talking tough, demanding Greece pay higher interest on any money it borrows than was originally agreed.

• Tuesday, April 27th 2010 - 22:06 UTC

  US Senate Claims Goldman Sachs Knowingly Profited from Mortgage Collapse

  

  The chairman of an inquiry into the causes of United States' financial meltdown has attacked the role of Goldman Sachs. Senator Carl Levin spoke of the reckless greed that infected Wall Street's financial community.

• Monday, April 26th 2010 - 05:24 UTC

  Goldman Sachs Incriminating E-mails Surface in US Senate Investigation

  

  Investment bank Goldman Sachs executives boasted about the money the bank was making while the US housing market was collapsing in 2007, released company e-mails show.

• Wednesday, April 21st 2010 - 02:55 UTC

  Goldman Sachs earnings double; UK launches formal probe into fraud allegations

  

  Goldman Sachs Group Inc said first-quarter earnings nearly doubled, while in London Britain's financial regulator launched a formal probe related to civil fraud allegations against the Wall Street bank.