Tag:
Goldman Sachs
Latest Headlines
Latest Headlines
@GSElevator not a real Goldman Sachs employee
Recall that supposed Goldman Sachs employee has been Tweeting via @GSElevator about the very funny things he hears riding the elevators at the gilded bank, recounting, for example, talk about the person who saw “LB” at the gym and pronounced him “seriously hairy.”
The Tweeter got a lot of publ
Goldman Sachs might benefit from Volcker Rule
The conventional wisdom on the Volcker Rule is that it would hit trading-intensive firms the hardest.
A JPMorgan analyst last year estimated that the rule would reduce U.S. bank’s revenue by up to 46 percent. Most assume that Goldman Sachs would be among the hardest hit, as it has long been on
Goldman Sachs “shameless” in deal conflict
The DealProfessor takes a look at Goldman Sachs’ multi-sided role in Kinder Morgan’s proposed acquisition of the El Paso Corporation.
At the time the deal talks got underway, Goldman Sachs was representing both companies.
“Goldman’s own internal conflicts committee reviewed the situati
Goldman Sachs may reduce CEO pay
It’s hard to assess the compensation of top bank CEOs right now, as we don’t have full information yet.
The news only drips out as various pieces of compensation are disclosed at different times. Still, it’s interesting to note that Goldman Sachs CEO Lloyd Blankfein has received $7 million in
Goldman Sachs’ head of communications to step down
Goldman Sachs recently made it known that it was serious about hiring Richard “Jake” Siewert Jr. , a former counselor to U.S. Treasury Secretary Timothy Geithner, to manage the bank’s communications department. That raised immediate questions about the fate of Lucas van Praag, 62, who has been
Goldman Sachs slighted in Facebook IPO
The fight to nail down the “lead-left” underwriter spot on the Facebook deal was pitched by many as a two-horse race between Morgan Stanley and Goldman Sachs.
That Morgan Stanley ended up with the mandate was huge news. But DealBook notes that, adding insult to injury, Goldman Sachs ended
Morgan Stanley likely to lead Facebook IPO
Morgan Stanley appears to have pulled off quite a coup.
Coming from way behind, it is on the verge of being named the lead underwriter for the Facebook IPO, if the WSJ is to be believed. Most people assumed that Goldman Sachs was in the driver’s seat but in the end, the botched effort to r
Romney's Goldman Sachs connection
The media is in overdrive about the fact that Goldman Sachs managed two blind trusts on behalf of presidential candidate Mitt Romney and his family.
Many have noted that the bank generated long-term capital gains for the candidate by selling its own shares. Romney racked up a capital gain of $
Morgan Stanley in good shape for Facebook deal
The competition to win lead underwriter rights to the Facebook IPO has been led by two titans of finance, Goldman Sachs and Morgan Stanley.
A decision by Facebook has been expected for a few weeks. The social media giant just might go the route of Solomon and name two lead underwriters, which
Goldman Sachs hopes for happy ending with Sears investment
Recall that four years ago, Goldman Sachs arranged for its clients to invest $3.5 billion with ESL Investments, run by Ed Lampert, among the hottest hedge fund managers at the time.
Goldman Sachs put its own skin in the game and invested $75 million on a proprietary basis. Unfortunately, the i
