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Tag Archives: Goldman Sachs

DAVID DALLAS — Big Money, meet Bernie Sanders

Sen. Bernie Sanders (I-VT)

When a young, unknown Senator from Illinois named Barrack Obama decided to run for the U.S. President in 2008, he got a lot of money from some peculiar groups, primarily from the U.S. financial industry. These groups had just sent the American economy into a tailspin. They knew there would be no way the American people would elect another Republican ...

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Regions notes prospect of $300M in new legal losses

Birmingham-based Regions Financial Corp. says it could incur legal losses of up to $300 million on top of the $210 million it paid to settle fraud claims against investment brokerage subsidiary Morgan Keegan by Mississippi and other Southeastern states. In its second quarter 10-Q filing with the U.S. Securities & Exchange Commission earlier this month, the publicly held banking company ...

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Investigating a crisis

For those who last year watched the 11-hour televised Senate hearings of Goldman Sachs, many will remember an exchange between Sen. Carl Levin (D-Mich.), chair of the Senate’s Permanent Subcommittee on Investigations (PSI), and Goldman Sachs CFO David Viniar. Grilled by Levin concerning internal documents that showed the investment banker knew its activities were fraudulent, Viniar responded that it was ...

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Goldman Sachs earns $1.74B, easily tops forecasts

NEW YORK — Goldman Sachs Group Inc.’s earnings easily beat analysts’ forecasts again, but the bank saw a big slowdown in trading, its most profitable business. Net income after paying preferred dividends fell 43 percent from the year-ago period as revenue in the bank’s bond, currency and commodities trading division fell sharply. Goldman Sachs’ income fell to $1.74 billion, or ...

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