Goldman Sachs Group Inc. director Stephen Friedman, facing criticism at the financial firm's annual meeting, defended his purchase of Goldman shares while chairman of the New York Federal Reserve Bank.
Responding to a shareholder question, Mr. Friedman said he bought Goldman shares when they were inexpensive, adding that it was a good time for directors to show their "confidence" in their company's stock.
May 19 (Bloomberg) -- The cost of borrowing in dollarsbetween banks had its biggest two-day drop in more than fourmonths amid confidence record low interest rates and a recoveryamong financial institutions is unlocking credit.
May 19 (Bloomberg) -- Bidders for BankUnited FinancialCorp., the ailing Florida bank, were told by U.S. officials thatregulators plan to put the lender into receivership beforeselling its assets.
May 19 (Bloomberg) -- JPMorgan Chase & Co. Chief ExecutiveOfficer Jamie Dimon said the firm aims to be able to repay U.S.aid “in the next few weeks,” after receiving guidelines fromthe government.
NEW YORK, May 8 (Reuters) - Goldman Sachs Group Inc (GS.N)director Stephen Friedman, who quit as Federal Reserve Bank ofNew York chairman on Thursday amid conflict-of-interestquestions.
Stephen Friedman has spent a 43-year career in the financial world wearing many hats, including investment banker, chief of Goldman Sachs Group Inc., private-equity executive and economic adviser to the president.
4:27
2:43
6:38
