Leading investment banking and investment management firm, Goldman Sachs is continuing to bear the brunt of bad publicity and suspicion for its alleged unethical business practices.
Investigators have made it clear that excessive attention to the profits of the company rather than to investor welfare led the firm into promoting unreliable financial products. Analysts believe that these products contributed to the financial crisis, which in turn set off the economic downturn. These allegations have led to investigations and a review of the company’s actions by several bodies, including the SEC. [Read more…]