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Goldman wins mortgage case appealed by German bank

NEW YORK (Reuters) - Goldman Sachs Group Inc and investment adviser TCW have survived an appeal by a German bank that sued them for fraud over a toxic derivative marketed at the height of the housing market bubble.
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Goldman Sachs Sued by German Bank Over Davis Square VI, An AIG CDO Bailed Out by Taxpayers (GS)

Business & Finance : Business Insider: Money Game (4 years ago)

Landesbank Baden-Wuerttemberg, a German state-owned bank, is suing Goldman Sachs over a $37 million loss on its investment in its share (a tranche) of a CDO called Davis Square VI. TCW, the manager for all of Goldman Sach's Davis Sq... Read Post

NY court dismisses fraud claims vs. Goldman over Abacus CDO

News / Independent News : Yes, But, However! (2 years ago)

NEW YORK (Reuters) - A New York appeals court dismissed a case against Goldman Sachs Group Inc brought by a bond insurer who claimed it was fraudulently induced to insure the bank's Abacus product tied to subprime mortgages. Read Post

Goldman's Waldron Promoted To Co-head Of Investment Banking

Business & Finance : Business Insider: Clusterstock (11 hours ago)

By Lauren Tara LaCapra NEW YORK (Reuters) - Goldman Sachs Group Inc has promoted John Waldron to co-head of its investment banking business, replacing John S. Weinberg, a vice chairman whose family has been in the senior echelons of... Read Post


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