Tuesday, April 20, 2010

Expect more RBI action before July policy review: Experts

Expect more RBI action before July policy review: Experts
Faced under fire, a Wall Street bank Goldman Sachs and fresh barrage of public criticism and political today as it revealed a jump by 90% in profits in spite of accusations of dishonesty in dealing with customers, raise the specter of bonuses worth millions of dollars in the height of the battle in Washington over regulatory reform.
Just days after regulators in the United States began to $ 1bn (£ 650m) fraud action against the company, Goldman revealed a surge in quarterly profit of $ 1.8bn dollars 3.5bn and revealed that he had been allocated $ 5.49bn to pay its employees. Senior counsel at the bank refuted the prosecution to the Securities and Exchange, and insisted on Goldman did not mislead customers and describing the situation as “he says, and says:” the conflict.
Goldman provided figures up to the level required by the White House, which is preparing for a new campaign on Wall Street on Thursday when Barack Obama will visit New York to address an urgent case for the campaign against the financial sector.

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