Chip East/ReutersSergey Aleynikov, a former programmer for Goldman Sachs, has begun trial on charges that he stole trading code from the firm. Is Sergey Aleynikov an evil computer scientist who brazenly stole valuable, closely guarded trading code from Goldman Sachs, his former employer? Or is he a humble Russian immigrant who, upon leaving his programming [...]
Goldman Sachs reaped more than $75 million in trading revenue on 31 separate days in the third quarter, an impressive showing, but down from previous quarters this year. The firm disclosed on Tuesday in a filing with the Securities and Exchange Commission that its daily trading revenue dipped into the red on just two days [...]
The Gartmore Group, the British asset management company, said on Monday that it had hired Goldman Sachs to advise it on a possible sale or merger, as Roger Guy became the latest top manager to leave the embattled firm. Shares in Gartmore plunged 15.8 percent, to 106 pence, after it announced that it had engaged [...]
Goldman Sachs is considering a £300 million ($480 million) takeover of Paternoster, a pension business put up for sale this summer, according to press reports. The investment bank is considering a deal that would see Goldman merge Paternoster with its existing pensions buyout business, Rothesday Life, City A.M. said. The news was also reported by [...]
In 50 years, Lloyd Blankfein will be 106 years old — and Goldman Sachs’s new bond issue will mature. Goldman sold $1.3 billion of 50-year senior notes on Tuesday, priced to yield 6.125 percent, reports IFR, a service of Thomson Reuters. The offering was increased from $250 million. The notes are non-callable for five years [...]
Correction Appended By SUSANNE CRAIG Friday, 6:50 p.m. | Updated “Did Sam Israel come to the dinner? Has Bayou ramped it up yet?” asked a top Goldman Sachs executive in a 2004 e-mail. The executive, Duncan L. Niederauer, now head of the New York Stock Exchange, was writing to make sure that Goldman would keep [...]
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