A resigning director claims banking titan Goldman Sachs has become a ‘toxic and destructive’ firm focused on milking clients for everything it can.

Hedge fund founder Raj Rajaratnam was found guilty on all 14 counts of insider trading in a sweeping victory for the United States government.

Goldman Sachs CEO Lloyd Blankfein on Tuesday faced a blistering cross-examination from US lawmakers about the company’s behaviour toward its clients.

Embattled Goldman Sachs boss Lloyd Blankfein will tell lawmakers on Tuesday the company did not bet on the collapse of the housing market.