Boy we’ve come a long way from Blankfein’s claim that Goldman was “doing God’s work”. After being scolded in a recent court opinion, Goldman Sachs Group Inc. is considering strengthening its internal rules on disclosure to clients of bankers' financial holdings the Wall St Journal writes.
Goldman's review—and similar initiatives by some of its rivals—could provide companies with greater transparency on the financial interests of the bankers they hire to advise on deals. In a statement to The Wall Street Journal, Goldman said it was reviewing its "policies and procedures related to bankers' investments and how they are disclosed, with the goal of strengthening them….."
Read all about it at http://online.wsj.com/article/SB10001424052702304459804577285361058353548.html?mod=WSJ_article_forsub
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