30 articles found within the last year.
Displaying results 1 - 20
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Goldman cuts $500m from compensation pool
Goldman Sachs has taken nearly $500m (€364m) out ... Goldman Sachs, whose chairman and chief executive Lloyd ... The bank accrues money to the compensation and ... A source close to the bank said: “It ... After taking out the $500m, the compensation and ... Goldman Sachs is one of several US and...
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Trading swing drags Goldman to first loss since 1994
An $11bn (€8.1bn) swing in revenues from trading ... The results round off a horrendous year for ... Lloyd Blankfein, chairman and chief executive, said today ... Goldman Sachs lost $4.4bn in trading and principal ... The chief driver was fixed-income, currencies and commodities...
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'Gloomy' Goldman picks top trades for next year
Goldman Sachs has unveiled seven of its top ... In its global economics weekly report today, Goldman ... The trades range from going long on Chinese ... Trade number five is selling credit protection on ... Goldman said mounting concerns about Sweden’s banking sector’s...
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Goldman cuts more than 200 in London
Goldman Sachs will today lay off about 250 ... One source familiar with the matter said up ... A spokesman for Goldman Sachs said: "This is ... The round of cuts, which comes amid a ... Recent high-profile European departures from Goldman Sachs include ... Goldman Sachs, which reportedly approached Citigroup over a...
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Goldman faces loss of $2bn for quarter
Goldman Sachs, known for avoiding many of the ... The loss, equal to about $5 a share, ... Though analysts and investors already were bracing for ... On a day when financial stocks fell sharply, ... Beyond the damage caused by day-to-day market turmoil, ... One area that is thought to have given...
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Top traders still expect the cash
Behind headlines of record losses, a small group ... So far, they look to be on the ... Even "best-in-class" front-line employees now face a much ... The top traders' final bonuses will be an ... Shaken by the global financial crisis and increasing ... Around Wall Street, "I know a couple guys...
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Goldman flagship hedge fund suffers $990m loss
One Goldman Sachs flagship hedge funds, GS Investment ... Managed by Raanan Agus and Kenneth Eberts, former ... “We are disappointed with our performance but GSIP...
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Goldman to cut 10% of jobs
Goldman Sachs is preparing to cut about 10% ... The cuts, expected throughout the New York-based company, ... Goldman, which recently converted to a bank-holding company, ... In September, with the company's work force at ... The downsizing wave is likely to get worse ... Of the 61,000 employees at Merrill Lynch, thousands...
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Goldman triumphs at Advisory Awards
Advisers to Europe's buyout community gathered at Banqueting ... The awards, which recognised the achievements of advisers ... Melissa Rice, a vice-president in Goldman’s financial sponsor ... Goldman also shared the award for Buyside Mandate ... Sellside mandate of the year went to Lehman...
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Goldman Sachs is top M&A adviser
Goldman Sachs has reclaimed its crown as the ... The US investment bank, which yesterday received a ... Morgan Stanley, which was the world’s leading M&A ... Goldman Sachs also tops the global M&A fee ... The bank also tops the European M&A earnings...
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Comment: Goldman can expect tough love from Buffett
The financial community is in awe of Warren ... Buffett, the world's richest man, now has assets ... Back in 1987, Buffett invested $700m in Salomon ... Buffett went on to clean out Salomon's stable, ... He came close to backing stricken hedge fund ... He went on to warn that derivatives can...
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Goldman prime broking chief 'to retire'
One of Goldman Sachs' three global co-heads of ... Ravi Singh is set to retire in November, ... Singh became a managing director of Goldman Sachs ... His retirement comes at the end of a ... Hedge fund managers and prime brokers said clients ... The cost of borrowing dollars shot up last...
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Universal banks set to dominate investment banking
Universal banks are likely to dominate investment banking ... Bank of America, JP Morgan and Wachovia – ... The $50bn (€35bn) takeover of Merrill Lynch by ... Barclays' acquisition of the North American businesses of ... The turmoil across global financial markets has led...
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Goldman said to have been keen on Merrill wealth unit
Goldman Sachs is believed to have been keen ... In this regard, Peter Kraus, Merrill's strategy head...
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Goldman defends independent model as profits drop 71%
Goldman Sachs' chief financial officer said performance is ... David Viniar said on a conference call said: ... Viniar said that since going public the bank ... Questions have been raised over the remaining independent ... Viniar said Goldman's commercial banking competitors need to...
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Assets under management fall at GSAM
Goldman Sachs Asset Management reported a fall in ... Net revenues of $1.13bn for the period were ... Goldman Sachs' assets under management fell by 4% ... Lloyd Blankfein, chairman and chief executive officer, Goldman ... Blankfein said the bank had produced a solid ... The group saw outflows of $7bn from money...
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Europeans in the firing line as Fed bails out AIG
European banks could face billions of dollars in ... According to one analyst close to the situation, ... One source at a European financial institution said: ... AIG said in the filings that the trades ... AIG had over $30bn of imminent financial liabilities, ... In a statement AIG said it had recently...
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GSAM makes India push
Goldman Sachs Asset Management has been given the ... The funds arm of Goldman Sachs has received ... Adam Broder has been promoted to chief executive ... Khemka was previously head of the GSAM research ... “India is one of the most important countries ... India will continue to be one of the...
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Investec hires for Switzerland on increased demand
Investec Bank has hired a new investment practitioner ... Philipp Schmahl is being taken on to develop ... He reports to Oliver Betz, head of Investec ... At Goldman he was an executive director in ... The bank said it is experiencing increased demand...
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Goldman balks at helping rich clients recover from 'auction rate' securities
For once, Wall Street isn't bending over backward ... That is causing new controversy for investment banks, ... The quandary is acute for Goldman Sachs, which ... Goldman was a key player in the auction-rate ... Carl Everett, an adviser to venture-capital firm Accel ... "The firm has been working with clients to...
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