Executives at Goldman Sachs sold almost $700m worth of stock following the collapse of Lehman Brothers last September, according to filings with the Securities and Exchange Commission compiled by the Financial Times.
Most of the sales by executives at the Wall Street investment bank occurred during the period in which the firm enjoyed the support of $10bn in government funds from the troubled asset relief programme.
The surge in selling among Goldman partners, coming at a time when the US government had thrown a lifeline to Wall Street, is likely to draw the ire of lawmakers on Capitol Hill.
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