Items Tagged with 'Goldman Sachs'

ARTICLES

Democrats want "victims of Mnuchin foreclosure machine" to testify at Treasury nominee hearing

25 senators call for OneWest customers to speak at Mnuchin's hearing
Senate Democrats recently began collecting complaints from consumers about Steve Mnuchin and OneWest Bank in preparation for Mnuchin’s confirmation hearing to serve as the next Secretary of the Department of the Treasury. What wasn’t known at the time is what exactly the Democrats planned to do with those complaints. But Friday, the Democrats showed their hand, asking the leadership of the Senate Committee on Finance to allow “victims of Mnuchin foreclosure machine” to testify at Mnuchin’s confirmation hearing.
Read More

Steve Mnuchin, Trump Treasury pick, to face Senate on Jan. 19

Former Goldman Sachs, OneWest Bank exec likely to be grilled by Democrats
On Friday, the Senate Committee on Finance announced that the confirmation hearing for Steve Mnuchin, the Trump administration’s choice to lead the Department of the Treasury, will take place on Thursday, Jan. 19. The Democrats are expected to grill Mnuchin for his time with OneWest Bank, which was accused of redlining and illegal foreclosure activities under his leadership.
Read More

Monday Morning Cup of Coffee: What does Goldman Sachs expect from Trump administration?

Plus trouble brewing for Canada’s housing market
In the days since the election, observers on both sides of the political divide found themselves shaking their collective heads at the frequency at which the name Goldman Sachs is a prominent feature on the resume of one of President-elect Donald Trump’s cabinet nominees. So, what exactly does Goldman Sachs expect out of the Trump administration? All that and more in your Monday Morning Cup of Coffee.
Read More

Goldman Sachs rolling in the benefits of a Trump administration

"They outlasted the criticism"
Goldman Sachs keeps popping up in the news as Donald Trump's presidential win restarted an age-old tradition of looking to Wall Street to fill cabinet posts. Now the Trump administration is filling up with people closely tied to Goldman Sachs, and the bank is reaping the benefits of it all.
Read More

Another Goldman Sachs executive joins Trump administration

Gary Cohn named chief economic advisor
Goldman Sachs is turning into a goldmine for the future Trump administration team. At the end of November, the team selected Steve Mnuchin, a former executive at Goldman Sachs and former chairman of OneWest Bank, to lead the Department of the Treasury. Now the bank’s No. 2 executive is leaving to join the Trump administration.
Read More

Trump picks former Goldman Sachs exec, OneWest chairman Steve Mnuchin to lead Treasury

Led mortgage bond trading at Goldman Sachs
Steve Mnuchin, a former executive at Goldman Sachs and former chairman of OneWest Bank, is President-elect Donald Trump’s choice to lead the Department of the Treasury during his administration, Trump’s transition team announced Wednesday morning. Here's more information on Mnuchin's long history in finance and mortgages and a look at the varied reactions to his appointment.
Read More

Goldman Sachs settles Abacus CDO lawsuit

ACA Financial Guaranty Corp wanted $120 million
Goldman Sachs will pay an undisclosed amount of money to settle another lawsuit stemming from its actions in the run-up to the financial crisis. ACA Financial Guaranty Corp brought the lawsuit against Goldman Sachs, accusing the company of lying about a pool of securities backed by subprime mortgages tied to the failed Abacus collateralized debt obligation.
Read More