Google analytics

Friday, 16 April 2010

Breaking financial news.

Goldman Sachs accused of fraud

The US government's financial watchdog alleges that Goldman Sachs misled investors by failing to disclose conflicts of interest in mortgage investments it sold as the housing market was faltering.

The SEC announced it had lodged civil fraud charges against the company and one of its vice presidents - news that sent stock markets worldwide reeling.

London's FTSE 100 Index plunged 1.4% in reaction, while the Dow Jones Industrial Average in America fell more than 160 points at one stage.



No comments:

Post a Comment

Say what you like. I try to reply. Comments are not moderated. The author of this blog is not liable for any defamatory or illegal comments.