Goldman Sachs

Former Goldman board director Rajat Gupta seeks re-trial over insider trading case

Former Goldman board director Rajat Gupta seeks re-trial over insider trading ca

Rajat Gupta, former board of director at Goldman Sachs Group, has sought re-trial over the insider trading case in which he was handed down a two-year prison term along with a $5 million fine.

On Tuesday, Gupta's lawyer Seth Waxman questioned the authenticity of the wiretap evidence that was accepted by US District Court Judge Jed Rakoff to penalize Gupta in October last year.

Goldman agrees to pay $22M to settle weekly 'huddles' charges

Goldman agrees to pay $22M to settle weekly 'huddles' charges

Investment bank Goldman Sachs has agreed to pay a hefty fine to hit a settlement with US regulators over flaws at weekly 'huddles'.

The Securities & Exchange Commission (SEC) had accused Goldman Sachs of failing to implement measures to prevent leaks from "trading huddles", where privileged hedge fund clients could have been provided access to secrets from the bank's research analysts.

Goldman Sachs neither confessed nor denied the charges, but it agreed to pay $22 million to settle charges.

Volcker Rule May Give Goldman, Citigroup until 2022 to Comply

Volcker Rule May Give Goldman, Citigroup until 2022 to Comply

Under a regulatory revamp agreed to last week Goldman Sachs Group Inc. and Citigroup Inc. are among U. S. banks that may have dozen years more time to cut stakes in in-house hedge funds and private- equity units.

Cost of insuring Goldman’s debt rises as investors lose confidence

Cost of insuring Goldman’s debt rises as investors lose confidence

According to intra day data from Markit, the cost of insuring $10 million of Goldman’s debt using five year credit default swaps is $155,500. With the capital markets calmed and Goldman prospering its credit default swaps typically cost less than those of Cites and Morgan Stanley as JP Morgan is set to have the lowest risk among large US banks. The company said the lawsuits were filed since April 22 in federal and state courts in New York.

US regulators Accuse Goldman Sachs for Fraud

US regulators Accuse Goldman Sachs for Fraud

On Friday, Goldman Sachs was charged by a US financial regulator, for cheating investors in the run-up to the 2008 economic crisis that disrupted the international economy.

The Securities and Exchange Commission (SEC) suspected that Goldman Sachs conspired with a hedge fund client, Paulson & Co, to make money out of the sub-prime housing market.

According to SEC, Goldman helped Paulson gamble against its own sub-prime mortgage-backed securities, which formed a huge part of the US housing market and the fall down of which caused Wall Street to the edge of disaster in October 2008.