Newsmakers

CalPERS ‘Disturbed’ by Goldman Fraud Case

The country’s largest government pension fund, which owns 1.8 million shares in the embattled investment bank, says the fund’s corporate governance staff will examine Goldman practices and influence the makeup of Goldman's board if needed.

Hit to Goldman’s Reputation Will Be Harder to Recoup

Analysts say the U.S. Securities and Exchange Commission’s civil fraud charges could force Goldman to pay hundreds of millions in fines and restitution. The blow to the firm’s reputation may be harder to salvage.

Abu Dhabi Fund Names New Chief

Sheikh Hamed bin Zayed al Nahyan will become the new boss of Abu Dhabi's SWF, replacing his late brother who died in a glider crash in a lake in Morocco.