Goldman opens up its business books
Tuesday 11 January 2011
Goldman Sachs is to reveal more details about how it makes its multibillion-dollar profits, in a move designed to temper the public and political criticism that the investment banking giant has received since the credit crisis.
An internal review of how it does business is also expected to promise that when it invents complex new financial products they will be vetted as to their suitability for clients and then closely watched for their effects.
Lloyd Blankfein, the chief executive, presented the review to Goldman's senior staff yesterday. "We must renew our commitment to our business principles – and above all, to client service and a constant focus on the reputational consequences of every action we take," the authors wrote, in an excerpt leaked to the media.
- 1 Arizona shooting: Gun instructor accidentally killed by nine-year-old girl with Uzi
- 2 Paul Scholes: Manchester City were so good against Liverpool I felt like turning the television off
- 3 Notting Hill Carnival: Woman shares selfie after being ‘punched in face for telling man to stop groping her’
- 4 Homer Simpson has taken the ALS ice bucket challenge because of course he has
- 5 Do you realise just how foolish the UK looks?
Kensington flat branded ‘uninhabitable’ by estate agent on sale for a bargain £600,000
Miley Cyrus' homeless MTV VMAs date, Jesse Helt, is wanted by the police
Arizona shooting: Gun instructor accidentally killed by nine-year-old girl with Uzi
Notting Hill Carnival: Woman shares selfie after being ‘punched in face for telling man to stop groping her’
Teenager dies after suspected ice bucket challenge goes horribly wrong
Exclusive: We share blame for creating 'jihad generation', says Muslim strategist
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
Scottish independence TV debate: Pumped-up Alex Salmond bounces back in bruising second round against Alistair Darling
Jeremy Clarkson is a cultural tumour and needs to be removed, says comedian Frankie Boyle
Do you realise just how foolish the UK looks?
- < Previous
- Next >
iJobs Money & Business
£40000 - £48000 per annum + benefits+bonus+package: Harrington Starr: C# Devel...
£45000 - £60000 per annum + benefits+bonus+package: Harrington Starr: C# Swift...
Negotiable: Harrington Starr: A fast growing Financial Services organisation b...
£50000 - £60000 per annum + excellent benefits: Harrington Starr: An award-win...