Goldman Sachs is a Wall Street investment bank. Founded in 1869, the bank has often been accused of bad advice to government clients. The bank charged Libya $350 million for derivatives trades in 2008 that caused the government to lose approximately $1.2 billion; advised Malaysian officials and their cronies who stole $4.5 billion from the 1Malaysia Development Berhad (1MDB) state fund to buy luxury assets and real estate; and charged Greece $300 million to engage in “blatant balance sheet cosmetics” to help the country join the European Monetary Union.
Asset management, Commercial banking, Commodities, Investment banking, Investment management, Mutual funds, Prime brokerage
|Top 5 Offense Groups (Groups Defined)||Penalty Total||Number of Records|
(May 20, 2021)
Elizabeth Dilts | Reuters | January 17, 2017
Dozens of protesters gathered outside of Goldman Sachs Group Inc headquarters on Tuesday to rally against President-elect Donald Trump’s picking several former executives of the Wall Street bank for top jobs in his administration.
United States Department of Justice | October 22, 2020
The Goldman Sachs Group Inc. (Goldman Sachs or the Company), a global financial institution headquartered in New York, New York, and Goldman Sachs (Malaysia) Sdn. Bhd. (GS Malaysia), its Malaysian subsidiary, have admitted to conspiring to violate the Foreign Corrupt ...
Rozanna Latiff | Reuters | October 22, 2020
Goldman Sachs Group Inc on Thursday reached a deal to settle a probe into the bank’s role in Malaysia’s 1MDB corruption scandal, which included total penalties of $2.9 billion.
Nate Raymond, Jonathan Stempel | Reuters | August 22, 2014
Goldman Sachs Group Inc has agreed to a settlement worth $1.2 billion to resolve a U.S. regulator’s claims the bank sold Fannie Mae and Freddie Mac faulty mortgage bonds, the regulator announced Friday.
Associated Press | Denver Post | January 16, 2013
Goldman Sachs and Morgan Stanley will pay a combined $557 million to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.
Kalyeena Makortoff | The Guardian | March 24, 2021
The reputation of Goldman Sachs as the most desirable employer for aspiring investment bankers is at stake. Legendary for its pulling power with the best graduates, the bank is now facing a rebellion in its lower ranks.
Justine Coleman | The Hill | December 11, 2019
Goldman Sachs employees are protesting a Wednesday event featuring former Ambassador to the United Nations Nikki Haley after her remarks about the Confederate flag.
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- Goldman Sachs subsidiaries (via U.S. SEC 2020)
- Goldman Sachs subsidiaries (via U.S. SEC 2019)
- Goldman Sachs subsidiaries (via U.S. SEC 2018)
- Goldman Sachs subsidiaries (via U.S. SEC 2015)
Croctail Subsidiary Tool using the CorpWatch API - This API uses automated parsers to extract the subsidiary relationship information from Exhibit 21 of companies' 10-K filings with the SEC.
Stephen Gandel | CBS News | October 7, 2020
Goldman Sachs is adopting a controversial compensation scheme that will help partners at the investment bank lower their annual tax bill by hundreds of thousands of dollars each. But embracing that tax loophole, called carried interest, also could deprive the U.S. government of millions of dollars in revenue.
Pedro Gonçalves | International Investment | October 25, 2018
HMRC has won a £79m case against Goldman Sachs and agriculture giant Cargill after the American companies attempted to avoid paying taxes in the UK
Sophie Perryer | European CEO | October 24, 2018
The US giants have been charged in one of the largest corporate tax victories for the UK's HM Revenue and Customs