An unusual move by a US regulator threatens to widen a conflict over potential manipu-lation of Hovnanian default swaps by Blackstone’s credit arm GSO.

If the Securities and Exchange Commission (SEC) does decide to weigh in on the issue of whether or not Blackstone’s trading in Hovnanian debt and default swaps constitutes market manipulation, it will revive questions about SEC chairman Jay Clayton’s ties to Goldman Sachs.

New sole president’s success in building non-traditional strengths put him ahead of rival Schwartz

Goldman CEO Lloyd Blankfein wants to remind everyone of the importance of non-static resource commitments – and how they can move in both directions.

The recent disclosure that rare wine worth more than $1.2 million was stolen from Goldman Sachs co-president David Solomon, allegedly by a personal assistant, raises questions about which other Wall Street titans may have suffered the indignity of losses they would rather not discuss.

UBS Wealth Management voted best global private bank; private banks more bullish on revenues; hiring to increase.

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While tax reform charges make a bad year worse for US banks, the timing of the law sets the scene for better results in 2018. But the fundamentals may not change: trading is bad, financing is good.

As GSO’s controversial Hovnanian refinancing ends up in court, the wider credit default swap (CDS) market is the loser.

Converting boardroom dialogue into a corporate FICC franchise is not as easy as it sounds – even for Goldman Sachs.

Banks are booking big charges in the fourth quarter, but the domestic names are sitting pretty for the future as US taxes fall.

Blankfein still needs to fix FICC, but the firm has other challenges

Investor Access, the electronic book-building initiative run by US-based fintech Ipreo, celebrated its first year of operation in early November with some healthy usage statistics.

New Zealand’s Financial Markets Authority and the country’s stock exchange are working to impose voice recording for traders after market-manipulation investigations highlighted limitations in the regime.

The Goldman Sachs chief shows how less can be much, much more.

Several trends emerge from the year-to-date league tables, and not everyone will like them.

US bank enters UK retail just as BoE raises alarm on consumer credit.

Goldman Sachs has laid out a three year revenue growth plan that is nothing short of extraordinary

An appearance by a senior Goldman executive at a forthcoming conference could herald a new strategy for its fixed income franchise

There was no shine to the firm’s quarterly results, especially in fixed income sales and trading. They came in as the worst of the top five.

The chief executives of US banks have spent so long complaining about regulations that they can scarcely believe their luck at the impending relaxation.

Lines are being blurred as advisers get better at financing, and firms that used to lead through balance sheet up their game in advisory.

Recovering profitability and capital as a result of restructuring, better economic growth and less threatening regulatory changes could see the European investment banks push back the Americans. There are already signs that Deutsche Bank is tentatively getting back on the front foot and could regain its position as the continent’s preeminent investment bank. Some European firms have forged an investment banking franchise with a very modern focus on returns instead of revenues.

Euromoney names HSBC as the World’s Best Bank and Morgan Stanley as the World’s Best Investment Bank; UniCredit’s chief executive Jean Pierre Mustier wins Banker of the Year award.

The shifting dynamics of the M&A market during the awards period has tested the mettle of advisory franchises. Corporates in particular have been wary – for different reasons at different times. The Obama administration had applied aggressive scrutiny that saw deals blocked in sectors such as healthcare, a situation compounded by the natural caution imposed by an upcoming presidential election.

Goldman’s creativity and ability to commit capital have paid off this year.

The US firm has a broad franchise in financial institutions, but whatever the sector and no matter what the solution, advice is at the heart of its offering.

Overall market share Overall banks only Overall non-bank liquidity providers only Spot/forward market share Swap market share Options market share Emerging market currencies market share

Euromoney magazine has released the results of its 39th annual foreign exchange ranking, the most comprehensive quantitative and qualitative annual study available on the FX markets.

Goldman Sachs badly underperformed other US banks in first-quarter fixed income results, setting off a frenzy of speculation about trading positions that could have led to the disappointment.