Almost three years ago, when Goldman Sachs paid $550m to settle fraud accusations by the Securities and Exchange Commission, one of the claims was that Goldman misled the bond-insurer ACA Financial Guaranty in a horribly complex deal named Abacus.
Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide. It has offices in every major financial center.
Register for Financial Markets News Alerts
Trending Goldman Sachs Stories
John Thornton, the former boss of Goldman Sachs, is resigning as a non-executive director of HSBC before the bank's annual general meeting on Friday, citing his "expanded responsibilities" at other businesses where he has senior roles.
The Church of England has accused Barclays of having 'repeatedly let down society' and called for a 'fundamental turnround' in the bank’s culture, in its annual investment report published on Wednesday
Former Goldman Sachs director Rajat Gupta is set to ask a federal appeals court in New York Tuesday to overturn his insider-trading conviction by arguing the U.S. shouldn’t have been allowed to use evidence from wiretapped phone calls that didn’t involve him.
Goldman Sachs ended a seven-year investment in Industrial & Commercial Bank of China by selling a $1.1bn stake in the world’s largest lender by market value, a person familiar with the matter said.