Goldman Sachs' shares are at a five-year low and most people now assume that the bank will post its first quarterly loss as a public company. The talk now centers on whether a big capital raise is in the works. The Financial Times reports that Goldman executives have approached some big Japanese firms, notably Nippon Life and Mizuho Bank, about investment. Mizuho apparently took a "half-hearted" look at Goldman's books but then said no. Goldman also held talks in September with Sumitomo Mitsui Financial Group. CNBC has said that a secondary offering does not appear to be in the works, but who knows? There are lots of storm clouds looming, including some turbulence in the prime brokerage industry, which we've noted.

For more:
- here's the Financial Times article

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