Goldman Sachs Group Inc. must face a shareholder class action accusing the bank of hiding conflicts of interest, including behind-the-scenes dealings with a prominent hedge fund manager, when creating risky subprime securities before the 2008 financial crisis. In a 2-1 …
A bid by Goldman Sachs Group Inc. to settle a lawsuit over how much it pays directors was rejected by a judge who said that simply making changes in corporate governance didn’t provide enough benefit to the firm. The investment …
Goldman Sachs Group Inc. says claims by a former executive that the bank retaliated against him for blowing the whistle on its failure to comply with anti-money-laundering policies should be heard outside of court or dismissed. The former executive, Chris …
Goldman Sachs Group Inc.’s asset-management unit, which oversees $250 billion for insurers, said an economic slowdown in the U.S. is the biggest investment risk for the industry for the first time since the financial crisis. “Insurers expressed a growing consensus …
Thirty-two percent of insurers plan to maintain or increase their investments in private equity in the next 12 months to boost returns, a survey of 300 executives overseeing more than $10 trillion in insurance assets showed on Tuesday. Insurers have …
President Donald Trump’s decision to isolate the U.S. on climate change triggered waves of complaints from government and business leaders around the world and handed China a golden opportunity to burnish its image as a global leader. Trump’s withdrawal from …
Goldman Sachs Group Inc., Coca-Cola Co. and 73 other companies that together buy more than $2 trillion of goods and services are unprepared for climate shocks because suppliers are ignoring requests for data on their exposure to rising temperatures and …
Former Qwest Communications International Inc. chief Joseph Nacchio won a $14.2 million insurance case verdict against a Goldman Sachs Group Inc. unit and a financial adviser who previously helped convict him of insider trading, according to a lawyer who filed …
Warren Buffett’s Berkshire Hathaway Inc. reduced its investment in Goldman Sachs Group Inc. by 13 percent during the third quarter. The billionaire investor’s Omaha, Nebraska-based firm said it owned almost 11 million shares at the end of September, the company …
This spring, traders and analysts working deep in the global swaps markets began picking up peculiar readings: Hundreds of billions of dollars of trades by U.S. banks had seemingly vanished. “We saw strange things in the data,” said Chris Barnes, …
