Josh Birnbaum, one of the traders who led the push by Goldman Sachs into bets against subprime-mortgage bonds, has left the world's biggest securities firm and plans to form a $1bn hedge fund.
Added: 2008-04-17
Subprime star Josh Birnbaum leaves Goldman
Category: varial newsFTSE hit by housing market slide
A grim update from Persimmon, the country's biggest housebuilder, sent the construction sector lower and dragged down other companies with exposure to the housing market
Maliki gives Basra gunmen 72 hours to disarm
Shia cleric urges talks with Iraq PM to end army siege as fierce street battles continue for the second day running
Co-op edges closer to takeover of Somerfield
A takeover of Somerfield edged closer last night after it emerged that talks between the British supermarket chain and its suitor, the Co-op, were progressing despite disagreements over price.