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Goldman Sachs Group - Page 3

Libya's Sovereign-Wealth Fund Sues Goldman Sachs :

"Goldman Sachs abused the relationship of trust and confidence with...the sovereign wealth fund of the Libyan people," The transactions in dispute, from early 2008, were in excess of $1 billion and "Led to significant losses." Said the spokesman for Libyan Investment Authority. Ref. Source 1

Group Sachs Goldman

Libya Sues Goldman Over Massive $1 Billion Trading Loss:

Libya's sovereign wealth fund is suing banking giant Goldman Sachs for "Deliberately exploiting" Its position to make $350 million profit on $1 billion worth of failed derivative trades, London's High Court announced Thursday. Ref. Source 2

Goldman Sachs Group History & Civil Business Politics

Goldman Sachs' Outrageous Scheme to Profit Off Jailed Young Offenders:

Too-big-to-jail Wall Street is ripping off taxpayers with a "Social impact bond." Ref. Source 5

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Goldman denies duping Gaddafi:

Goldman Sachs has hit back at allegations that the Wall Street giant duped Libya's $60bn sovereign wealth fund into trades that lost the country vast sums of money while making the bank hundreds of millions in profits. Ref. Source 2

Group Sachs Goldman

Goldman CEO's cancer fight

AFTER 'weeks of not feeling well', Goldman Sachs CEO, Lloyd Blankfein, has revealed he's been diagnosed with a 'highly curable' form of lymphoma. Ref. Source 1z

Goldman Sachs Group

Goldman Sachs in tentative, $5.1B mortgage settlement related to financial crisis

The investment banking giant has reached a tentative settlement of a federal and state investigation of its handling of mortgage-backed securities before the national financial crisis, the bank said Thursday. The charge is expected to cut into the company's fourth-quarter earnings, to be announced Wednesday, by $1.5 billion after taxes. "We are pleased to have reached an agreement in principle to resolve these matters," Goldman CEO Lloyd Blankfein said. Ref. USAToday.