Seeking Alpha |
November 23rd, 2008 |
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The Oracle of Omaha, who once derided derivatives as "weapons of mass destruction" has apparently entered into a derivatives bet that could ultimately result in losses of over $37 Billion. According to Reuters, some shocking high points from what I used to consider the ultimate in conservatism: The SEC released [...]
Financial Times |
November 23rd, 2008 |
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HSBC yesterday beefed up its board with the appointment of a past Bank of England deputy governor and a former president of Goldman Sachs, writes Stanley Pignal[...]
Portfolio |
November 23rd, 2008 |
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As John Carney notes today, Citigroup's market capitalization is $21 billion; that of Goldman Sachs is $20 billion. Can anyone say "merger of equals"? Nothing's unthinkable in this market, not even the idea that you can tie two rocks together and hope that they float. Reportedly Lloyd Blankfein approached Vikram [...]
The Deal Blogs |
November 11th, 2008 |
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Rumors continue to swirl that things are getting pretty ugly for Goldman Sachs Group Inc. ahead of the former investment bank's fourth-quarter earnings announcement. Now, some analysts are forecasting a fourth-quarter loss that could top $600 million and the laying off of thousands. Goldman's shares are sinking fast (they hit a [...]
NYT Dealbook |
November 11th, 2008 |
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Yet another Wall Street analyst is out with a prediction that Goldman Sachs will lose money for the first time ever when the investment bank reports its fourth-quarter profits. David Trone of Fix-Pitt Kelton now expects Goldman Sachs to post a loss of $1.55 a share for the quarter - [...]
The Street |
November 10th, 2008 |
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Goldman Sachs shares were down 8.5%.[...]
New York Post |
November 10th, 2008 |
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Wall Street's bonus gravy train appears to be switching tracks. Goldman Sachs and other major investment banks are mulling tweaks to the way bonuses are paid to executives as these embattled firms come under intense scrutiny for taking tens of[...]
Seeking Alpha |
November 9th, 2008 |
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Thursday heralded the long awaited release of figures compiled by the Depository Trust & Clearing Corporation ((DTCC)). The latter is controlled by banks, amongst which are JPMorgan (JPM) and Goldman Sachs (GS). From their article:[...]
Miami Herald |
November 6th, 2008 |
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Goldman Sachs (GS) has begun notifying about 3,200 employees globally that they have lost their jobs, as the world's biggest investment bank slashes expenses to ride out the financial crisis, says a person familiar with the situation.[...]
FT Alphaville |
November 6th, 2008 |
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Goldman Sachs notified roughly 3,200 employees this week that they have been laid off, part of previously reported plans to slash 10% of the firm's global work force amid slumping markets, reports Reuters. The cuts reflect the weak economy and Goldman’s reduction in proprietary trading and come after the investment [...]
NYT Dealbook |
November 4th, 2008 |
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A former Goldman Sachs analyst accused of running a $6.7 million insider-trading ring - an international network that included a Merrill Lynch research analyst, an exotic dancer and a Croatian underwear seamstress - has gone missing and may have fled the United States, a lawyer for the Securities and Exchange [...]
NYT Dealbook |
November 4th, 2008 |
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Is another Goldman Sachs alumnus being vetted to take the reins at the Treasury Department? According to The Deal.com, chatter is making the rounds that, should Barack Obama emerge victorious in Tuesday's election, New Jersey Governor and former Goldman Sachs trader Jon Corzine may be a candidate to take over [...]
The Street |
November 4th, 2008 |
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A Goldman Sachs hedge fund has lost $989 million since its launch in January, according to a media report[...]
The Deal Blogs |
November 3rd, 2008 |
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As you may have heard by now, October was a rather tumultuous month in world financial markets. In the early parts of the month, credit was all but unavailable for nearly everybody, and hiring activity froze up as a result. Fortunately, that has now begun to change. With LIBOR easing, [...]
Seeking Alpha |
November 2nd, 2008 |
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Remarkably, "Big Money" managers surveyed this week by Barron's magazine are unrelentingly optimistic - with 50% saying they're bullish or very bullish about the stock market's prospects through the middle of next year. Here are some of the survey's key datapoints: 62% believe stocks are currently undervalued; 7% think they're [...]
NJ-Northern, The Ayco Company, L.P., a Goldman Sachs Company, is one of the nation's leading financial counseling firms. Due to tremendous growth in the business, we are searching for a qualified individual to fil[...]
