Goldman faces lawsuits over $15.8 billion in mortgages
November 14, 2011 by legitgov ShareThis Goldman faces lawsuits over $15.8 billion in mortgages 11 Nov 2011 Goldman Sachs Group Inc faces lawsuits over $15.8 billion worth of mortgage securities, the...
View ArticleMF Global’s Jon Corzine may decide silence is golden
Jon Corzine’s career seems to turn in circles. The former Goldman Sachs boss moved into politics as governor of New Jersey, then back into finance, now he’s heading back to Washington. Sadly for the...
View ArticleS&P reduces bank credit ratings
30 November 2011 Last updated at 01:26 GMT SP’s move hit the share prices of US banks Ratings agency Standard Poor’s has downgraded the long-term credit grades of a string of major financial firms....
View ArticleUS House seeks Corzine testimony
2 December 2011 Last updated at 15:26 GMT MF Global, headed by Mr Corzine, made multi-billion dollar bets on eurozone debt A US House of Representatives committee has voted to subpoena the former head...
View ArticleMF Global boss sorry for failure
8 December 2011 Last updated at 16:44 GMT MF Global, headed by Mr Corzine, made multi-billion dollar bets on eurozone debt The head of bankrupt US brokerage firm MF Global, Jon Corzine, will tell a...
View ArticleJon Corzine says: ‘I don’t know where the MF Global money went’
Fallen financier and former New Jersey governor Jon Corzine said he was “stunned” by the collapse of his firm MF Global but told a congressional panel that he had no idea where the missing $1.2bn...
View Articleport shutdown
The Occupy movement will attempt to shut down all the major ports on the west coast of the US in support of a union battle in Longview, Washington, despite the union opposing the action. Thousands of...
View ArticleOccupy Protesters Target US, Canadian Ports
Hundreds of anti-Wall Street protesters blocked gates Monday at some of the West Coast’s busiest ports in the U.S. and Canada, as part of a nearly three-month-old movement against what they say is...
View ArticleFacebook has $3.5bn cash pool, leaked figures show
Facebook is sitting on a $3.5bn cash hoard, according leaked figures, and is making far more money than had previously been estimated. According to internal figures leaked to Gawker, Mark Zuckerberg‘s...
View ArticleFitch downgrades six global banks
15 December 2011 Last updated at 22:37 GMT Fitch cut the “issuer default ratings” at the banks Fitch has downgraded six of the world’s largest banks, citing the challenging financial markets. The banks...
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