Goldman Sachs News

Investment gurus, pundits, and especially the media watch Warren Buffett, chairman and CEO of Berkshire Hathaway, like a hawk in the hopes of learning his strategies and perhaps achieving a similar stature.

Lloyd Blankfein just confirmed what we already suspected: The worst financial crisis since the Great Depression was good for Goldman Sachs.

In an otherwise routine shareholder meeting in Salt Lake City, Goldman Sachs on Thursday released a report detailing actions the Wall Street firm has taken to improve its business practices after a series of embarrassing missteps that stained its reputation in the aftermath of the financial crisis.

During the crash of 2008 and 2009, when stocks and bonds were at one point tanking in tandem, some commentators lamented the fact that only the wealthiest retirement savers had access to the kinds of protective strategies that hedge funds use.

Without admitting or denying wrongdoing, Neil Morrison, 38, accepted what the SEC said was the first industry ban for violating "pay-to-play" rules governing the $3.7 trillion municipal bond market.

Goldman Sachs Group Inc. linked bonuses and promotions to employees' success in protecting the firm's reputation and put new restrictions on some client transactions to avoid a repeat of the damage to its standing in the wake of the financial crisis.

After dozens of meetings with executives and regulators, 100,000 hours of employee training and an immeasurable amount of public grief, Goldman Sachs CEO Lloyd Blankfein is claiming a victory in getting his bank, and his legacy, back on track.

Canaccord Genuity joins Goldman Sachs in predicting that the Standard & Poor's 500 Index will continue to climb for at least two more years.

Big bank Goldman Sachs holds its annual shareholder meeting Thursday. Five years ago, during the financial crisis, Goldman's CEO Lloyd Blankfein was a poster boy for overpaid executives.

Bond investors don't perceive the six biggest U.S. banks as "too big to fail," according to a report from one of those lenders, Goldman Sachs Group Inc.

The Financial Industry Regulatory Authority's CEO Richard Ketchum said the regulator would consider a proposal this July, that would require brokers to disclose their bonuses to clients.

A group of investment firms including Citadel Securities LLC sued the Chicago Board Options Exchange Inc and four other exchanges on Wednesday for improper charges on millions of options trades over a seven-year period.

The Class A Ordinary Shares are expected to begin trading on or about May 27, 2013 on the New York Stock Exchange under the symbol "CSTM" and on NYSE Euronext Paris under the symbol "CSTM". The offering is expected to close on or about May 29, 2013, subject to customary closing conditions.

While recent national surveys show U.S. students haven't stepped up their knowledge of economics since the 2007 financial crisis, the "Millennial" generation at least had a first-hand view of the perils of leverage.

Actress, author and activist Mariel Hemingway came to Sacramento to promote a film about her family, Barbara Kopple's "Running From Crazy," which was produced by Oprah Winfrey.

The fund limits its exposures to individual issuers at 5% of the fund's assets. The fund limits its exposure to individual repurchase agreement counterparties to 25% of their total assets for those repurchase agreements fully collateralized by U.S. Treasury and government securities.

OREM, Utah-The fact that Goldman Sachs and The Beekman Group are NorthStar Alarm Services' new equity partners is a "vote of confidence" in that summer sales company, according to Henry Edmonds, president of The Edmonds Group, which facilitated the transaction.

Hedge funds' returns have stayed "lackluster" this year, with the $2.3 trillion industry trailing the gains of the Standard & Poor's 500 Index by about 10 percentage points, according to Goldman Sachs Group Inc.

A Goldman Sachs sign is seen over the company's trading stall on the floor at the New York Stock Exchange, in this March 21, 2013, file photo.

So it's certainly a change that the returns on the investment Wall Street is currently trying to sell to individual investors have stunk lately.