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Lloyd Blankfein
Latest Headlines
Latest Headlines
Daniel Mudd steps down
Confirming media reports, Daniel Mudd--the former chief of Fannie Mae who now stands accused of fraud by the SEC--has stepped down as CEO of alternatives investments giant Fortress.
In a statement for shareholders, he said, "I do not want the uncertainty associated with a leave of abs
Two more partners leave Goldman Sachs
So what’s going on at Goldman Sachs?
The gilded bank has announced that two partners in the securities division are leaving the firm after long careers. David Heller and Edward Eisler, two of four co-heads of securities trading at Goldman Sachs, spent 22 and 18 years rising to the pinnacle of
Goldman Sachs to expand in asset management
We've long suggested that Goldman Sachs CEO Lloyd Blankfein would not step down until he could do so without appearing to be pressured, either by the board or regulators. Blankfein would also like to the set the bank up for the industry's next era and put his stamp Goldman Sachs going forward.
New evidence in the MF Global scandal
We've said all along that someone who worked at MF Global knows what happened to the missing $1 billion.
We were hopeful that these employees would step forward. But when prosecutors and investigators furiously investigate in a hot-house environment, there's always a chance that scapegoats wil
Bank holiday parties on the chopping block
With the threat of layoffs hovering over everyone, there's not a lot of good cheer to go around right now.
Perhaps the investment banking unit at Commerzbank got it right by cancelling its holiday party this year. In light of the banks' recent struggles, the move was probably a good one. If yo
Jon Corzine's testimony contradicted
One of the problems about testifying before Congress is that what you say can be used against you later.
Goldman Sachs CEO Lloyd Blankfein found this out the hard way. Months after he had testified before Congress, his words came back to haunt him in the form of fairly direct accusations by se
Goldman Sachs President to be interviewed by feds
The New York Times reports that Goldman Sachs' President Gary Cohn will likely be interviewed by government lawyers in connection with their fraud charges against Rajat Gupta, the former Goldman Sachs director.
Gupta has been charged with providing material inside information to a hedge fu
Volcker Rule could be looming disaster for investors
Not too long ago, Goldman Sachs CEO Lloyd Blankfein said he was quite sure that customers of big investment banks would rise up and vociferously oppose the Volcker Rule, joining with the banks themselves in an effort to modify the controversial rule. That is now coming to pass.
The final rule
Animation: Goldman Sachs CEO vs. Occupy Wall Street protester
The rise of the internet has had one unforeseen consequence when it comes to the financial media: It has loosened it up considerably, which we regard as good thing.
The rise of blog-like news outlets has allowed reporters to act as analysts a bit more and allowed new expert voices to be heard.
Occupy Wall Street protests hitting new gear
So how worried should Wall Street executives be that the Occupy Wall Street protests will spiral out of control?
The imagery has been arresting to say the least. And there have been hints of escalation, such as the the hacking against Goldman Sachs CEO Lloyd Blankfein. Reuters note the vi
