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Goldman Sachs Group Inc (GS)

GS on New York Consolidated

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23 Feb 2017
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Latest Key Developments (Source: Significant Developments)

HarbourVest says Old Mutual withdraws acceptance for SVG offer
Friday, 7 Oct 2016 08:07am EDT 

HarbourVest Structured Solutions III L.P.:Notified by Old Mutual it has withdrawn letter of intent in respect of 13.7 million SVG shares representing about 8.8 pct of stake.  Full Article

SVG Capital agrees terms of portfolio sale to Goldman Sachs consortium
Thursday, 6 Oct 2016 02:03am EDT 

Svg Capital Plc : Board has agreed in principle key commercial terms of a proposed sale of 100 pct of investment portfolio to funds managed by Goldman Sachs . Board has agreed to commercial terms of proposed sale for about £748 million, which compares to a value of £802 million as at 31 July . Says approximately 1.064 billion pounds would be returned to shareholders, should sale complete on agreed terms . Expects costs associated with response to HarbourVest offer, tender offer series and wind down of co to be about £33 million . Anticipated that the shareholder meeting to consider these matters will take place in early December 2016 .Board continues to recommend that shareholders do not accept HarbourVest Bidco's offer.  Full Article

SVG Capital confirms talks with Goldman, Canada's CPPIB
Monday, 3 Oct 2016 03:06am EDT 

SVG Capital Plc : Statement regarding press comment . Board confirms that it is in detailed discussions with consortium of Goldman Sachs and Canadian Pension Plan Investment Board (CPPIB) in relation to a possible alternative transaction . Speculation around identity of a unit of Goldman Sachs and Canadian Pension Plan Investment Board as consortium members linked to a possible alternative transaction for co . Also understands that a third party referred to in announcement of Sept. 16 may be interested in considering an offer for co .Board urges shareholders to take no action with respect to offer.  Full Article

Fundation secures $100 million credit facility from Goldman Sachs
Tuesday, 23 Aug 2016 09:45am EDT 

: Fundation secures $100 million credit facility from Goldman Sachs .Fundation Group LLC says has obtained a $100 mln asset-backed credit facility from Goldman Sachs.  Full Article

SEC says ex-Goldman trader settles fraud charges over RMBS sales to customers
Tuesday, 16 Aug 2016 11:08am EDT 

Goldman Sachs : SEC says former Goldman Sachs trader settles fraud charges . SEC says edwin chin, a former head trader in rmbs, agrees to securities industry ban and to pay $400,000 . SEC accused chin of repeatedly misleading customers and causing them to pay higher prices . SEC says chin concealed prices at which goldman bought rmbs and resold them at higher prices, with goldman keeping difference . SEC says chin misleadingly told purchasers he was negotiating deals for them, rather than merely selling rmbs held in inventory . SEC says chin settled without admitting or denying findings.  Full Article

U.S. appeals court upholds dismissal of aluminum price-fixing litigation
Tuesday, 9 Aug 2016 12:04pm EDT 

: U.S. appeals court upholds dismissal of litigation accusing banks, commodity companies of conspiring to rig aluminum prices . 2nd U.S. circuit court of appeals says plaintiffs lacked antitrust standing because they did not suffer antitrust injury . 2nd circuit also says plaintiffs failed to properly allege violations of various state laws . 2nd circuit rules against so-called commercial end users and consumer end users that filed lawsuits.  Full Article

Federal Reserve Board says ordered Goldman Sachs to pay $36.3 mln over data leak
Wednesday, 3 Aug 2016 11:09am EDT 

Federal Reserve Board: Ordered Goldman Sachs to pay $36.3 million civil money penalty for unauthorized use of confidential supervisory information . Said it is instituting enforcement proceedings against Joseph Jiampietro, former managing director at Goldman Sachs . Enforcement proceedings against Joseph Jiampietro seek to impose a fine and permanently bar him from the banking industry .Also ordered Goldman Sachs group to implement enhanced program to ensure proper use of confidential supervisory information.  Full Article

Goldman sachs fined $36.3 million by FED over leaked documents - BBG
Wednesday, 3 Aug 2016 11:05am EDT 

:Goldman Sachs fined $36.3 million by Fed over leaked documents - Bloomberg.  Full Article

Goldman Sachs says notified appropriate regulators on NY Fed leak
Monday, 25 Jul 2016 05:40pm EDT 

Goldman Sachs On New York Fed Leak: "employee and a more senior employee who failed to escalate the issue, were terminated " . On discovering new junior employee obtained confidential information from ex employer,began investigation,notified appropriate regulators (Bengaluru Newsroom: +1-646-223-8780).  Full Article

U.S. Fed prepares new action against Goldman Sachs in leak case- NYT
Monday, 25 Jul 2016 04:41pm EDT 

: U.S. Fed prepares new action against Goldman Sachs in leak case- NYT, citing sources . Goldman Sachs is expected to pay a financial penalty to settle the case- NYT, citing sources Source (http://nyti.ms/2aGbSCa) (Bengaluru Newsroom: +1-646-223-8780).  Full Article

More From Around the Web

BRIEF-Goldman Sachs executive Toby Watson who was involved in bank's dealings during 1mbd has left the firm- WSJ

* Goldman Sachs executive Toby Watson who was involved in bank's dealings during 1mbd has left the firm- WSJ, citing sources Source: http://on.wsj.com/2mftaPf