Summary
THE London market tumbled into the red yesterday after shock news that US investment bank Goldman Sachs had been accused of fraud by America's Securities and Exchange Commission (SEC).
Stocks worldwide plummeted after the SEC announced it was filing a civil fraud charge against Goldman over allegations that it defrauded investors in its disclosures about securities it sold which were tied to sub-prime mortgage securities.See the full content of this document
Extract
Footsie Falls Into Red After Goldman Bombshell
The FTSE-100 index, which had seen stable trading for much of the day, dropped by as much as 1.7% ...
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