Goldman Sachs: Massive sales of shares

goldman-sachsManager of the U.S. bank Goldman Sachs have a newspaper report that since the collapse of rival Lehman Brothers shares worth nearly 700 million U.S. dollars (501 million euros) disgusted. The sales were mainly in the period have been incurred in which the institution with ten billion dollars in government aid money had been based, reported the Financial Times, relying on communications with the U.S. Securities and Exchange Commission SEC on Tuesday. A Goldman spokeswoman wanted to comment on the report did not comment.

Between September 2008 and April 2009 sold the manager, therefore, Goldman shares worth 691 million U.S. dollars, and thus far more than a year ago: Between September 2007 and April 2008 were limited shares in the amount of 438 million U.S. dollars have been sold, although the share price at that time was significantly higher, reported the newspaper. Especially many shares are December to February had been sold.

Goldman titles listed in this period, near a record low after the Bank in the final quarter, the first time since its IPO in 1999 in the red numbers had slipped. After the collapse of Lehman Brothers had Goldman because of the turmoil in the financial markets from a pure investment bank into a commercial bank must convert in order to better access to government assistance.

However, Goldman has been much better by the financial crisis came as most competitors. In the last month paid the bank, like other large institutions are state aid to the government. On Tuesday, the bank stock before the start numbers for the previous quarter to submit. Analysts expected thanks to strong trading results and an attractive business issue a significant profit.

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