United States

Goldman Sachs Group Inc (GS)

GS on New York Consolidated

2 Dec 2016
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$-3.27 (-1.44%)
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Latest Key Developments (Source: Significant Developments)

Goldman Sachs Asset said to consider Australia equities unit Sale- Bloomberg
Tuesday, 17 May 2016 08:01pm EDT 

: Goldman Sachs Asset Management reviewing options including sale or management buyout for its Australian equities business- Bloomberg, citing source . Goldman Sachs Asset Management is considering exiting its Australian equities business- Bloomberg, citing source Source (http://bloom.bg/1TmsXBz) (Bengaluru Newsroom) (((+91 80 6749-1130; within U.S. +1 646 223 8780);)).  Full Article

Goldman Sachs selling 6 mln shares of Walgreens at $77.65 for top ten holder - CNBC
Monday, 16 May 2016 06:07pm EDT 

: Goldman Sachs Group selling 6 mln shares of Walgreens at $77.65 for top ten holder - CNBC citing source Further company coverage: [GS.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Goldman Sachs, Jefferies pause buying LendingClub loans- CNBC, citing DJ
Tuesday, 10 May 2016 01:58pm EDT 

: Goldman Sachs & Jefferies pause buying LendingClub loans in response to CEO ouster yesterday; length of delay not clear - CNBC, citing Dow Jones ] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Goldman Sachs announces commencement of tender offer to buy all of $2.25 bln of its 5.625 pct subordinated notes due 2017
Monday, 9 May 2016 10:44am EDT 

Goldman Sachs Group Inc :Commencement of tender offer to buy for cash any and all of outstanding $2.25 billion amount of its 5.625 pct subordinated notes due 2017.  Full Article

Goldman Sachs says on April 11, co reached definitive agreement with residential mortgage-backed securities working group of U.S Financial fraud enforcement task force
Friday, 6 May 2016 08:10am EDT 

Goldman Sachs : Says on april 11, co reached definitive agreement with residential mortgage-backed securities working group of u.s. Financial fraud enforcement task force . Says the definitive agreement was to resolve its ongoing investigations . Says agreement resolved actual and potential civil claims by u.s. Doj, the attorney general’s offices for the states of california, illinois and new york . Agreement also resolved actual and potential civil claims by national credit union administration and federal home loan banks of chicago and des moines . Agreement related to co's securitization, underwriting and sale of residential mortgage-backed securities from 2005 to 2007 .Co has received subpoenas and is engaged in discussions with other regulators as part of inquiries or investigations relating to mortgage-related matters.  Full Article

Goldman Sachs Group Inc probed in alleged Treasury rig - NY Post - Reuters News
Sunday, 20 Mar 2016 11:29pm EDT 

Goldman Sachs Group Inc:Washington’s probe into the alleged rigging of the $13 trillion US Treasurys market by Wall Street banks has narrowed its focus to a handful of firms — including Goldman Sachs, The Post has learned - NY Post.In addition, European authorities have opened up their own investigation into possible Treasurys bid-rigging, sources said.Investigators in the fraud division of the Justice Department have obtained chats and e-mails from Goldman that appear to implicate the company in manipulating the price of Treasury bonds, according to two sources familiar with the investigation.Those chats and e-mails are being analyzed to determine if traders at other banks could be involved with any possible bid-rigging of US government debt, those two people said.The identities of any traders in investigators’ cross-hairs couldn’t be learned. Goldman is said to be cooperating with the probe, one person said.In June, The Post reported exclusively that Justice was in the early stages of investigating banks for rigging the price of Treasurys, the largest and most easily tradable asset in the world.Goldman is one of about 22 financial institutions that have been probed for any evidence that they may have manipulated Treasury auctions — a secretive process where banks and other financial services companies bid on the price of government debt, sources said.  Full Article

Goldman Sachs Group Inc - Goldman banker Leissner quit after violating company rule-source - Reuters News
Monday, 7 Mar 2016 04:49pm EST 

Goldman Sachs Group Inc:Goldman Sachs' Southeast Asia chairman, Tim Leissner, resigned last month after he had allegedly violated the firm's internal rules, a person familiar with the matter said on Tuesday, confirming a Wall Street Journal report.Leissner, who took over the role in mid-2014, had helped arrange the sale of U.S. dollar bonds for Malaysian state investor 1Malaysia Development Bhd (1MDB), currently at the centre of judicial investigations in multiple jurisdictions, sources told Reuters in February.Earlier on Tuesday, the Wall Street Journal reported that Leissner, who had been placed on leave since January, quit after a review of his emails found that he had allegedly​ sent an unauthorized reference letter on behalf of an individual to another financial firm in 2015.The source confirmed the details in the report. A Goldman Sachs spokeswoman declined to comment on Leissner.Leissner himself did not respond to a request for comment. The source declined to be named due to the legal sensitivities of the matter.In a separate report, Bloomberg said Leissner had been subpoenaed by the U.S. Justice Department in a money laundering probe linked to 1MDB. Leissner was issued the subpoena in late February, Bloomberg reported, citing people briefed on the matter.There was no immediate response from 1MDB when asked about Leissner.  Full Article

Goldman Sachs Group Inc - U.S. Treasury auction-rigging lawsuits assigned to New York judge - Reuters
Tuesday, 8 Dec 2015 06:48pm EST 

Goldman Sachs Group Inc:25 civil securities and antitrust class action cases alleging that big banks are rigging U.S. Treasury auctions will be heard by a federal judge in New York's Southern District, according to a court filing on Tuesday - RTRS.The U.S. Judicial Panel on Multidistrict Litigation, which is responsible for consolidating related lawsuits, said U.S. District Judge Paul G. Gardephe will preside over the case - RTRS.The pending class action against banks and brokerages that act as primary dealers, such as Goldman Sachs, Barclays & Deutsche Bank comes as the U.S. government is conducting a separate early-stage probe into the same activity - RTRS.The U.S. Justice Department and the Commodity Futures Trading Commission both sent banks requests for documents in the late summer, one of those people told Reuters - RTRS.The New York Department of Financial Services has sent similar inquiries concerning the Treasury auction process to the banks it oversees, two other people told Reuters - RTRS.A precise list of the banks who received inquiries from the DOJ and CFTC could not be immediately determined.- RTRS.A total of 22 banks serve as primary dealers in the government debt marketplace.The class action lawsuits allege that the banks have colluded to manipulate Treasury Department auctions and the pricing of Treasury securities as well as derivative products such as futures, whose value is pegged to the Treasury. - RTRS.  Full Article

Goldman Sachs Group Inc - Ex-N.Y. Fed employee pleads guilty over Goldman leaks - Reuters
Wednesday, 4 Nov 2015 04:35pm EST 

Goldman Sachs Group Inc:An ex-employee of the Federal Reserve Bank of New York pleaded guilty on Wednesday to the theft of confidential information that he admitted to leaking to a former colleague working at Goldman Sachs Group Inc - RTRS.Jason Gross, 37, entered the plea to a misdemeanor charge of theft of government property, days after Goldman Sachs reached a related $50 million settlement with the New York Department of Financial Services - RTRS.In court, Gross admitted to providing confidential information to Rohit Bansal, his former supervisor at the Federal Reserve Bank of New York who had left to work at Goldman Sachs - RTRS.Goldman has said that after discovering Bansal obtained the confidential supervisory information, it notified regulators and fired him and a more senior employee who failed to escalate the issue, according to the bank. The New York Fed also fired Gross - RTRS.As part of its $50 million settlement announced on Oct. 28, Goldman admitted to failing to supervise for banking law violations - RTRS.The bank also agreed to a three-year ban on accepting new consulting work that requires regulators to authorize disclosing confidential information - RTRS.Goldman additionally agreed to implement reforms to help ensure it complies with revolving-door restrictions and prevents the improper use of confidential regulatory information - RTRS.  Full Article

Goldman Sachs Group Inc - DoJ, CFTC probe banks on govt debt auctions - WSJ - Reuters
Tuesday, 3 Nov 2015 10:15pm EST 

Goldman Sachs Group Inc:U.S. prosecutors and the commodities regulator have asked some banks to provide information in connection with a broad probe into whether their traders rigged auctions on government debt, the Wall Street Journal reported, citing people familiar with the matter - RTRS.THe prosecutors at the Fraud Section at the Justice Department and investigators at the Commodity Futures Trading Commission (CFTC) sent the requests to many of the banks that serve as primary dealers - RTRS.which are authorized to deal directly with the government on the sale of Treasury bonds, the newspaper reported - RTRS.The list of primary dealers includes Goldman Sachs Group Inc GS.N, as well as other Wall Street banks and many of their European and Asian counterparts - RTRS.There are 22 primary dealers, but it is not clear whether all of those firms received the requests, the paper said - RTRS.The involvement of the CFTC suggests investigators are examining futures trading that occurs ahead of and around Treasury auctions - RTRS.However, it is not clear why the DoJ's Fraud Section is taking the lead on the inquiry, but indicates prosecutors are focused on allegations of manipulation, rather than collusion, the newspaper said - RTRS.  Full Article


Trump considering Goldman Sachs COO Cohn for energy secretary: Fox Business Network

U.S. President-elect Donald Trump is considering Goldman Sachs Group President and Chief Operating Officer Gary Cohn for energy secretary, Fox Business Network reported on Thursday, citing unnamed sources.