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’Goldman, BofA chiefs on defensive
Goldman Sachs pays its employees more than other financial groups because its employees are more productive, Lloyd Blankfein, Goldman CEO, told a banking conference on Tuesday. Blankfein said that people
[The Lehman Anniversary] The BBC’s Lehman Towers
Did the BBC mean for their dramatisation of the last days of Lehman Brothers to be utterly, cringeworthingly hilarious?
If they didn’t, they certainly did a good job making it look like they did.
In short:
Banker eat banker, Frankfurt edition
One can’t help wondering what they’re serving to top bankers at the Handelsblatt banking conference in Frankfurt this week, where first, Deutsche Bank’s Josef Ackermann and then, Goldman Sachs’ chief Lloyd Blankfein,
Goldman chief admits banks lost control
Lloyd Blankfein, chief executive of Goldman Sachs, on Wednesday criticised some of the exotic products sold by banks in the run-up to the financial crisis and called for restraint on executive pay and bonuses.
Old power player tops the New Establishment
We’ve barely worked out who’s who – and who’s still standing – in the `old’ establishment, and Vanity Fair magazine is already telling us about the movers and shakers in the `new establishment’.
And,
Paulson-Blankfein phone-fest fuels more ‘squid’ outrage
It’s hard for us to tell if this is getting more boring, or more fascinating. Perhaps a bit of both. The latest disclosure about the seemingly endless tentacles and influence of “Goldman Squid”, as FT Alphaville dubbed Goldman Sachs after writer Matt Taibbi’s recent takedown of the US investment bank in Rolling Stone (a “great vampire squid wrapped around the face of humanity”) ,
Buy on the rumour, steady on the fact
The price action in Goldman Sachs post results on Tuesday afternoon.
Related link:
Goldman reports Q2 EPS of $4.93 – FT Alphaville
RTRS: GOLDMAN CEO SAYS “CHANCES ARE” THIS IS NOT THE RECOVERY
Can this be right? A Goldman executive who’s not bullish?
According to Reuters it is.
TEL AVIV, June 10 (Reuters) – Goldman Sachs CEO Lloyd Blankfein said on Wednesday he believed a current upturn in world markets was probably not a full recovery from crisis and said he expected a further long recession.
Blankfein attacks US job rules
Lloyd Blankfein, Goldman Sachs’ chief executive, on Tuesday stepped into the heated political debate over Wall Street’s future, calling for an overhaul of bankers’ pay and attacking new laws preventing financial groups from hiring foreigners,
Pandit: marked to market
And the result is…
Feb. 11 (Bloomberg) — Citigroup Inc. Chief Executive Officer Vikram Pandit said he will take a salary of $1 and no bonus until the bank, which has accepted $45 billion in government bailout money,
US bank chiefs to apologise
Top Wall Street bankers will on Wednesday confront mounting public anger at their role in the crisis by telling an influential Congressional committee they are using public money to kick-start the economy and lend to companies and consumers.
Goldman’s sober new masters of a battered universe
We all know how yesterday’s hero on Wall Street can transform overnight into tomorrow’s villain.
But what about those dull blokes in the corner, the ones who rake over deals and pick financial nits to spoil everyone’s fun – the risk managers that everybody preferred not to think about? Could they be the swinging dicks of tomorrow?
Risk management,
Goldman chief calls for tighter controls
Lloyd Blankfein, Goldman Sachs’ chief executive, has called for banks to adopt more stringent accounting practices, accept tougher regulation and give more power to risk managers. Writing in Monday’s
Merrill, Goldman chiefs differ on slowdown
The global economy is entering a slowdown of epic proportions comparable with that triggered by the 1929 crash, John Thain, chairman and chief executive of Merrill Lynch, warned Tuesday. Speaking at Merrill’s annual banking and financial services conference,
Goldman CEO upbeat despite Wall St cuts
Lloyd Blankfein, Goldman Sachs’ chief executive, on Thursday said there was “light at the end of the tunnel” for those hit by the credit crunch. Speaking at Goldman’s annual shareholder meeting,
Goldman chief’s pay to hit $70m
Goldman Sachs on Wednesday began celebrating confirmation of bumper bonuses for this year, with the chairman and chief executive, Lloyd Blankfein, expected to lead the pack with a 30% increase in his pay to about $70m.
Blankfein’s interview….with added context
One of the more entertaining aspects of modern communications is the way that a seemingly news-worthy quotation can be picked up, extracted from is context and then whizzed across the world in double-quick time.
“All ants look the same to me” – Blankfein’s concern on private equity
Lloyd Blankfein, chief executive of Goldman Sachs, on Thursday warned that US moves to change the taxation of private equity firms could be “very dangerous” and could encourage the industry to move to more favourable tax regimes,
Goldman awards bumper payouts
Goldman Sachs on Wednesday solidified its position as the best paying publicly traded investment bank in Wall Street history, disclosing that it awarded co-presidents Gary Cohn and Jon Winkelried about $53m each in cash and stock compensation last year.
Forbes dubs Goldman Sachs “world’s most powerful investment bank”
Here’s an obvious call. Goldman Sachs is “the richest, shrewdest and most powerful investment bank in the world,” Forbes.com declared in a special feature on the bank, calling chief executive Lloyd Blankfein a “master of the universe”.
Next stop Vietnam for Goldman
Fresh from taking a 5 per cent stake in India’s National Stock Exchange in Mumbai, Goldman Sachs is turning its attentions elsewhere in Asia, the Telegraph reports.
Lloyd Blankfein, chairman and chief executive of the bank,
Charity and the art of making bankers sweat
To London’s Grosvenor House for the annual financial cheese-fest, the Thomson IFR awards.
Between the MOR warbles of Charlotte Church (“This is one of my favourite songs. It’s by the Carpenters …) and the near-comedy of Rob Brydon,