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

Goldman Sachs executive denies fraud at Senate hearing

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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".

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