Goldman Sachs

Elizabeth Warren tells Morning Editionthat audio tapes made by an investigator working for the New York Fed re-enforce the perception of a disturbingly cozy relationship between regulators and banks.

The former Fed employee recorded 46 hours of meetings using a small device on her keychain. The concern, says ProPublica reporter Jake Bernstein, is the Fed may be too cozy with banks it oversees.

"We didn't feel any malice" toward Tourre, a juror said. "We felt sympathy at times."

The SEC pursued civil charges against Fabrice Tourre, meaning that his punishment could range from a fine to a lifetime ban from trading in securities. A federal jury in New York City found that Tourre misled investors in a mortgage securities deal.

Five years after the start of the financial crisis, the U.S. banking industry continues to earn strong profits. On Tuesday, Goldman Sachs became the latest big bank to report better than expected earnings. But rising interest rates mean a riskier environment for banks.

Rajat Gupta was one of the wealthiest and most successful men in America. Why would he throw that away on an insider-trading scheme? A new book from financial journalist Anita Raghavan tries to uncover the motivations of a man who lost everything in the Galleon Group scandal.

The Z10 was supposed to be BlackBerry's salvation, but early reports show the launch didn't go so well.

Gupta was once a director at Goldman Sachs and Procter & Gamble. He was convicted of leaking information to convicted hedge fund manager Galleon Rajaratnam.

A Senate panel found last year that Goldman Sachs marketed four sets of complex mortgage securities to banks and other investors, but failed to tell clients the securities were very risky. The Justice Department said the "burden of proof to bring a criminal case" could not be met.

The former managing partner of McKinsey & Co. and director at Goldman Sachs Group Inc. and Procter & Gamble was convicted of giving tips to billionaire hedge fund manager Raj Rajaratnam.