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The reputations of JPMorgan Chase, Morgan Stanley and Goldman Sachs have all been taken down a notch or two in recent months. The latest black eye came in the wake the flubbed Facebook IPO.
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NPR's John Ydstie wraps up the week's economic news, looking at banking stress tests, the markets' performance and the Goldman Sachs resignation.
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Thanks to a New York Times column blasting his employer, Goldman Sachs' Greg Smith became the latest in a long line of folks who echoed one-hit-wonder country singer Johnny Paycheck. Here are a few others.
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Greg Smith's scathing op-ed resignation letter is the talk of Wall Street. Now Goldman Sachs is trying to minimize the damage. And the Web is lighting up with chatter and parodies.
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A departing banker writes a scathing op-ed about changes in the bank's culture. "[T]he environment now is as toxic and destructive as I have ever seen it."