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Goldman Sachs President: I will probaby read Greg Smith’s book Goldman Sachs President Gary Cohn told Bloomberg Television’s Sara Eisen today that he will “probably read” Greg Smith’s tell-all book, “Why I Left Goldman Sachs,” which comes out on October 22nd. Goldman Sachs President Gary Cohn told Bloomberg Television’s Sara Eisen today that he will “probably read” Greg Smith’s tell-all book, “Why I Left Goldman Sachs,” which comes out on October 22nd.
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Cohn on whether he’ll read [...] By DAWN WOTAPKA And LAURA KUSISTO Manhattan’s rental rates have topped prerecession levels as landlords maintain the upper hand in a supply-constrained market. The average Manhattan apartment commanded $3,418 in monthly rent in March, according to a first-quarter report to be released on Thursday by brokerage Citi Habitats, That is the highest rate since the firm began tracking such data in early 2002—topping the previous record of $3,394. And sky-high rents aren’t limited to Manhattan: Citywide [...] From Bloomberg: Goldman Sachs Group Inc. (GS) saw $2.15 billion of its market value wiped out after an employee assailed Chief Executive Officer Lloyd C. Blankfein’s management and the firm’s treatment of clients, sparking debate across Wall Street. The shares dropped 3.4 percent in New York trading yesterday, the third-biggest decline in the 81-company Standard & Poor’s 500 Financials Index, after London-based Greg Smith made the accusations in a New York Times op-ed piece. Smith, who also [...] The Jerry Sandusky child sex abuse case has already cost the jobs of football coach Joe Paterno anduniversity President Graham Spanier. State and federal investigators continue to unravel the case and might bring additional charges. More than one tip has already come into the tipline that police have set up for potential victims. But in the end, it’s going to come down to credibility. Stories contradict each other. Grand jury testimony clashes. Who was telling [...] Wall St. Helped to Mask Debt Fueling Europe’s Crisis One deal created by Goldman Sachs helped obscure billions in debt from the budget overseers in Brussels. The bankers, led by Goldman’s president, Gary D. Cohn, held out a financing [...] (AP) LAUREL, Mont. (AP) — Authorities struggled Sunday to gauge the environmental and crop damage from tens of thousands of gallons of oil that spilled into the legendary Yellowstone River, as Montana’s governor criticized Exxon Mobil for downplaying the scope of the disaster. A break in a company pipeline near Laurel fouled miles of riverbank and forced municipalities and irrigation districts to close intakes across eastern [...] Jan. 25 (Bloomberg) — As Wall Street chief executive officers flock to the World Economic Forum, they’ll be breathing a sigh of relief along with the Swiss mountain air: There are no panels on compensation or redesigning financial regulation. After spending much of last year’s meeting defending the industry and debating proposed rules, bankers plan to focus on wooing clients and winning business, according to executives [...] |
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