Who comes out best and worst from the DoJ report into 1MDB?

The fixed-income sales and trading business of the big US banks took a bath in the first quarter of this year, with revenues down by between 10% and 40%. But although not immune from market and geopolitical upheaval, the second quarter could not have looked more different.

These are miserable times in Australian banking, which is suffering issues ranging from banking culture to credit quality as the commodity cycle ends. Commonwealth Bank has reputational issues around its CommInsure unit, while both ANZ and Westpac are under investigation for rate manipulation.

Results index In troubled times corporates often turn to the banks with the biggest balance sheets for their financing. For those investment banks without a massive lending capacity these are times when they must be innovative and lead with advice and execution. That is the case for Goldman Sachs the winner of this year’s award for North America’s best bank for financing.

Results index

"It has become commonplace to depict the LIA at this early stage of its development as a bunch of oil-rich buffoons, corrupt, uninformed and unaccountable, but the true picture was far more nuanced than that. From the outset, there were senior, experienced people at the LIA, among them Mohammed Layas, the LIA’s first chairman, who had been chairman and general manager of the Libyan Arab Foreign Bank; and Hatim Gheriani, who became CIO in April 2007. Gheriani was an experienced ex-Commerzbank investment banker who had worked with Layas and has since gone on to HSBC. There were also highly regarded external advisers.

Vampire squid or bank of the people? Goldman Sachs wants to win over middle America.

UBS Americas teams up with robo-adviser; small business owners the new target market.

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As Goldman Sachs released the worst first quarter results by a leading US dealer in April, it placed a video discussion with Game of Thrones co-creator David Benioff in prime position on its corporate website.

Goldman Sachs had a logical, humdrum reason to acquire $16 billion of deposits from GE Capital to boost its fledgling online retail operation, GS Bank.

Trading the weakest link; firm ‘needs restructuring’.

It is tempting to wonder if the Libyan Investment Authority’s actions against Goldman Sachs and Société Générale could end up going the same way as Jarndyce and Jarndyce.

Since the financial crisis, plenty of former bankers have sought to restart their careers in a completely new environment. But few have taken the change as far as Heidi Golding.

Hiring is a coup for HSBC as it tries to build on success of simplified structure in growing GBM division.

Extended results can be viewed here.

UBS Wealth Management voted best global private bank; revenue outlook dimmer this year; asset management competition heats up.

Goldman Sachs launched an apprenticeship programme in partnership with Queen Mary University of London in late January.

A tsunami of tastelessness; measuring Moynihan’s brand equity; best wishes to Blankfein.

China’s struggle to communicate effectively with markets was demonstrated by its scapegoating of journalists for supposedly worsening the crash in local stock prices.

CBRE remains top for advisers, Blackstone takes the lead for investment managers and Goldman Sachs is number one in the banks category

John Lefevre’s account of his time as a bond syndicate manager in Asia lifts the lid on some sordid personal and inappropriate professional activities. But beyond the shock factor, it’s the humour in the book that stands out.

Look closely at figures from Dealogic for the first six months of 2015 and there’s a story to be found as to why Goldman Sachs bankers still like to lord it over their counterparts at Morgan Stanley.

From the strengths of its event-driven base, the firm has built a risk-management platform that far more than just its advisory clients rely on

Wells Fargo named best bank in US, Goldman Sachs takes best US investment bank accolade thanks to M&A success.

Goldman dumbfounds its rivals with a stunning comeback from ninth in the league table to once again dominate the advisory market.

Opportunity for banks same as in FX; Goldman investment ‘a positive signal’

Results index

Citi retains top spot in Global FX as clients execute more than half electronically for the first time

Overall market share