Goldman Sachs http://kunc.org en Tourre Juror: 'We Saw Goldman As The Bigger Problem' http://kunc.org/post/tourre-juror-we-saw-goldman-bigger-problem Beth Glover was a juror on the <a href="http://www.npr.org/templates/story/story.php?storyId=207963970" target="_blank">trial of former Goldman Sachs trader Fabrice Tourre</a>. When the lawyers were discussing the mortgages tied to the securities at the center of the case, Glover realized that, for all intents and purposes, they were talking about her mortgage.<p>"When they were looking at the subprime mortgage groupings, I think I would have been in one of those," Glover told me. "I didn't have as great as FICO score at that time."<p>Glover's an Episcopal priest. Fri, 09 Aug 2013 07:07:00 +0000 48135 at http://kunc.org Tourre Juror: 'We Saw Goldman As The Bigger Problem' Former Goldman Trader Found Liable For Billion-Dollar Fraud http://kunc.org/post/former-goldman-trader-found-liable-billion-dollar-fraud A federal jury in New York City has found that Fabrice Tourre, the former Goldman Sachs trader who regulators say caused investors to lose $1 billion, is liable in the mortgage securities fraud case filed against him by the Securities and Exchange Commission.<p>Regulators say Tourre, 34, a native of France who was nicknamed "Fab" in his office, packaged toxic subprime mortgages into a collateralized debt obligation that was sold to investors under the name Abacus in 2007.<p>"The U.S. Securities and Exchange claims Tourre hid the role of hedge fund Paulson & Co. Thu, 01 Aug 2013 20:21:00 +0000 Bill Chappell 47819 at http://kunc.org Former Goldman Trader Found Liable For Billion-Dollar Fraud Rising Interest Rates Worry Banking Industry http://kunc.org/post/rising-interest-rates-worry-banking-industry Five years after the start of the financial crisis, the U.S. banking industry continues to earn strong profits. On Tuesday, Goldman Sachs became the latest big bank to report better than expected earnings. But rising interest rates mean a riskier environment for banks. Wed, 17 Jul 2013 08:42:00 +0000 Jim Zarroli 47182 at http://kunc.org Book Explores Downfall Of An Indian-American Business Icon http://kunc.org/post/book-explores-downfall-indian-american-business-icon Rajat Gupta was one of the wealthiest and most successful men in America and an icon of the Indian-American community. Today, he faces two years in prison for insider trading, convicted of passing corporate secrets to his billionaire friend and Galleon Group founder Raj Rajaratnam.<p>Gupta was already a wealthy man; what was the motive for his crime? Tue, 04 Jun 2013 07:28:00 +0000 45266 at http://kunc.org Book Explores Downfall Of An Indian-American Business Icon Goldman Cuts BlackBerry Rating After Stalled Smartphone Launch http://kunc.org/post/goldman-cuts-blackberry-rating-after-stalled-smartphone-launch Goldman Sachs on Monday downgraded BlackBerry after a disappointing launch for the company's new smartphone, the Z10.<p><a href="http://blogs.wsj.com/canadarealtime/2013/03/25/marketbeat-disappointing-blackberry-launch-spurs-goldman-downgrade/"><em>The Wall Street Journal</em></a> reports that Goldman slashed its investment rating on the Canada-based company — formerly known as Research in Motion, or RIM — to neutral from buy, citing weak support for the new product.<p>"While we thought the international launch was solid, the U.S. Mon, 25 Mar 2013 18:47:00 +0000 Scott Neuman 42008 at http://kunc.org Goldman Cuts BlackBerry Rating After Stalled Smartphone Launch