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The World's Largest Student Investment Conference Is Headed To Detroit This Month
Saturday, March 14, 2015 - 12:51pm | 544Read More...New York and Chicago may get all the media attention, but the world's largest student investment conference is coming to Detroit. Hosted by Wayne State University and Mainstay Capital Management, ENGAGE 2015 International Investment Education Symposium is coming to Cobo Center on March 26 and 27....
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Goldman Sachs Cleared in SEC and DOJ Investigations, Reputation Soiled
Friday, August 10, 2012 - 8:11am | 604Read More...Goldman Sachs Group (NYSE: GS) escaped charges levied against the firm by the Department of Justices probe for its role in the mortgage-backed-securities collapse. The bank announced early Friday that the Securities and Exchange Commission concluded its investigation into the sale of $1.3 billion...
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Volcker Disappointed in His New Rule (XLF)
Wednesday, June 30, 2010 - 11:30am | 236Read More...Bloomberg is reporting that former Federal Reserve Chairman, Paul Volcker, is highly disappointed in the new financial regulation rule that bears his name. The “Volcker Rule” was first pitched as a way to ban banks from running private-equity and hedge funds, which would have, theoretically,...
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Companies Dodge $60 Billion in Taxes
Thursday, May 13, 2010 - 5:18pm | 217Read More...Bloomberg is out with an interesting article this afternoon that says some U.S. Companies are using a tax dodge called “Transfer Pricing,” where they are allowed to legally avoid some income taxes by converting sales in one country to profits in another -- on paper only, and often in places where...
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Tourre And Blankfein Grilled In Senate Hearing (GS)
Wednesday, April 28, 2010 - 7:59am | 418Read More...The problems for Goldman Sachs (NYSE: GS) continued as the Senate’s Subcommittee on Tuesday accused the bank of “intolerable” conflicts of interest and attacked the bank for profiting from the financial crisis at the expense of its clients. According to the Financial Times, Goldman’s chief...
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Goldman Sachs (GS) Said To Have Been In Other Mortgage Deals
Tuesday, April 27, 2010 - 2:42pm | 429Read More...Goldman Sachs’ (NYSE: GS) legal problems continued unabated on Tuesday as it prepares itself for a Senate hearing. In this hearing, Goldman is expected to defend its actions during the housing crisis. According to the New York Times, Monday saw Senate investigators claim that Goldman Sachs’ complex...
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Senate Panel Holds Goldman Sachs Answerable (GS)
Tuesday, April 27, 2010 - 7:36am | 111Read More...Goldman Sachs (NYSE: GS) is under fire for profiting at the expense of its clients. According to CNN, a senate panel has alleged that the bank effectively pulled off a “big short” against the nation’s housing market by betting against the same type of complex-mortgage securities it helped create....
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Senate Panel Rebukes Regulators For WaMu Failure
Friday, April 16, 2010 - 3:03pm | 130Read More...Senator Carl Levin, the chairman of the Senate Panel investigating the causes of the financial crisis, has lambasted federal bank regulators for ignoring risky transactions at Washington Mutual. He said that regulators “saw the shoddy lending practices, saw the high-risk lending, saw the shoddy...
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Surprise, Surprise: WaMu Failure Fueled By 'Fraud And Greed'
Monday, April 12, 2010 - 8:46pm | 143Read More...In a revelation that will surely shock the nation, the Senate Permanent Subcommittee on Investigations concluded a year-and-a-half long inquiry into the collapse of Washington Mutual, once one of the nation's largest financial holding companies. The panel claimed that WaMu's collapse was due to a "...
