@BloombergNews Reports: Goldman Roiled by Op-Ed Loses $2.2B for Shareholders

Goldman Sachs Group Inc.  saw $2.15 billion of its market value wiped out after an employee assailed 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.

[LINK] http://www.bloomberg.com/news/2012-03-15/goldman-stunned-by-op-ed-loses-2-2-billion-for-shareholders.html

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: