Newswires’ Senior Editor Gabby Stern reports on Goldman’s annual meeting:
Goldman Sachs (GS) CEO Lloyd Blankfein has acknowledged – at this morning’s annual meeting – that the SEC fraud charges against the investment bank raised questions “that have gone to the heart of our most fundamental value: How we treat our clients.” Investors could interpret this as a sign Goldman intends to fix its wobbly reputation – hammered by allegations the bank wasn’t transparent with customers. One avenue would be a quick face-saving settlement with the SEC, as Fox Business and The Wall Street Journal have reported is in early discussions.
For instant analysis, check the live blog from WSJ’s Deal Journal, with reports from inside the auditorium from colleagues Joe Bel Bruno, Brett Philbin, Sue Craig and Peter Eavis.
