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Battery Park Residents Frustrated With Goldman Sachs Ferries
NEW YORK (1010 WINS/CBS 2) — Goldman Sachs is under fire again from the public. Residents in Battery Park City are tired of the noise emanating from ferries being used by the Wall Street giant to...
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Ex-Goldman Sachs Programmer Convicted In NYC
NEW YORK (AP) — A former Goldman Sachs programmer was convicted Friday of stealing secret computer code that enables high-speed trading from the company when he took a new job with a rival last year....
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Goldman Plans To Change Reporting Practices
NEW YORK (AP) — In response to widespread criticism over its practices, Goldman Sachs Group Inc. is seeking to become more transparent about its business practices. Among the most significant of 39...
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Ex-Goldman Director Sues SEC After Civil Charges
NEW YORK (CBSNewYork/AP) — A former Goldman Sachs board member has sued the Securities and Exchange Commission after the SEC linked him to a major insider trading case when it filed civil charges...
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Stocks Sink After S&P Issues Warning On U.S. Debt
NEW YORK (CBSNewYork/AP) — A warning from Standard & Poor’s that the agency might lower its rating on U.S. government debt sent stocks on their worst slide in a month. S&P said Monday that...
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New York State Attorney General Eric Schneiderman Probing Banks’ Role In...
ALBANY, NY (AP) – New York Attorney General Eric Schneiderman is seeking records from three major Wall Street banks as part of a broad investigation into the mortgage crisis that fueled the recession,...
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Bank Executives, Treasury Department Officials Meet At Federal Reserve To...
NEW YORK (CBSNewYork/AP) — While all eyes are on Washington as Congress tries to hammer out a deal to raise the nation’s debt ceiling, a crucial meeting on the matter started here in New York....
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No Decisions Announced At New York Federal Reserve Meeting As Debt Ceiling...
NEW YORK (CBSNewYork/AP) — Executives from the country’s biggest banks met with U.S. Treasury officials Friday to discuss how debt auctions will be handled if Congress fails to raise the borrowing...
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Reports: Corzine Being Eyed As Possible Replacement For Geithner
NEW YORK (CBS 2) — Former New Jersey governor Jon Corzine may be looking at a new job in Washington. He’s reportedly being eyed as a possible replacement for Treasury Secretary Timothy Geithner. That’s...
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Village Doorman Is There To Sign For Your Package
NEW YORK (WCBS 880) – It’s a classic urban dilemma: you have a package coming that needs a signature, but you can’t be there and don’t have a doorman. So, what do you do? WCBS 880’s Alex Silverman On...
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‘Occupy Wall Street’ Protests Coming To New Jersey
JERSEY CITY, N.J. (CBSNewYork/AP) — The “Occupy Wall Street” movement is coming across the Hudson River. Demonstrators are planning to gather Thursday afternoon in front of the Goldman Sachs offices in...
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Police Scuffle With Protesters As Thousands March To City Hall As Part Of...
NEW YORK (CBSNewYork) — The “Occupy Wall Street” rally gained thousands of new supporters as New York City became protest city on Wednesday when the group marched to City Hall. The protests, however,...
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‘Occupy Wall Street’ Protest Spreads To Jersey City, Trenton
NEW YORK (CBSNewYork/AP) — You don’t have to live in New York to be fed up with Wall Street. Now, the “Occupy Wall Street” movement has found its way to Jersey City. About 100 protesters gathered...
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‘Occupy Wall Street’ Movement Gains Momentum, Attention And Controversy
NEW YORK (CBSNewYork) — As the Occupy Wall Street demonstrations gain momentum and attention, the movement has been getting support from some unlikely places and has spawned questions about what...
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Former Goldman Sachs Board Member Surrenders To Feds In Hedge Fund Insider...
NEW YORK (CBSNewYork/AP) — A former Goldman Sachs board member has surrendered to federal authorities to face criminal charges involving a massive hedge fund insider trading case. LISTEN: 1010 WINS’...
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Bloomberg Flip-Flopping On OWS?; Protesters Arrested In Sept. Go To Court
NEW YORK (CBSNewYork) — The “Occupy Wall Street” protest has been a difficult one for Mayor Michael Bloomberg to get his head around. He started off an ardent supporter of the right to protest, but as...
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Fmr NJ Gov. Jon Corzine Steps Down As MF Global CEO
WASHINGTON (CBSNewYork/AP) — Former New Jersey Gov. Jon Corzine has resigned as CEO of MF Global. WCBS 880’s Irene Cornell On The...
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Occupiers Arrested Following Dance-Off At World Financial Center’s Winter Garden
NEW YORK (CBS New York/AP) — The NYPD has arrested 18 demonstrators at a protest in Lower Manhattan, according to Occupy Wall Street organizers. Organizer Sandra Nurse said police removed a crowd of...
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Two Plead Guilty In Sub-Prime Mortgage Probe
NEW YORK (AP / CBSNewYork) – Two former Credit Suisse traders pleaded guilty to conspiracy and signed cooperation agreements Wednesday in a long-running probe of the federal sub-prime mortgage...
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Bloomberg Calls Attacks On Goldman Sachs ‘Ridiculous’
NEW YORK (CBSNewYork/AP) — Mayor Michael Bloomberg says the attention given to a Goldman Sachs’ employee’s scathing editorial about the company is “ridiculous.” On his weekly appearance on WOR Radio...
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Blumenthal Wants Holder To Investigate Energy Speculators
HARTFORD, CT (CBSNewYork) – It was about one year ago, when gas prices were a lot lower than they are now, that U.S. Attorney General Eric Holder appointed a task force to look into possible fraud...
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Goldman Sachs Invests $10 Million To Reduce NYC Recidivism Rates
NEW YORK (CBSNewYorkAP) – Goldman Sachs will invest almost $10 million in a New York City jail program that will allow the investment firm to profit if it can reduce recidivism rates, city officials...
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Former Goldman Sachs Executive Sentenced For Insider Trading
NEW YORK (CBSNewYork/AP) – A former Goldman Sachs and Procter & Gamble Co. board member convicted of insider trading will serve two years in prison, it was announced Wednesday afternoon. He was...
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News Corp. Acquires 49 Percent YES Network Stake
NEW YORK (CBSNewYork/AP) – News Corp. said Tuesday it was acquiring a 49 percent stake in the YES Network, the New York Yankees’ regional cable sports channel. Yankee Global Enterprises, Goldman Sachs...
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Eye On Politics: One-On-One With Jersey City’s New Mayor – Steve Fulop
JERSEY CITY, N.J. (CBSNewYork) – In Jersey City, the new mayor – Steve Fulop – can usually be found hard at work behind his desk well before 8 a.m. That’s where WCBS 880’s Steve Scott found him Monday...
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Goldman Sachs Exec Pleads Not Guilty To Raping Woman In Hamptons Bathroom
RIVERHEAD, N.Y. (CBSNewYork/AP) — A New York City investment banker is free on bail after being arraigned Friday on charges that he raped a woman he met at a nightclub on Long Island. Jason Lee, a...
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Crewmembers In Jersey City Ferry Mishap Pass Alcohol Tests
JERSEY CITY, N.J. (CBSNewYork/AP) — The three crewmembers of a ferry boat that hit a pier in Jersey City passed alcohol tests shortly afterward, officials said. Pat Smith, a spokesman for ferry...
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De Blasio Appoints Goldman Sachs Exec As Deputy Mayor Of Housing And Economic...
NEW YORK (CBSNewYork/AP) — An executive from Goldman Sachs was named the deputy mayor of housing and economic development by New York City Mayor-elect Bill de Blasio on Monday. Alicia Glen is the...
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BASE Jumpers Defend WTC Stunt, Say It Exposed ‘Hole In Security’
http://media.newyork.cbslocal.com/CBSNY_20140325172218047AA.mp4 NEW YORK (CBSNewYork/AP) — Four men charged with BASE jumping off 1 World Trade Center last fall are defending their stunt, saying it...
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Former Goldman Sachs Managing Director Faces Rape Trial In The Hamptons
RIVERHEAD, N.Y. (CBSNewYork/AP) – A former New York City investment banker faces trial on eastern Long Island on charges he raped a woman he took home after celebrating his birthday at a Hamptons...
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Friend Of Accuser Tearfully Testifies At Hamptons Rape Trial
RIVERHEAD, N.Y. (CBSNewYork/AP) — The friend of a woman, who has accused a former New York City investment banker of raping her at an East Hamptons house, cried throughout her testimony Tuesday. The...
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Judge Plans To Announce Verdict In Hamptons Rape Trial
NEW YORK(CBSNewYork/AP) — A judge hearing a non-jury trial in the case of a former New York City investment banker charged with raping an Irish tourist he met at a Hamptons nightclub on Long Island...
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Computer Programmer Convicted, Again, In Goldman Sachs Case
NEW YORK (CBSNewYork) — It was a bizarre end to a legal case involving a Goldman Sachs computer programmer. As WCBS 880’s Monica Miller reported, a Manhattan jury found Sergey Aleynikov guilty of...
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Goldman Sachs CEO Blankfein Says He Has Lymphoma
NEW YORK (CBSNewYork/AP) — The CEO and chairman of Goldman Sachs says that he has a form of lymphoma that is “highly curable.” Lloyd Blankfein said in a post on the firm’s website Tuesday that he...
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US, Goldman Sachs Reach $5 Billion Settlement Over Risky Mortgages
NEW YORK (CBSNewYork/AP) — The Justice Department on Monday announced a $5 billion settlement with Goldman Sachs over the sale of mortgage-backed securities leading up to the 2008 financial crisis. The...
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Goldman Sachs Bans Senior Employees From Donating To Trump Campaign, Clinton...
NEW YORK (CBSNewYork/AP)– The nation’s largest investment bank is barring its top employees from contributing to certain political campaigns, including Donald Trump’s White House bid. But the policy...
View ArticleGoldman Sachs Asks ‘Is Curing Patients A Sustainable Business Model?’
(CBS Local) — Investment banking giant Goldman Sachs is reportedly asking some very cold questions about the healthcare industry and whether it’s a good business move to cure diseases. In an April 10...
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Report: Goldman Sachs VP Charged With Insider Trading
A Goldman Sachs vice president has reportedly been charged in a Manhattan court with securities fraud.
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