Goldman Sachs

Goldman Sachs has engaged its finest minds to work out who will win football's biggest tournament in South Africa next month.

Goldman Sachs and Morgan Stanley are believed to be among eight US banks facing an investigation into the rating of their mortgage products.

Goldman Sachs is to "sue for peace" in the fraud trial brought by the SEC over its Abacus vehicle.

Only 40,000 lucky Berkshire Hathaway shareholders got the chance to see their hero Warren Buffett in the flesh as they made their annual pilgrimage to Omaha over the weekend for the investment firm's annual meeting.

Warren Buffett has vigorously defended Goldman Sachs against fraud allegations being levelled at the investment bank.

The FSA is today meeting senior officials from Goldman Sachs over the bank's involvement in structuring complex debt intruments during the financial crisis, Investment Week understands.

Congressional investigators yesterday accused Goldman Sachs of taking a "net short" position in the US mortgage market in 2007 that enabled it to benefit from the bursting of the housing bubble.

"You may as well praise a man for not robbing a bank."

The beleaguered Wall Street bank Goldman Sachs boasted that it was making tens of millions of dollars of profits daily by betting against its own clients' investments, according to internal emails released by a US senator.

Much of the financial media's focus this week was on Goldman Sachs, US hedge fund Paulson & Co, the SEC, and problems with complex mortgage-related instruments.