Keyword: Goldman Sachs

EU staff aim to punish ex-boss Barroso over Goldman job

By
Under fire: ex Commission boss José Manuel Barroso. © Reuters Under fire: ex Commission boss José Manuel Barroso. © Reuters

The recent decision by former European Commission president José Manuel Barroso to join Wall Street bank Goldman Sachs as an advisor caused outrage across much of Europe. Apart from, that is, at the heart of the Brussels institution itself where Barroso's successor Jean-Claude Juncker has only just, and grudgingly, criticised the move. However, disgruntled EU staff feel Barroso's appointment further tarnishes the EU's image and are examining ways to sanction their former boss. Ludovic Lamant reports.

How 'Fabulous Fab', French trader for Goldman Sachs, took the rap for Wall Street

By
 © Reuters © Reuters

Former Goldman Sachs trader Fabrice Tourre was this month convicted by a New York jury of a fraud that cost investors 1 billion dollars in a high-risk loan deal linked to the infamous subprime mortgages schemes. ‘Fabulous Fab’, as the 34 year-old Frenchman nicknamed himself, took the rap alone for a deal Goldman Sachs concocted as banks tried to pile out of toxic mortgage securities when the US housing market went belly-up in 2008. Martine Orange reports on how Tourre has been made a convenient and lone scapegoat for the wider crimes of Wall Street’s dishonest practices which led to the worldwide financial crisis - and for which it has never been brought to account.

Sarkozy's investment bank conference tours roll on with Goldman Sachs

By
 © Reuters © Reuters

Former French President Nicolas Sarkozy (pictured), who once decried "a financial capitalism" which had "imposed its logic on the whole economy and contributed to perverting it", has joined the ranks of star conference speakers for the investment banking behemoth Goldman Sachs for whom he is to address a conference in London on June 3rd, described by the bank as "an exclusive forum that will bring together institutional investors and risk managers". Since leaving office last year, Sarkozy, who is keeping open his future return to politics, has clocked up a number of speaking engagements for investment banks. As Martine Orange reports, the former president's sudden enthusiasm for a sector where nothing passes for free raises a number of questions, not least that of conflict of interest both past and present.

Pourquoi Wall Street n'est pas en prison? (Rolling stones)

By

L'entente secrète des grandes banques pour contrôler le marché des dérivés (NYT)

By