Page last updated at 15:26 GMT, Tuesday, 27 April 2010 16:26 UK

Goldman Sachs 'profited from collapse' says Senator

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Senior Goldman Sachs executives are appearing before a US Senate committee to give evidence about the bank's actions before the global financial crisis.

Senator Carl Levin opened proceedings with the accusation that the investment bank had abused its relationship with clients.

He also said the bank bore some of the responsibility for triggering the crisis, and that "when the system finally collapsed... Goldman profited".

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