Goldman Sachs Group Inc. ’s reputation sustained a body blow last year when the firm paid $550 million to settle a fraud claim by the Securities and Exchange Commission over its sales of a mortgage-bond deal called Abacus. The integrity of its financial statements, however, has never come under serious challenge.
James Schiro , former chief executive officer of Zurich Financial Services AG, is a candidate for the chairmanship of Prudential Plc, the Independent on Sunday said , citing unidentified people familiar with the situation.
The three directors who oversee risk at JPMorgan Chase & Co. include a museum head who sat on American International Group Inc.’s governance committee in 2008, the grandson of a billionaire and the chief executive officer of a company that makes flight controls and work boots.
Greg Palm , Goldman Sachs Group Inc. general counsel, took a call in his 37th-floor office at One New York Plaza on Dec. 16, 2008. It was his old boss, Stephen Friedman , a former Goldman chairman who was then head of the audit committee of its board of directors. Goldman’s stock was down 65 percent from its 52-week high during an accelerating global financial breakdown.