Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

Showing Original Post only (View all)


(11,641 posts)
Sun Mar 27, 2016, 09:05 PM Mar 2016

Goldman Sachs probed in alleged rigging of Treasury market (Market Watch - March 21, 2016) [View all]

Goldman Sachs probed in alleged rigging of Treasury market

Published: Mar 21, 2016 11:32 a.m. ET

Investigators obtain chats and emails that appear to implicate Goldman in manipulating Treasury note prices

Washington’s probe into the alleged rigging of the $13 trillion US Treasurys market by Wall Street banks has narrowed its focus to a handful of firms — including Goldman Sachs, The Post has learned.

In addition, European authorities have opened up their own investigation into possible Treasurys bid-rigging, sources said.

Investigators in the fraud division of the Justice Department have obtained chats and e-mails from Goldman GS, -0.70% that appear to implicate the company in manipulating the price of Treasury bonds, according to two sources familiar with the investigation.

Those chats and e-mails are being analyzed to determine if traders at other banks could be involved with any possible bid-rigging of US government debt, those two people said.

The identities of any traders in investigators’ cross-hairs couldn’t be learned...

Read more:
16 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Latest Discussions»General Discussion»Goldman Sachs probed in a...