You didn’t really think Goldman Sachs Group Inc. would go down without a fight now did you? Of course not. So it should come as little surprise that recently Goldman has started to push back hard against its nemesis, Senator Carl Levin, Democrat of Michigan, and his narrative that the firm is the lead villain of the financial crisis.
Who is to blame for Facebook Inc.’s initial public offering? Is it Mark Zuckerberg, Facebook’s founder and chief executive officer? Someone else at the social- networking website? Morgan Stanley, the bank that led the deal? Nasdaq, which botched the stock’s early trading?
Apparently SAC Capital Advisors have "reached out to prosecutors in New York to say that SAC founder Steven Cohen is interested in settling the civil and criminal cases against him and his company" for fines in the neighborhood of $1 billion.
U.S. stocks rose, after the Standard & Poor’s 500 Index snapped an eight-day rally yesterday, as Federal Reserve Chairman Ben S. Bernanke said the central bank’s asset purchases are not on a preset course.
Raghuram G. Rajan ’s “Fault Lines,” a look at why the financial order is prone to blowing bubbles, won the Financial Times and Goldman Sachs Business Book of the Year Award , defeating Andrew Ross Sorkin and other authors on the financial crisis.