Search Results for: Goldman Sachs Group
Goldman Sachs Pays $272M to Settle Suit Over Mortgage-Backed Securities
August 14th, 2015
Goldman Sachs Group Inc. will pay $272 million to settle a lawsuit that claimed the Wall Street bank defrauded investors about the safety of about $6 billion of residential mortgage-backed securities they bought in 2007 and 2008. The settlement ...
Citigroup’s ‘Bad Bank’ Isn’t So Bad Anymore
August 13th, 2015
Citi Holdings, the ‘bad bank’ Citigroup created to dispose of unwanted assets, has become a surprise success story Citi Holdings was born to be bad. But it is getting better with age. The “bad-bank” unit of Citigroup Inc., Citi Holdings for more ...
Goldman tentatively agrees to pay $270 million to settle lawsuit by investors
August 4th, 2015
Goldman Sachs Group Inc has tentatively agreed to pay about $270 million to settle a lawsuit by investors, according to a source familiar with the matter. Pension funds led by NECA-IBEW Health & Welfare Fund of Illinois accused the ...
Noble Group Denies Repos Use, Slams Iceberg as Not Credible
June 17th, 2015
Asia’s largest commodity trader Noble Group Ltd. took on its critics today with an open letter defending its accounting methods and valuations of a coal asset. Noble has seen its shares drop more than 40 percent since a group ...
Citigroup Hires Deutsche Bank’s Hayashi for Japan Markets
June 3rd, 2015
Citigroup Inc., the third-largest U.S. bank by assets, hired Kuniyoshi Hayashi from Deutsche Bank AG to head its Japanese markets and securities division. Hayashi will join Citigroup Global Markets Japan Inc. on Aug. 11 as a managing director and ...
Citigroup Closes Exclusive Credit Program Following Swiss Franc Losses
May 14th, 2015
‘Alternative Credit Program’ clients were fast-tracked through less intensive version of bank’s normal credit checks Citigroup Inc. has closed down a little-known program that allowed a small group of coveted clients to make high-stakes bets on currency markets without going through ...
BG Group agrees to £45bn takeover by Royal Dutch Shell in oil mega-merger
April 8th, 2015
Oil giant Royal Dutch Shell is to announce a takeover of BG Group today, in a deal valuing gas producer BG at around £45bn. Shell is expected to pay a premium of around 50 per cent on BG’s shares, which closed up ...
Goldman Overtakes JPMorgan in Commodities After Mercuria Sale
March 27th, 2015
Goldman Sachs Group Inc. earned back its place as the largest bank by commodities revenue after JPMorgan Chase & Co. sold its physical raw-materials business. JPMorgan, which made the most money from commodities among the top 10 investment banks ...
Citibank Sues Two Former Goldman Sachs Partners Over $29 Million Swiss Franc Margin Call
March 19th, 2015
The sharp and unexpected rise of the Swiss franc in January resulted in big losses for hedge funds, investment banks and other currency speculators, even causing some hedge funds to shut down. Now, there is a lawsuit over a ...
Citigroup, Barclays Close to Settling Forex Lawsuit With Private Investors
March 18th, 2015
Citigroup Inc. and Barclays PLC are expected to pay as much as $800 million combined to settle a lawsuit with investors who say the banks manipulated foreign-exchange rates, according to people close to the situation. The expected settlements would ...
