Page last updated at 16:05 GMT, Tuesday, 27 April 2010 17:05 UK

Goldman Sachs executive denies fraud at Senate hearing


The only Goldman Sachs executive charged in a US government lawsuit against the firm has denied hiding information from clients.

Fabrice Tourre told a US Senate committee he did not push an investment designed to lose value, saying "the transaction was not designed to fail... when the securities declined in value, we lost money too".


Story Tools


Sign in

BBC navigation

Copyright © 2019 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific