Wall Street CEOs Want the Line Between a Federally-Insured Bank and a Wall Street Trading Casino Erased; Regulators Want Higher Capital to Prevent That

By Pam Martens and Russ Martens: David Solomon, Chairman and CEO, Goldman Sachs David Solomon, Chairman and CEO of Goldman Sachs, let it slip out at yesterday’s Senate Banking hearing what is really driving the mega banks’ backlash against federal banking regulators’ proposal to raise capital requirements at banks with more than $100 billion in total…

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Goldman Sachs Banker Arrested For Insider Trading Scheme

Goldman Sachs has avoided staying out of the insider trading spotlight for about a year. But on Friday, new court documents reveal that an investment banker at the firm’s New York branch was arrested for his alleged involvement in an insider trading scheme that generated $2.6 million in illicit profits, according to Bloomberg.  Bryan Cohen, a vice president…

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