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3 Jul, 2014

Gmail blocks Goldman Sachs error email

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Google blocks a Gmail user from accessing a confidential message that was accidentally sent by a Goldman Sachs contractor, a Goldman spokesperson told Reuters Wednesday.  The email contained confidential and privileged client information and was sent to “gmail.com” instead of  “gs.com.”  The error may have caused a “needless and massive” breach of privacy, so the company asked Google to block the message, and the company complied with the request.  The email is blocked but not deleted, an action that requires a court order. The previous day, Goldman Sachs files a complaint in a New York state court in Manhattan to have the email deleted. In the court documents the firm states:

Emergency relief is necessary to avoid the risk of inflicting a needless and massive privacy violation upon Goldman Sachs’ clients, and to avoid the risk of unnecessary reputational damage to Goldman Sachs.

20 Feb, 2023

Musk’s cost-cutting hurts Goldman Sachs

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Musk’s “cost-cutting exercise” contributes to a rapid growth in delinquencies of commercial real estate loans for Goldman Sachs. After Musk’s attempt to avoid taking over Twitter, he began seeking ways to cut costs, which included not paying rent. Now, Twitter’s landlord, Columbia Property, is suing and defaulted on its loan from Goldman Sachs as a result. (Goldman Sachs was part of a group of banks that provided $1.7 billion in loans to Columbia Property. The loan was secured against seven office buildings in San Francisco and New York, two of which accommodate large Twitter offices.)