Ex-Goldman trader guilty in $118m scandal

A former trader with US banking giant Goldman Sachs has pleaded guilty after being arrested on criminal charges of fraud.

• Goldman to pay fine to settle charges
• Goldman banker slams 'rip-off' culture
• The Goldman debate

Goldman earnings soar on revenue gains

Goldman Sachs's fourth-quarter earnings nearly tripled, driven by stock gains and bond values and lower compensation expenses.

• Goldman sells ICBC shares
• Goldman to pay fine to settle charges
• The Goldman debate

Goldman sells ICBC shares

Goldman Sachs has sold $2.3bn worth of ICBC stock to Temasek.

• ICBC boasts $7bn in African investments
• ICBC to pay R4bn for Standard's assets
• Standard to sell Argentine bank - report

A lesson from Goldman

Jack and Suzy Welch on why a firm's culture matters.

• Goldman letter deepens banks’ trust deficit
• Greg Smith principled - teacher
• Goldman battles fallout on 'toxic' culture
• Goldman banker slams 'rip-off' culture
• Goldman director didn't profit - lawyer
• European client pans Goldman

Greg Smith principled - teacher

Greg Smith was a principled student, the kind of person whose strong sense of right and wrong probably pushed him to resign from Goldman Sachs, a former teacher says.

• Goldman battles fallout on 'toxic' culture
• Goldman banker slams 'rip-off' culture
• Goldman's Q4 profit plunges

Goldman banker slams 'rip-off' culture

A Goldman Sachs banker has sharply criticised the bank as "toxic and destructive" in an article in the New York Times announcing his resignation.

• Goldman's Q4 profit plunges
• Goldman adviser defends Islamic bond scheme
• Goldman Sachs posts deeper Q3 loss

Vodafone in UK tax probe

A UK public spending watchdog is to hire outsiders to examine corporate tax settlements in inquiries into investment bank Goldman Sachs and mobile group Vodafone.

• Vodafone gets emerging markets boost
• Vodafone surprises with bullish outlook
• UK firms warned over 'corrosive' top pay

Goldman slumps as CEO retains lawyer

US banking giant Goldman Sachs says its top executive has retained a lawyer in connection with a senate probe into the mortgage meltdown and global crisis.

• Goldman Sachs posts steep profit loss
• Investments into Facebook spark probe
• EU probe targets global banks
• Goldman Sachs: Strong rand a boon
• Goldman hit with a £17.5m fine
• Documents detail $4bn in Goldman payouts

Wall Street falls on inflation fears

US stocks have slipped after an unexpected rise in jobless claims and concerns about higher inflation overseas pushed investors toward defensive stocks.

• US stocks rise after retail sales
• Wall St flat as deal news offsets China
• Wall St up on earnings bets, M&A hopes
• Stocks edge lower as US govt shutdown looms
• Wall St flat amid strong resistance
• Wall St hits new 2011 high

Goldman Sachs posts steep profit loss

US investment bank Goldman Sachs says fourth-quarter profit dropped 52% amid falling revenue, dragging down full-year 2010 earnings by 38% from a year ago.

• Documents detail $4bn in Goldman payouts
• Goldman Sachs profits fall 82%
• US starts probe into Goldman
• Goldman Sachs hits back
• Goldman reports huge profits
• Goldman hit with a £17.5m fine

Facebook coining it: report

Facebook has raised $500m from investment bank Goldman Sachs and a Russian firm in a deal that values the social-networking site at $50bn, reports The New York Times.

• Facebook tried to buy Twitter in '08
• Facebook swats bug that disabled accounts
• Twitter CEO steps down
• Facebook spreads web influence

Goldman hit with a £17.5m fine

Britain's financial watchdog slapped a £17.5m fine on Goldman Sachs for inadequate disclosure of a US probe into the Wall Street powerhouse.

• Documents detail $4bn in Goldman payouts
• Wall Street probe widens
• Goldman Sachs profits fall 82%
• Australia hedge fund sues Goldman
• US starts probe into Goldman
• Goldman Sachs hits back

JSE ekes out gains in erratic trade

The JSE has ended an erratic session slightly higher, recovering from worse levels as investors took disappointing earnings from Goldman Sachs in their stride.

• Positive global mood spurs JSE on
• JSE tumbles as Hypo fails stress test
• JSE fluctuation ends in loss
• JSE recoups losses, ignores Ireland news
• Negative global sentiment hits JSE
• Goldman Sachs profits fall 82%

Australia hedge fund sues Goldman

The manager of an Australian hedge fund is suing US investment bank Goldman Sachs for more than $1bn over a bad product it claims made it bankrupt.

• Wall Street probe widens
• US starts probe into Goldman
• Goldman Sachs hits back
• UK regulator probes Goldman
• Goldman reports huge profits
• AIG considers action on Goldman

Punishment time

INVESTORS TURNED their backs on some of the big guns over the past week. Among those suddenly to fall out of favour are Warren Buffett’s Berkshire Hathaway, giant Australian mining company BHP Billiton and my favourite, British American Tobacco (BAT). And the Americans have no inclination to pay heed to Goldman Sachs CEO Lloyd Blankfein’s “I didn’t know” – giving that share price a good beating at one stage. In brief, it looks as if the old investment advice “Sell in May and go away” will again

Goldman Sachs hits back

A Goldman Sachs trading executive has challenged the US government's fraud allegations against the company and himself.