Tag:
reputation
Latest Headlines
Latest Headlines
PIMCO's Bill Gross reverses bet on Treasury bonds
PIMCO's Bill Gross generated headlines--he always generates headlines--for his well-publicized bet that long-term Treasury would rise earlier this year.
The big bet spooked some of his peers into following suit, which turned out to be a bad move, as Treasuries soared, shaking out a lot of the
Goldman Sachs losing traction in IPOs?
I've said it before: this is a great time to be Goldman Sachs ( NYSE: GS ) customer. The firm has been eating humble pie, and it has been directed to go all out to keep clients in the truck. If you haven't gotten a sushi lunch by now, you might have to question your status as a customer.
The
Poll finds Goldman Sachs image woes continue
Goldman Sachs' ( NYSE: GS ) image is apparently still taking some big hits in the institutional investment universe. That's the conclusion of a poll of 1,000 Bloomberg terminal subscribers, which found that 52 percent of respondents think Goldman's reputation within the industry is "a lot worse"
Consumers still angry at top banks
It's possible that the banking industry has yet to truly understand the depth of anger directed toward it from middle America. But one could argue that the public anger has morphed into concrete action.
One reason we ended up with a bipartisan (more or less) reform bill was that the politician
Lots of PR advice for Goldman Sachs, banks
It's no secret that Goldman Sachs has some PR challenges right now. Which spells potential revenue for the many PR-related firms out there. The New York Times reports, "Sitting before an audience of 300 at the Metropolitan Club of New York on Tuesday, he (CEO Lloyd Blankfein) spoke with barely
Lewis walking away a rich man
Ken Lewis will walk away from Bank of America ( BAC ) with his reputation in tatters, but he will not suffer financially. The Los Angeles Times reports that he is owed a lump-sum pension benefit worth $53.2 million. He also is entitled to $10.6 million in deferred pay and can keep 305,000 sh
What will the SEC do?
Will the SEC appeal Judge Jed Rakoff's decision not to accept its $33 million settlement with Bank of America? Will it go to trial and risk more humiliation and the possibility of a "powerful regulators made us do it" defense? Will they drop the case altogether?
It would appear to be lose-lose
Is it good to be Jamie Dimon?
He's on top of the industry. Here's a telling quote from a money manager in a lengthy paean from TheStreet.com: "Dimon is just a superior manager. Jamie Dimon has, to a large degree, been able to hold onto his reputation," while the reputations of contemporaries like Vikram Pandit and Ken Lewi
How will Goldman Sachs retain top talent?
Goldman Sachs' move to require employees to stay for a full year or give up options and stock awards granted the year before has helped it lower its fourth-quarter costs, reports Bloomberg . But the real issue is what effect this will have on its tricky retention efforts. It's no secret that to
Citigroup on the mend?
Some good news from Citigroup CEO Vikram Pandit: "I am most encouraged with the strength of our business so far in 2009," he wrote in a memo obtained by media outlets. "We are profitable through the first two months of 2009 and are having our best quarter-to-date performance since the third quarte
