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Goldman Sachs committed to Brazil operations: COO Cohn

By Maria Carolina Marcello and Anthony Boadle BRASILIA (Reuters) - Goldman Sachs Group Inc is committed to maintaining its investment-banking operations in Brazil as part of its global footprint, Chief Operating Officer Gary Cohn said on Wednesday.

Goldman to sell designated market-maker unit to IMC: reports

(Reuters) - Goldman Sachs Group Inc is in the process of selling its "designated market-maker" unit, people familiar with the matter told the Financial Times on Tuesday. The U.S.-based investment bank is in talks with Dutch firm IMC Financial Markets to sell the trading business, according to a Wall Street Journal report. NYSE and Goldman Sachs declined to comment on the story. IMC Financial Markets could not be reached outside of normal business hours.

NY court lets lawsuit against Goldman over Timberwolf CDO proceed

By Karen Freifeld NEW YORK (Reuters) - A New York state appeals court on Thursday refused to dismiss a $1.07 billion lawsuit accusing Goldman Sachs Group Inc <GS.N> of selling securities as the financial crisis began that it expected to lose value.

Goldman CEO receives estimated $23 million pay package

NEW YORK (Reuters) - Lloyd Blankfein, chief executive of Goldman Sachs Group Inc <GS.N>, received restricted stock worth $14.7 million this week as part of his 2013 bonus, Goldman reported in a regulatory filing on Thursday. Goldman's board of directors typically awards executives 70 percent of their bonus in stock and 30 percent in cash, suggesting that Blankfein also received a roughly $6.3 million cash bonus. Goldman does not disclose the full details of executives' pay packages until it files its proxy statement.

Judge rules Goldman must face class-action lawsuit by investors

By Jonathan Stempel NEW YORK (Reuters) - Goldman Sachs Group Inc must face a class-action lawsuit accusing it of defrauding investors to whom it sold $2 billion of risky debt linked to subprime mortgages that it was betting against before the 2008 financial crisis, a federal judge ruled on Thursday.

Bond trading stings Goldman, Citi in fourth quarter

By Lauren Tara LaCapra and David Henry (Reuters) - Goldman Sachs Group Inc and Citigroup Inc were hit hard by a sharp fall in bond trading revenues in the fourth quarter, a stinging blow for two banks long seen as stalwarts of fixed income markets. The two banks performed worse in fixed income than rivals JPMorgan Chase & Co and Bank of America Corp, showing that even as bond market trading volume suffers from falling prices, some banks will endure more pain than others.

Bond trading stings Goldman, Citi in fourth quarter

By Lauren Tara LaCapra and David Henry (Reuters) - Goldman Sachs Group Inc <GS.N> and Citigroup Inc <C.N> were hit hard by a sharp fall in bond trading revenues in the fourth quarter, a stinging blow for two banks long seen as stalwarts of fixed income markets. The two banks performed worse in fixed income than rivals JPMorgan Chase & Co <JPM.N> and Bank of America Corp, <BAC.N> showing that even as bond market trading volume suffers from falling prices, some banks will endure more pain than others.

Goldman Sachs profit hit by lower bond trading revenue

By Anil D'Silva and Lauren Tara LaCapra (Reuters) - Goldman Sachs Group Inc reported a 21 percent drop in quarterly profit on Thursday as revenue from fixed-income trading fell in what Chief Executive Lloyd C. Blankfein described as "a somewhat challenging environment."

Goldman Sachs burned by bad currency bets in third quarter

By Lauren Tara LaCapra and Cezary Podkul NEW YORK (Reuters) - Goldman Sachs Group Inc lost more than $1 billion on currency trades during the third quarter, recent regulatory filings show, offering some insight into why the firm, considered one of Wall Street's most savvy traders, reported its worst quarter in a key trading unit since the financial crisis.

Goldman Sachs burned by bad currency bets in third quarter

By Lauren Tara LaCapra and Cezary Podkul NEW YORK (Reuters) - Goldman Sachs Group Inc lost more than $1 billion on currency trades during the third quarter, recent regulatory filings show, offering some insight into why the firm, considered one of Wall Street's most savvy traders, reported its worst quarter in a key trading unit since the financial crisis.
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