TODAY is my last day at Goldman Sachs. After almost 12 years at the firm — first as a summer intern while at Stanford, then in New York for 10 years, and now in London — I believe I have worked here long enough to understand the trajectory of its culture, its people and its identity. And I can honestly say that the environment now is as toxic and destructive as I have ever seen it.
Career coaches say it was a mistake for Greg Smith to publicly criticize his boss, Lloyd Blankfein. When Greg Smith decided to write a scathing op ed piece that ran in the New York Times yesterday, blasting his employer, Goldman Sachs, for sacrificing its clients’ best interest in favor of maximum [...]
A recent J.D. Power and Associates study found the No. 1 reason consumers switched banks was because of fees. “When banks announce the implementation of new fees, public reaction can be quite volatile and result in customers voting with their feet,” said Michael Beird, director of the banking services [...]
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p Feb 9 Bloomberg California and New York along withFlorida agreed to join more than 40 other states in anationwide settlement 16 months in the making that seeks to endabusive bank f
After his own experience dealing with a mortgage mess, Nye Lavalle set out to learn all he could about the mortgage industry, traveling nationwide to dig into records. In 2003, he compiled a dossier of practices at Fannie Mae. In hindsight, the problems he found look like a blueprint of today's foreclosure crisis.