3 ms·
CORRECTION: An earlier version of this story described the bond deal as a sale to retail clients. According to a Goldman Sachs spokesperson, it was a "reverse i
by omonra 14y ago
CORRECTION: An earlier version of this story described the bond deal as a sale to retail clients. According to a Goldman Sachs spokesperson, it was a "reverse inquiry" for a single institutional client. The company denies that it "made money" betting against this client. The company also points out that Bill Shope is an equities analyst in the research department, which it describes as independent and "totally walled off" from the securities division where the notes were issued.