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LATEST ARTICLES
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Extended results can be viewed here.
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Goldman Sachs launched an apprenticeship programme in partnership with Queen Mary University of London in late January.
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A tsunami of tastelessness; measuring Moynihan’s brand equity; best wishes to Blankfein.
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China’s struggle to communicate effectively with markets was demonstrated by its scapegoating of journalists for supposedly worsening the crash in local stock prices.
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CBRE remains top for advisers, Blackstone takes the lead for investment managers and Goldman Sachs is number one in the banks category
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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.
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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.
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Wells Fargo named best bank in US, Goldman Sachs takes best US investment bank accolade thanks to M&A success.
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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
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Goldman dumbfounds its rivals with a stunning comeback from ninth in the league table to once again dominate the advisory market.
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Opportunity for banks same as in FX; Goldman investment ‘a positive signal’
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Citi retains top spot in Global FX as clients execute more than half electronically for the first time
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Best private banking services overall
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Global head of private wealth management Tucker York talks to Euromoney about the $40 million-plus client offering it is focusing on.
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Monetary policy errors in Europe or Japan, political discord in Europe and geopolitical risk are big risks for 2015, says Sharmin Mossavar-Rahmani, chief investment officer of Goldman Sachs Private Wealth Management, in an interview with Euromoney.
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JPMorgan’s $100 million settlement of a currency manipulation lawsuit has sparked a flood of interest from potential new claimants, and marks a new victory in their fight for compensation, according to a leading lawyer involved in negotiations.
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Goldman invests in big data analytics platform; Deutsche makes key hires in analytics and data.
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Judge rules profits must be explained; 28 people to have their email searched.
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The main charge against Goldman Sachs by the US Senate committee investigating commodity market practices was that the bank effectively controlled actions by its metals warehouse subsidiary, Metro International, that created a bottleneck in aluminum supply, and that Goldman could have profited from associated trades in its securities arm.
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Paul Simon sang that there are 50 ways to leave your lover, and Goldman Sachs has reminded us that there are just as many ways to sneak a trade through, even when conflicts of interest threaten to drag your reputation back into the mud.
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Revenues on the rise; More lending and discretionary mandates.
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LIA ‘not financially illiterate’; relationship was ‘arm’s length’.
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Far from struggling in the new regulatory environment, a more diverse business keeps Goldman first among equals in M&A.
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The Bahrain award is one of the easier ones in the region to decide upon; Ahli United is the leader on almost any metric. Its $579.4 million net profit for the 2013 financial year ($366.5 million after allowing for a one-off exceptional gain) was a record and a 25.7% improvement on the previous year, as well as being the biggest profit in the country’s banking industry. Total assets grew 9.3% to $32.65 billion; loans, 8.3%; customer deposits, 17.4%. NPLs are a healthy 2.4% and total provisions for those NPLs 149.4%, while the bank’s capital adequacy ratio now stands at 16.2%. Most of these metrics lead the industry.
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As noted in the original story published by Euromoney on May 1, we repeatedly requested the opportunity to interview Palladyne International Asset Management to put the substantive points of the story about their relationship with the Libyan Investment Authority to them. Palladyne declined this request, but offered written denials which were published in the original story.
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Last month Goldman Sachs filed papers in the UK courts seeking to have a case for mis-selling brought by the Libyan Investment Authority summarily dismissed. This is not the first attempt by the bank to end the problems caused by its engagement with Gaddafi-era Libya. In a 2010 memo, Goldman proposed a complex structure that would have involved a $52 million payment in exchange for unwinding trades that had cost the Libyan fund almost $1.3 billion. While the US investigates, LIA chairman Abdulmagid Breish is making plans for the sovereign wealth fund’s future – and he wants his country’s money back.
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The increasingly litigious Libyan Investment Authority has turned its attention from Goldman Sachs to Société Générale, as it tries to get money back from investment advice it received in 2008. Court documents shed light on a mysterious Panama-based company – whose function for the LIA and the Gaddafi administration has long puzzled observers – which is alleged to have received $58 million in bribes from the French bank.
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Goldman’s controversial relationship with the Libyan Investment Authority was brought back into focus this week after a former executive of Palladyne International Asset Management brought a claim against the Dutch firm describing it as a ‘money-laundering operation’ for the former Gaddafi regime.