Goldman Sachs | featured news

The Securities and Exchange Commission dropped its civil administrative proceeding against former Goldman Sachs director Rajat Gupta, saying it was "in the public interest" to dismiss it.

The Wall Street powerhouse forecasts fiscal gloom in 2012 — which could help Republicans win back the White House.

Goldman Sachs Group Inc could release documents to counter a Senate subcommittee report that said the bank misled clients about mortgage-linked securities, the Wall Street Journal reported, citing people familiar with the matter.

Goldman Sachs Group received a subpoena from New York prosecutors seeking information on the investment bank's role leading into the global financial crisis, a person familiar with the matter said.

A discarded laptop found in the garbage has turned out to be a treasure trove of new information about the only lawsuit the SEC has brought over Wall Street’s mortgage debacle.

Goldman Sachs’ first-quarter income fell 72 percent after the bank paid out $1.64 billion in dividends to redeem preferred shares it issued to billionaire investor Warren Buffett during the financial crisis.

Groupon is expected to pick Goldman Sachs and Morgan Stanley as its two lead underwriters for an IPO planned later this year. The IPO is expected to value the Chicago company at between $15 billion and $20 billion, these people said. The valuation could change depending on market conditions at the time of the IPO.

Goldman Sachs designed, marketed and sold collateralized debt obligations that misled investors and created conflicts of interest as the company built short positions before the U.S. housing market collapsed, a Senate panel said in its report on the financial crisis.

A former Goldman Sachs Group Inc director has been charged by a U.S. regulator with leaking inside information to Galleon Group founder Raj Rajaratnam.

Goldman Sachs Group Inc posted a 53 percent decline in quarterly profit on Wednesday, in part reflecting lower results in fixed-income trading.