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Goldman Sachs courted Libyan clients with prostitutes and luxury hotels, a court was told

Business & Finance : Business Insider: Clusterstock

Goldman Sachs employees courted clients at Libya's national investment fund with prostitutes and luxury travel, a London court heard. The Libyan Investment Authority is claiming for $1.2 billion (£850 million) it lost on nine trades...

Libyan Investment Fund Files Suit Against Goldman

Business & Finance : DealBook

The Libyan Investment Authority alleges that Goldman Sachs made over $1 billion in derivatives trades that became worthless in value but left the bank with profits of $350 million.

Goldman Sachs wins its dispute with Libya's $60 billion wealth fund

Business & Finance : Business Insider: Clusterstock

Goldman Sachs won their dispute in the UK's high court against Libya's $60 billion (£42 billion) sovereign wealth fund. The Libyan Investment Authority claimed it lost more than $1 billion (£750 million) on nine trades executed by G...

Goldman Sachs Q3 earnings rise 58% on trading revenue

Business & Finance : USAToday: Money

The Goldman Sachs Group, the investment banking giant, said Tuesday its third quarter net income rose 58% as higher revenues for trading and equity investments helped offset sluggish investment banking business.        

Goldman Sachs Ordered To Pay Libyan Fund's Legal Costs

Business & Finance : Business Insider: Money Game

LONDON (Reuters) - Goldman Sachs has been ordered to pay the Libyan Investment Authority (LIA) 200,000 pounds ($321,820) in legal costs as part of a lawsuit brought by the fund over $1 billion in trades that ended up worthless. The ...


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