Former Goldman Sachs Group Inc. trader Matthew Taylor was sentenced to nine months in prison for concealing an unauthorized $8.3 billion trading position in 2007 that caused the bank to lose $118 million.
The Rubicon Project Inc., an online- advertising company that reaches more U.S. Web users than Google Inc.’s ad network, picked Morgan Stanley and Goldman Sachs Group Inc. to lead its initial public offering, according to people with knowledge of the plans.
The bankers are in New York, the exchange is in London and the aluminum is stored mostly around Detroit. The buyers of the metal suing over allegations of price manipulation are scattered across the U.S.
Accounting firms would have to disclose the name of the partner in charge of a public-company audit as well as all outside firms that worked on the report under a proposal approved by the industry’s regulator.
Goldman Sachs Group Inc., the Wall Street firm with the biggest revenue decline last quarter, said its currency trading business didn’t incur a loss in the period as the bank sought to clarify a figure in a regulatory filing.
Goldman Sachs Group Inc. lost at least nine managing directors in Brazil this year as revenue from investment banking falls and trading and wealth-management fees increase, four people familiar with the matter said.