New York Fed Chairman Stephen Friedman resigns

May. 7, 2009
Stephen Friedman, chairman of the Federal Reserve Bank of New York's board of directors, has resigned effectively immediately. Friedman was the subject of a recent Wall Street Journal story that raised questions about his ties to Goldman Sachs Group Inc....
Related Stories from UPI.com

Goldman Sachs considers stock sale

NEW YORK, April 10 (UPI) -- New York financial firm Goldman Sachs Group Inc. may soon announce a multibillion shares sale to help repay a $10 billion government debt, sources said.

Goldman Sachs applies for state charter

NEW YORK, Oct. 14 (UPI) -- Goldman Sachs has applied for a New York State charter, choosing state regulators to oversee its new banking subsidiaries, the company said.

Goldman Sachs predicts $200 a barrel oil

NEW YORK, May 7 (UPI) -- U.S. financial giant Goldman Sachs projects crude oil prices could reach $200 a barrel in the next 24 months, a company document says.

Reports: Blackstone Group prepares IPO

NEW YORK, March 16 (UPI) -- New York's Blackstone Group private-equity firm is preparing for a multibillion-dollar initial public offering, broadcast and published reports said Friday. Goldman Sachs Group Inc. investment bank and Blackstone lawyers are writing a prospectus that coul

Goldman, Morgan join on Dominion deal

RICHMOND, Va., Jan. 24 (UPI) -- Goldman Sachs and Morgan Stanley are working to buy Virginia utility Dominion Resources' oil and gas assets for $15 billion, a report said Wednesday. The collaboration of the Wall Street adversaries, both major players in the energy sector, also involves

Chinese bank sells 10 percent of itself

BEIJING, Jan. 27 (UPI) -- A group of western bankers got Beijing's approval to pay $3.78 billion for a 10-percent stake in the Industrial & Commercial Bank of China.

Goldman Sachs gets $82M on MMI shares

NEW YORK, Nov. 18 (UPI) -- U.S. investment bank Goldman Sachs made $82 million in less than a day buying and selling a chunk of Mitsubishi Motors Corp. shares.

Goldman Sachs invests in Japan

TOKYO, Sept. 29 (UPI) -- Goldman Sachs will invest $220.9 million in a unit of Tokyo-based eAccess Ltd. to help it enter Japan's mobile phone industry.

EU OK's Goldman Sachs deal with Perilli

BRUSSELS, July 6 (UPI) -- The European Commission Wednesday approved Goldman Sachs Group Inc.'s plan to buy Pirelli & Co. SpA's cable manufacturing business.

Goldman Sachs could face fraud charge

WASHINGTON, March 29 (UPI) -- Investment bank Goldman Sachs Group Inc. could be charged with securities fraud by the Securities and Exchange Commission, the Wall Street Journal reported Friday