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.

The FSA has today confirmed it will launch an unprecedented investigation into the international arm of US bank Goldman Sachs.

Banks have warned they would be forced to halt lending to small businesses by tighter international regulations they say are being rushed in.

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.

Simon Fitton, partner at Baxter Fensham, on what it means to be a truly fee-based IFA.