Goldman Sachs

Hedge fund Paulson & Co has been forced on the defensive over the firm's role in the Goldman Sachs fraud dispute.

Fabrice Tourre - the bond trader at the heart of Goldman Sachs' fraud case - was on Tuesday barred from working in the City of London in the first 'victory' for financial regulators on both sides of the Atlantic.

American investment bank Goldman Sachs has posted better than expected first quarter profits of $3.46bn (£2.25bn), almost double what it made in the first quarter of last year.

Lawyers in the United States were predicting a wave of legal action last night in the wake of the $1bn fraud charge brought against Goldman Sachs by the US Securities and Exchange Commission.

The value of Warren Buffett's options to buy Goldman Sachs shares fell by over $1bn after the SEC sued the investment banking giant on Friday.

Prime Minister Gordon Brown wants the FSA to probe Goldman Sachs after the SEC announced it was suing the company for sub-prime related fraud.

Goldman Sachs was today accused of fraud by a US financial watchdog over the make-up and marketing of a debt product tied to sub-prime mortgages.

Bankers are pressing the UK Financial Investments to consider a convertible bond for Government held stakes in Lloyds and Royal Bank of Scotland ahead of next month's election.

Commodity funds have attracted a lot of interest lately, on the back of some very spectacular gains, writes Castlestone's Brad Yim.

Fidelity's Tom Stevenson on the shift in the balance of power in the global economy from West to East that will soon alter the investment landscape forever