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Lloyd Blankfein

Goldman unveils checks on conflicts in bid to fix image

After dozens of meetings with executives and regulators, 100,000 hours of employee training and an immeasurable amount of public grief, Goldman Sachs Group Inc's Lloyd Blankfein claimed success in putting the bank and his legacy as CEO back on track.At Goldman's annual meeting on Thursday, Blankfein unveiled details of a three-year review and overhaul of the bank's practices in dealing with clients, following high-profile missteps that tarnished its reputation in the aftermath of the financial crisis. The overhaul imposes checks, including through elaborate computerized systems, to ensure that the bank is fair to clients and avoids conflicts, such as being on different sides of the same trade.Goldman's changes do not appear to go beyond the kind of committee reviews that other Wall Street firms now do, executives at two rival banks said. But they added the use of computerized analyses to detect unfair deals could make the system more effective than rivals' at catching potential pitfall...

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    Long seen as the unofficial king of Wall Street, Jamie Dimon's grasp on power is now under unprecedented assault from those who fear he's grown too dominant.The batt...

  3. Buffett Managers Score Big Payday

    Warren Buffett told investors in March he "hit the jackpot" hiring two former hedge-fund managers to help run Berkshire Hathaway Inc.'s investing business.Todd Combs...

  4. Exclusive: Goldman's special situations group names new global head

    Goldman Sachs Group Inc has named Julian Salisbury to become head of its Global Special Situations Group, as current head Jason Brown retires, according to memos sen...

  5. American Express Shareholders Reject Proposal to Split Chairman, CEO Roles

    American Express Co. (AXP) shareholders on Monday rejected a proposal to separate the roles of chairman and chief executive held by Kenneth Chenault.Investors voted ...

  6. American Express Shareholder Proposal Fails

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  7. Activision CEO Kotick among top-paid CEOs in U.S.

    Videogame publisher Activision Blizzard Inc's Chief Executive Robert Kotick received a total compensation of $64.9 million last year, making him one of the top paid ...

  8. MARKET SNAPSHOT: Stocks Rebound After Hardest Hit Of 2013

    U.S. stocks closed with substantial gains Tuesday, rebounding from their hardest knock this year as first-quarter reports from companies including Coca-Cola Co. beat...

  9. MARKET SNAPSHOT: U.S. Stocks Recover After Biggest Drop This Year

    U.S. stocks rose sharply Tuesday as gold bounced back from its biggest decline in decades and earnings from Coca-Cola Co. and Goldman Sachs Group Inc. topped expecta...

  10. Goldman Profit Up 7.2% on Higher Investment-Banking Revenue

    Goldman Sachs Group Inc.'s (GS) first-quarter profit rose 7.2%, beating Wall Street's expectations, as revenue gains from the underwriting businesses overcame a drop...

  11. Goldman Sails Past Forecasts on Investment Banking Growth

    Buoyed by strength in its formidable investment-banking arm, Goldman Sachs (NYSE:GS) beat estimates on Tuesday with a 7.2% rise in first-quarter profits despite a sl...

  12. Goldman Sachs Q1 Earnings Beat Estimates

    Goldman Sachs Group. Inc. said Tuesday its first-quarter profit increased to $2.26 billion, or $4.29 a share, from $2.11 billion, or $3.92 a share in the first-quart...

  1. Goldman Sachs Re-elects Board, Releases Report

    Goldman Sachs Group Inc. shareholders re-elected all twelve directors at the annual meeting in Salt Lake City, Utah on Thursday. Shareholders also approved the firm'...

  2. Goldman Adopts Business Practice Initiatives

    Goldman Sachs Group Inc. (GS) said it has adopted all 39 initiatives it proposed to strengthen its business practices in the wake of the financial crisis, a step des...

  3. Goldman Sachs Says It Adopts All 39 Initiatives To Address Conflicts Of Interest, Other Business Issues

    Goldman Sachs Group Inc. (GS) said it has adopted all 39 initiatives it proposed to strengthen its business practices in the wake of the financial crisis, a step des...

  4. Goldman Worlds Apart from J.P. Morgan as Investor Meeting Looms

    Goldman Sachs Group Inc. (GS) will hold its annual shareholders meeting Thursday morning in Salt Lake City, nearly 2,000 miles from the firm's Wall Street headquarte...

  5. Goldman Sachs Chief Confident Euro Will Survive

    The chief executive of Goldman Sachs (GS), Lloyd Blankfein, is confident the euro will survive despite the debt crisis, he said in an interview with newspaper Welt a...

  6. Goldman Sachs Chief Confident Euro will Survive - Report

    The chief executive of Goldman Sachs (GS), Lloyd Blankfein, is confident the euro will survive despite the debt crisis, he said in an interview with newspaper Welt a...

  7. Glass Lewis: Goldman shareholders should vote no on compensation

    Goldman Sachs Group Inc shareholders should vote against the Wall Street bank's executive compensation proposal because the board has "failed to link pay with perfor...

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