Tag:
Currency
Latest Headlines
Latest Headlines
Typo costs Goldman Sachs $45 million
A cautionary reminder about the value of a legitimate editorial review of contracts and other important documents: In February Goldman Sachs ( NYSE:GS ) issued four warrants tied to Japan's Nikkei index, according to The Economist .The deal was described in separate regulatory filings which c
Goldman Sachs' currency trade recommendations go awry
Goldman Sachs ( NYSE: GS ) has been left with some egg on its face for currency trade recommendations that turned out to be losers. Goldman's recommendation to buy the zloty against the Japanese yen lost 15.6 percent, while its stated conviction that the pound would gain against the New Zealand
Bond market vigilantes punish countries too
A decade or so ago, people took the view that currency-speculating hedge funds were ruining countries by betting against on-the-ropes countries. Some leaders of targeted countries lashed out with very bitter words, calling them "immoral." These days, as Business Week notes, the vigilantes are
California sues State Street
"This is just the latest example of how clever financial traders violate laws and rip off the public trust," says the California attorney general. He's referring specifically to State Street, whom the state has just sued to recover $200 million in overcharges and penalties stemming from allegedly
