DealZone

Getting raked over the coals for allegedly shady trading practices does nothing for the public’s trust in a company. But if the bottom line is affected, then it gets real serious.

Goldman’s top brass, along with other executives, are scurrying around the globe to meet with jittery corporate clients. They are holding phone calls with anxious customers and taking hedge fund trading partners out to sushi lunches, all in a bid to prevent business from going to one of its competitors.

For our special report on the impact on Goldman, and the companies response to the SEC’s civil fraud charges, click here. Find a graphic of Goldman’s share price and significant events here, or a look at Goldman’s shrinking U.S. IPO proceeds here.

In the cut-throat world of investment banking, rivals are looking for ways to use the fraud charges against Goldman Sachs to chip away at the firm’s armor.

Investment bankers have been lobbying executives at state-owned Agricultural Bank of China and pushing officials in Beijing to drop Goldman as an underwriter for the more than $20 billion IPO the Chinese bank is preparing, sources told Reuters.

Rivals are also asking officials at state-controlled Bank of Communications to ditch Goldman from its joint global coordinator role in the $6.1 billion rights issue that China’s fifth-largest bank is planning for the Hong Kong Stock Exchange.