Global settlement.Global Settlement: More than two dozen investment banks The following is a list of investment banks Financial conglomerates Large financial-services conglomerates combine commercial banking and investment banking, and sometimes insurance. including Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. Group Inc. and Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. & Co. Inc. agreed to pay $99 million to settle a class-action lawsuit that accused Global Crossing Ltd. and its bankers of falsifying fal·si·fy v. fal·si·fied, fal·si·fy·ing, fal·si·fies v.tr. 1. To state untruthfully; misrepresent. 2. a. financial records to hide massive losses. The investment banks served as underwriters and financial advisors to Global Crossing, the former Beverly Hills-based telecommunications company that wiped out $45 billion in shareholder equity before filing for bankruptcy in 2002. |
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