Word is out that Goldman Sachs has reached a $5.1bn (€4.5bn) "settlement with US authorities over mis-sold mortgage-backed securities, in a final agreement that sheds new light on banks’ behaviour in the run-up to the financial crisis." To gain an understanding into the world of the world's most powerful and secretive investment bank, this intruiging Sunday Times November 2009 profile with CEO Lloyd Blankfein is a worthwhile read.
The introduction of the article might as well read as the start of a novel:
"Number 85 Broad Street, a dull, rust-coloured office block in lower Manhattan, doesn't look like a place to stop and stare, and that's just the way the people who work there like it. The men and women who arrive in the watery dawn sunshine, dressed in Wall Street black, clutching black briefcases and BlackBerrys, are very, very private. They walk quickly from their black Lincoln town cars to the lobby, past, well, nothing, really. There's no name plate on the building, no sign on the front desk and the armed policeman stationed outside isn't saying who works there. There's a good reason for the secrecy. Number 85 Broad Street, New York, NY 10004, is where the money is. All of it."