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Goldman Sachs’ profit jumps 58 percent as trading revenue surges

October 18, 2016 by · Leave a Comment 

(Reuters) – Goldman Sachs Group Inc reported a 57.9 percent rise in quarterly profit on Tuesday as trading revenue surged.

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Goldman Sachs’ profit jumps 58 percent as trading revenue surges

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Transcripts of Clinton’s Wall Street talks released in new Wikileaks dump

October 16, 2016 by · Leave a Comment 

The documents showed comments by Clinton during question-and-answer sessions with Goldman Sachs Chief Executive Lloyd Blankfein and Tim O'Neill, the bank's head of investment management, at three separate events in 2013 in Arizona, New York and South Carolina. Some excerpts of Clinton's speeches had already been released.

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Transcripts of Clinton’s Wall Street talks released in new Wikileaks dump

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Oil prices down on profit-taking after two-day jump

September 30, 2016 by · Leave a Comment 

Oil prices dropped on Friday on profit-taking, after rising 7 percent in the past two sessions, amid doubts that OPEC's first planned output cut in eight years would make a substantial dent in the global crude glut. NYMEX crude for November delivery was down 8 cents at $47.75. Both Brent and NYMEX

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Oil prices down on profit-taking after two-day jump

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Judge takes over questioning ex-AIG chief Hank Greenberg

September 30, 2016 by · Leave a Comment 

The New York judge weighing whether ex-AIG chief Maurice “Hank” Greenberg should be liable for accounting fraud on Thursday pressed the 91-year-old executive about why AIG had created an offshore entity for losses from a failed automotive warranty program. Greenberg was on the stand for the third day for allegedly engineering the offshore entity, known as Capco, to hide $200 million in underwriting losses from shareholders. The transaction is one of two at the heart of a 2005 case against…

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Judge takes over questioning ex-AIG chief Hank Greenberg

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Goldman feels the heat in Asia as IPO engine slows

September 30, 2016 by · Leave a Comment 

By Denny Thomas and Sumeet Chatterjee HONG KONG (Reuters) – Goldman Sachs failed to make it to the upper echelon of Asia's equity market fee earners for the first time in more than a decade, hit by a squeeze in fees that is prompting the U.S. bank to cut back jobs in the region. Goldman has shared dominance of the Asia Pacific equity capital market arena with UBS and Morgan Stanley since clinching the mandate for China's first privatisation in 1997.

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Goldman feels the heat in Asia as IPO engine slows

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Goldman seeks to force ex-employee in Fed leak case to arbitrate

August 19, 2016 by · Leave a Comment 

Goldman Sachs Group Inc filed a lawsuit on Thursday seeking to force a former managing director to arbitrate his claim for legal fees stemming from probes into his alleged use of confidential …

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Goldman seeks to force ex-employee in Fed leak case to arbitrate

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U.S. authorities subpoena Goldman in 1MDB probe: WSJ

July 31, 2016 by · Leave a Comment 

Goldman received the subpoenas earlier this year from the U.S. Department of Justice (DoJ) and the Securities and Exchange Commission (SEC), the Journal reported, citing a person familiar with the matter. The authorities also want to interview current and former Goldman employees in connection with the inquiries, but none of those meetings had occurred by Friday, WSJ said. The Department of Justice and the SEC

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U.S. authorities subpoena Goldman in 1MDB probe: WSJ

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Renewed oil weakness sparks demand fears

July 26, 2016 by · Leave a Comment 

U.S. oil prices topped $50 a barrel in June, boosting optimism a two-year price rout might end. Mounting fears that demand has fallen short of expectations as production increases and rig counts rise has analysts believing that any oil price recovery may be a year or more in the future.

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Renewed oil weakness sparks demand fears

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Fed prepares action against Goldman over NY Fed leak: NYT

July 26, 2016 by · Leave a Comment 

The U.S. Federal Reserve is preparing an enforcement action against Goldman Sachs Group Inc related to a leak of confidential government information to one of its employees, the New …

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Fed prepares action against Goldman over NY Fed leak: NYT

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Goldman Sachs to invest $184 million in Brazil storage company: executive

July 23, 2016 by · Leave a Comment 

Goldman Sachs Group Inc will invest 600 million reais ($184 million) in Brazilian storage company Metrofit over the next 6 years, betting on a recovery from the harshest recession since the 1930s, a company executive said on Friday. Metrofit, founded in 2012, is a joint venture between Brazilian real estate company TRX and U.S. company Metro Self Storage. The self storage business is growing in Brazil, despite the recession.

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Goldman Sachs to invest $184 million in Brazil storage company: executive

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