Smith Quit Goldman After 'Unrealistic' $1M Pitch
Oct. 18 (Bloomberg) -- Greg Smith, the former Goldman Sachs salesman who publicly accused the firm of ripping off its clients, was denied a raise and a promotion in the weeks before he resigned in March, documents provided by Goldman show. Qam CIO Sarah Quinlan and Bloomberg Contributing Editor Bill Cohan talk with Erik Schatzker on Bloomberg Television's "Market Makers." (Source: Bloomberg)
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Opec Agrees to Cut Oil Production
19:01 - Oil held gains after the biggest advance since April as OPEC agreed to reduce production for the first time in eight years, surprising traders who had expected members to maintain output. Futures were little changed in New York after surging 5.3 percent Wednesday. The Organization of Petroleum Exporting Countries agreed to cut production to a range of 32.5 million to 33 million barrels a day, Iran’s Oil Minister Bijan Namdar Zanganeh said after the meeting in Algiers. JPMorgan Asset Management Head of European Equity Strategy Stephen MacKlow-Smith discusses with Bloomberg's Anna Edwards and Manus Cranny on "Countdown."