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The legal sparring between Goldman Sachs and the unsecured creditors of the Bayou Group escalated late Wednesday, when the creditors asked a federal court to uphold a big award against the firm and remove seal that has been placed on the case. In June, Goldman was ordered to pay $20.6 million, the largest arbitration award [...]

GlaxoSmithKline, the British pharmaceutical giant, said on Wednesday that Simon Dingemans, head of the European M.&A. business at Goldman Sachs, would become its new chief financial officer. Mr. Dingemans has been an adviser to a number of major companies on deals, including BHP Billiton and Macquarie. He was was previously head of investment banking in [...]

John L. Thornton, the former co-president of Goldman Sachs, is considered to be among the possible leading candidates. to replace Stephen Green as chairman of HSBC Mr. Thornton joined the board of HSBC in 2008, when he was also appointed non-executive chairman of the bank’s North American subsidiary. His resume, with his wide network of [...]

The best-known — or, conversely, most infamous — investment bank proprietary trading desk is apparently on its way to being wound down. Goldman Sachs is closing its Principal Strategies group, which trades using the firm’s own money, Bloomberg News reported Friday, citing unnamed sources. The reason? The much-discussed “Volcker Rule,” which aims to limit banks’ [...]

The best-known — or, conversely, most infamous — investment bank proprietary trading desk is apparently on its way to being wound down. Goldman Sachs is closing its Principal Strategies group, which trades using the firm’s own money, Bloomberg News reported Friday, citing unnamed sources. The reason? The much-discussed “Volcker Rule,” which aims to limit banks’ [...]

Basis Capital, an Australian hedge fund suing Goldman Sachs for $1 billion over losses related to credit default swaps, made the deal in Australia and can’t sue in the United States, Goldman Sachs has said. Bloomberg News reports that Basis never contends it “did anything within the United States in relation to the transaction,” Goldman [...]