Goldman Sachs

Goldman Sachs has agreed to pay a fine of £20m to the FSA after failing to disclose trader Fabrice Tourre was under fraud investigation by the US Securities & Exchange Commission.

French insurance giant Axa, which was the largest shareholder in Goldman Sachs, has almost halved its stake in the investment bank.

Castlestone Management is launching a global emerging markets fund investing in the ‘Next 11' developing countries of increasing importance outside the established Bric states.

Several of Spain's 18 savings banks have failed tests to see how they would cope with worsened economic conditions, according to reports.

Investment banking giant Goldman Sachs will pay a record $550m fine to settle the SEC's fraud probe into mortgage-backed securities.

Goldman Sachs' Jim Cielinski is to join Threadneedle as the head of fixed income in the latest of a series of high profile appointments for the group.

Goldman Sachs chief economist Jim O'Neill believes the Office for Budget Responsibility is being too cautious with its prediction of 2.6% growth in the UK next year, claiming the economy could in fact expand by more than 3%.

The Office of Fair Trading (OFT) has announced a probe into parts of the investment banking industry.

Britain and France are at odds with other European Union countries over plans to insure against future bank failures, in another sign of the problems in trying to forge a common response to the bloc's economic woes.

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