Goldman Sachs

Rajat Gupta, a former director of Goldman Sachs, has been arrested by the FBI on suspicion of leaking information to jailed hedge fund billionaire Raj Rajaratnam.

Warnings about banks, eurozone concerns and a high profile job for an ex-New Star manager were among our best read stories this week.

The former global head of distribution at Gartmore, Phil Wagstaff, is set to join Skandia Investment Group (SIG) as CEO.

Wall Street's biggest banks had their worst quarter of results since 2008's financial crisis, with trading revenue down 35% on last year.

US banking giant Goldman Sachs has reported a loss of $428m (£272m), worse than analysts had been expecting.

At least 50 of Europe's top 91 banks are expected to fail the European Banking Authority's (EBA) new stress tests, analysts at Goldman Sachs have warned.

Richard Pursglove has joined Goldman Sachs Asset Management (GSAM) as head of the UK third party distribution business in a bid to expand sales among discretionary managers and fund of funds.

The head of HM Revenue & Customs (HMRC) is to be quizzed by MPs this afternoon over claims he allowed Goldman Sachs to escape £10m in interest payments on an offshore tax avoidance scheme.

Investment bank Goldman Sachs is expected to report its second ever quarterly loss when it unveils its numbers next week, Credit Suisse analysts have warned.

Goldman Sachs AM chairman Jim O'Neill has proposed an alternative 'rules-based investing approach' he believes can produce lower risk equity market returns.