Streams

 

Goldman Sachs

Money Talking

Lehman Brothers Didn't Have to Go Bankrupt

Friday, October 03, 2014

Six years after filing for bankruptcy and igniting the financial crisis, new reporting suggests the government could have bailed out the bank and saved it. 

Comment

WNYC News

Half a Billion in Workforce Programs Is Not Working

Wednesday, April 02, 2014

WNYC

City vows to make workforce development more relevant.

Comment

Money Talking

Former Goldman Trader Found Liable for Misleading Investors in Mortgage Deal

Friday, August 02, 2013

The SEC secured a courtroom win against an employee of a Wall Street bank at the center of the financial collapse. A jury Thursday found former Goldman Sachs trader Fabrice Tourre, the self-proclaimed "Fabulous Fab," liable on six counts of fraud.

Comment

WNYC News

Goldman Sachs' Fabrice Tourre Found Liable in Mortgage Securities Fraud

Thursday, August 01, 2013

A New York City jury has found that a former Goldman Sachs trader known as "Fabulous Fab" is liable in a massive mortgage securities fraud case. 

Comment

WNYC News

Marriage Ruling May Give New York a Business Advantage Over New Jersey

Friday, June 28, 2013

Years before the Supreme Court recognized gay marriages on the federal level, many American corporations offered benefits to same-sex couples. They say it's what you have to do to attract the best talent. This means that the high court’s rulings this week may make New York a more attractive place for companies to do business.

Comments [3]

WNYC News

Ex-Banker Greg Smith: I'm Not Against Goldman Sachs

Wednesday, October 24, 2012

Greg Smith’s op-ed “Why I Am Leaving Goldman Sachs" hit a nerve and drew passionate responses from Wall Street titans — but he says the message he was sending isn’t that Wall Street is bad, but the way it does business needs to change.

Comment

The Leonard Lopate Show

Greg Smith on Why He Left Goldman Sachs

Wednesday, October 24, 2012

Greg Smith, whose Op-Ed titled "Why I Am Leaving Goldman Sachs," published in the New York Times in March, hit a nerve and drew passionate responses from former Fed chairman Paul Volcker, legendary General Electric CEO Jack Welch, and New York City mayor Mike Bloomberg, tells his story. His new book Why I Left Goldman Sachs: A Wall Street Story, picks up where his Op-Ed left off. He describes his career at Goldman, detailing how the most storied investment bank on Wall Street went from taking iconic companies like Ford, Sears, and Microsoft public to becoming a "vampire squid."

Comments [13]

Money Talking

Money Talking: What Pandit's Exit at Citigroup Says About the Future of Banks

Friday, October 19, 2012

The sudden departure of Citigroup CEO Vikram Pandit has sparked a conversation about where the bank is headed under new leadership and what it says about the so-called "too big to fail" banking behemoths.

Comment

WNYC News

Feds Seek 8 Years for Ex-Goldman Director in NY

Wednesday, October 17, 2012

The government says a former Goldman Sachs board member convicted in New York of insider trading charges should serve at least eight years in prison.

Comment

The Takeaway

No Criminal Charges for Goldman Sachs

Friday, August 10, 2012

The Wall Street bank Goldman Sachs has faced intense scrutiny for its alleged involvement in the types of dodgy mortgage deals that led to the 2008 financial crisis. But after an extensive investigation, the Justice Department has announced that won't prosecute Goldman Sachs or its employees for alleged wrongdoing.

Comments [8]

WNYC News

Government Won't Prosecute Goldman Sachs in Probe

Thursday, August 09, 2012

The U. S. Justice Department says it will not bring criminal charges against Goldman Sachs or its employees for selling investors complicated packages of mortgage-backed securities and then under-representing how risky they were.

Comments [3]

The Brian Lehrer Show

Goldman Sachs Funds Anti-Recidivism Program

Friday, August 03, 2012

New York City Deputy Mayor for Health and Human Services Linda Gibbs discusses the deal between the city and Goldman Sachs and the potential of social impact bond financing for social service programs.

Comments [15]

WNYC News

NYC, Goldman Sachs Partner Up for NYC Jail Program

Thursday, August 02, 2012

Goldman Sachs will invest almost $10 million in a new program aimed at reducing the recidivism rates of teenagers entering Rikers Island. It makes New York the first city in the nation to test "social impact bonds," which allow private investment in social service programs, which are typically funded by the government. 

Comments [8]

WNYC News

As Defense Rests in Rajat Gupta Insider Trading Trial, Goldman CEO Lloyd Blankfein Offers Business Tips

Tuesday, June 12, 2012

Goldman Sachs Chairman and CEO Lloyd Blankfein touted the big bank’s small business program on Tuesday — less than a week after appearing as a prize government witness in the insider trading trial of a former Goldman board member Rajat Gupta.

Comment

WNYC News

Goldman CEO Testifies at Ex-Board Member's Trial

Thursday, June 07, 2012

A prize government witness, Goldman Sachs chief executive Lloyd Blankfein, has resumed testifying at the New York insider trading trial of a former Goldman board member.

Comment

The Takeaway

Can Goldman Sachs Restore Its Image?

Monday, March 19, 2012

In the days since former Goldman Sachs vice president Greg Smith resigned with a scalding New York Times Op-Ed, the company's reputation has come under fire on all sides. But how fair has the criticism been? And what can Goldman do to rehabilitate its image?

Comments [1]

The Brian Lehrer Show

Goldman Sachs and Wall Street's Culture Problem

Thursday, March 15, 2012

Josh Brown, financial advisor aka The Reformed Broker, and author of Backstage Wall Street: An Insider’s Guide to Knowing Who to Trust, Who to Run From, and How to Maximize Your Investments, to discuss the ripple effect of yesterday's New York Times op-ed by Greg Smith "Why I'm Leaving Goldman Sachs".

Comments [52]

The Takeaway

Fallout from Former Goldman Sachs Employee Piece in New York Times

Thursday, March 15, 2012

Former Goldman Sachs employee Greg Smith has cost the company more than $2 billion in stock value since his op-ed piece ran in the New York Times yesterday. Smith's very public jump from the company at the top of the Wall Street food chain has raised some questions about Goldman's internal culture, it's capacity to learn lessons from past mistakes and it's ability to control its own brand.

Comments [1]

The Takeaway

Goldman Sachs Employee's Public Letter of Resignation

Thursday, March 15, 2012

When Goldman Sachs employee Greg Smith handed in his letter of resignation, he did so in the most public manner possible — by posting it in the pages of The New York Times. In his letter, the former derivatives trader described the firm's working environment as "toxic and destructive" and accused their culture of placing company profits over client interest whenever possible.

Comments [2]

WNYC News

Goldman Sachs Employee's Op-Ed Doesn’t Surprise Some

Wednesday, March 14, 2012

A Goldman Sachs employee marked his final day of work on by publicly ripping the bank for prioritizing profits over clients.

Comment