Jump to Navigation
Home

Main menu

  • Home
  • Latest Stories
  • Markets Map
  • Trends and Sentiments
  • Leading Topics
  • News Search
  • Comments and Analysis

Secondary menu

  • Latest News
  • Top Rated
  • Most Popular
  • Archive
  • About Us
  • Caroline Wozniacki's rollercoaster year of highs and...
  • Britain's Queen wants son Charles to lead...
  • H.R. McMaster's father's death being treated as...
  • Oil climbs towards $75 a barrel to reach highest point...
  • Oil climb towards four-year high of $75 a barrel
  • Unpacking The 5 Biggest Cryptocurrency Scams
  • Capitol Report: Fed’s Quarles: Government backstop ‘...
  • Russian TV: alternative facts, multiple theories and one...
  • Railways saves Rs 77 crore from 'Give it up'...
  • New Merrill Lynch Study Shows How Women Can Close The...

    Departing Goldman banker slams 'rip-off' culture

    Wed, 03/14/2012 - 16:03 EDT - Yahoo! Business News
    • YahooBizNews

    A Goldman Sachs sign is seen on at the company's post on the floor of the New York Stock ExchangeLONDON/NEW YORK (Reuters) - Goldman Sachs faced an unprecedented assault from one of its own after a banker published a withering resignation letter in the New York Times, calling the Wall Street titan a "toxic" place where managing directors referred to their own clients as "muppets." It was the latest blow for the storied investment bank, which has long supplied senators and cabinet secretaries to Washington but now draws comparisons to a "great vampire squid wrapped around the face of humanity. ...

    • Original article
    • Login to post comments
     

    Related

    • Departing Goldman banker slams "rip-off" culture

      LONDON

    • Departing Goldman banker slams "rip-off" culture

      LONDON/NEW YORK (Reuters) - Goldman Sachs faced an unprecedented assault from one of its own on Wednesday after a banker published a withering resignation letter in the New York Times, calling the Wall Street titan a "toxic" place where managing directors referred to their own clients as "muppets."

    • Departing Goldman banker slams "rip-off" culture

      Goldman Sachs faced an unprecedented assault from one of its own on Wednesday after a banker published a withering resignation letter in the New York Times, calling the Wall Street titan a "toxic" ...

    • Departing Goldman banker slams "rip-off" culture

      LONDON (Reuters) - A Goldman Sachs banker has launched a withering attack on the bank in a newspaper column announcing his resignation, saying that several managing directors at the Wall Street firm had referred to their own clients as "muppets". In an opinion column for Wednesday's New York Times, Greg Smith, who worked in equity derivatives, said Goldman had become "as toxic and destructive as I have ever seen it". Goldman Sachs issued a short statement in response: "We disagree with the views expressed, which we don't think reflect the way we run our business. ...

    • Departing Goldman banker slams "rip-off" culture

      LONDON (Reuters) - A Goldman Sachs banker has launched a withering attack on the bank in a newspaper column announcing his resignation, saying that several managing directors at the Wall Street firm had referred to their own clients as "muppets".

    • Goldman says probe into ex-worker's claims turns up nothing: FT

      (Reuters) - Goldman Sachs Group Inc's internal probe of allegations by former employee Greg Smith, who called the Wall Street titan a "toxic" place where managing directors referred to their own clients as "muppets," has found little substance to back them, the Financial Times reported on Wednesday.

    • Goldman says probe into ex-worker's claims turns up nothing: FT

      (Reuters) - Goldman Sachs Group Inc's internal probe of allegations by former employee Greg Smith, who called the Wall Street titan a "toxic" place where managing directors referred to their own clients as "muppets," has found little substance to back them, the Financial Times reported on Wednesday.

    • Goldman says probe into ex-worker's claims turns up nothing: FT

      (Reuters) - Goldman Sachs Group Inc's internal probe of allegations by former employee Greg Smith, who called the Wall Street titan a "toxic" place where managing directors referred to their own clients as "muppets," has found little substance to back them, the Financial Times reported on Wednesday. Smith, a former London-based Goldman executive, condemned the powerful investment bank in a scathing New York Times opinion column in March. In British slang, muppet is a term for a stupid person. ...

    • Explosive Goldman exit fuels Volcker rule push

      WASHINGTON (Reuters) - The Goldman Sachs resignation letter heard around the world has increased pressure on U.S. regulators to quickly put in place a tough version of the Volcker rule, that forces Wall Street to stop betting aggressively for its own bottom line. Greg Smith became an overnight sensation when the Goldman banker published a withering resignation letter in the New York Times on Wednesday. Smith described his former employer as a toxic Wall Street factory that only thinks about making money, mocking clients by referring to them as "muppets. ...

    • Goldman, The SEC and the New Face of Wall Street

      James Picerno submits: Wall Street is a shadow of its former self, and not just because of the financial trauma in late-2008. Technology has long been reducing the relevance of big-city financial centers. Much of what passed as standard operating behavior among previous generations of bankers and money managers working in the financial canyons of New York, London and other cities can now be accomplished in the hinterlands, and probably at a lower cost.

    Latest

    Unpacking The 5 Biggest Cryptocurrency Scams
    Unpacking The 5 Biggest Cryptocurrency Scams
    The Peso Is Getting Pounded
    The Peso Is Getting Pounded

    Markets Map

    Markets Map

    Follow Us

    Follow Us on Facebook, Twitter, Google Plus and RSS LinkedIn Facebook Twitter Google Plus RSS
    S&P 500: 2579.37 0.16% FTSE: 7487.96 -0.07% Nikk.: 22420.08 1.82% DAX: 13465.51 1.75% HSI: 28594.06 1.22% FX: EUR/GBP: 1.1401 USD/EUR: 1.1618 JPY/USD: 114.1510 Commodities: Gold: 1276.1000

    Bullfax.com - Market News & Analysis 2008-2011
    Contact Us | About Us | Terms & Conditions

    Follow Us on Facebook, Twitter, Google Plus and RSS LinkedIn Facebook Twitter Google Plus RSS .

    Secondary menu

    • Latest News
    • Top Rated
    • Most Popular
    • Archive
    • About Us