Fabrice Tourre's trial: The fabulous translation

Jul 16, 2013
A former Goldman Sachs trader known as "Fabulous Fab" has been found liable in a mortgage securities fraud case. During the case, a judge asked to ban jargon. But because bankers aren't able to resist -- and for your own knowledge -- here's a primer to help.
Fabrice Tourre (L), executive director of the structured products group trading for The Goldman Sachs Group, is sworn in while testifying before the Senate Homeland Security and Governmental Affairs Investigations Subcommittee on Capitol Hill on April 27, 2010 in Washington, D.C.
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Why it's a good time to be Goldman Sachs

Jul 16, 2013
Goldman Sachs reported its latest business results on Tuesday. Profits -- as measured by net income -- hit $1.9 billion in the second quarter, twice the performance of the quarter before.

Fabrice Tourre is fabulous, but why is he so lonely?

Jul 15, 2013
Fabrice Tourre, who dubbed himself “Fabulous Fab” back when he was a Goldman Sachs trader, went on trial Monday for alleged fraud during the financial crisis.
Fabrice Tourre, a former Goldman Sachs mortgage trader, arrives at Federal Court for a lawsuit being brought against him by the Security and Exchange Commission (SEC), on July 15, 2013 in New York City. The SEC alleges Tourre misled investors by betting against the housing market, in the midst of the 2008 recession.
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Japan takes energy race overseas, promotes solar at home

May 20, 2013
Things have been electric on the Japanese stock market recently. But the country is in need of energy and is hunting for it in innovative ways.

Bloomberg reporters had ability to spy on its customers

May 10, 2013
Goldman Sachs employees have raised concerns that Bloomberg News journalists could snoop on them through Bloomberg terminals.

What bank profits say, or don't, about the economy

Jan 16, 2013
JPMorgan Chase and Goldman Sachs reported strong profit growth for 2012. But does their success reflect a stronger economy?

JPMorgan, Goldman Sachs see earnings soar

Jan 16, 2013
Many of Wall Street's biggest banks are beating profit expectations as the mortgage business comes back.

For public good, not for profit.

Goldman Sachs switches support to Romney

Oct 9, 2012
Goldman Sachs has long supported Democrats in the presidential contest. But not this year. Why Goldman and other Wall Street banks are throwing their support behind Mitt Romney.

Goldman CEO Blankfein warns 'fiscal cliff' threatens confidence in U.S. economy

Oct 2, 2012
Lloyd Blankfein, chairman and CEO of Goldman Sachs, says the U.S. risks a ratings downgrade and a hit to its reputation as a global business leader as legislators battle over the upcoming 'fiscal cliff.'

Goldman Sachs dodges criminal prosecution

Aug 10, 2012
The Justice Department drops probe into Goldman mortgage deal. Four years after the financial crisis, there’s still no criminal conviction on Wall Street.