Goldman Sachs: special focus

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Euromoney's recent coverage of the US investment bank.

Gary Cohn has left the building
January 2017

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Gary Cohn, president and COO of Goldman Sachs, was poised to join president-elect Trump’s new administration at the end of last year, having been appointed director of the National Economic Council.

Post-truth personal loans
December 2016
Anyone hoping they fell through a wormhole on November 8 and are now living in an alternate reality will be encouraged by a new ad campaign in the US.

Leissner's loss is not necessarily Goldman's gain
December 2016
Singapore's investigations into the 1MDB scandal continue to claim more big-name scalps.

Sideways: Trump’s tangled ties to Wall Street
December 2016
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Donald Trump vilified Wall Street during his presidential campaign in stump speeches and an advert that featured an image of Goldman Sachs CEO and chairman Lloyd Blankfein as a symbol of the "corrupt machine" that needed to be overthrown.

Libya: LIA loses the Goldman case
October 2016
Libyan Investment Authority fails to convince court US bank duped it; Société Générale case even bigger but LIA is rudderless.

Investment banking: Asia beyond the headlines 
October 2016 
Goldman Sachs is cutting and Citic is hiring – but is all as it seems?

Sideways: Goldman Sachs – investing in people
September 2016

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Goldman Sachs almost certainly made a good investment when it paid Hillary Clinton $675,000 for three speeches.

The DoJ 1MDB complaint analysed: how the named banks fare
July 2016
Who comes out best and worst from the DoJ report into 1MDB? Goldman Sachs is mentioned extensively in the document, but that is no surprise.

Awards for Excellence 2016

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North America's best bank for financing

Western Europe's best bank for financing

US retail banking: Main Street’s memory test 
June 2016 
Vampire squid or bank of the people? Goldman Sachs wants to win over middle America.

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Macaskill on markets: Goldman’s Game of Marketing gets desperate
April 2016
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.

Sideways: Goldman’s new cast members aren’t contenders for the top
April 2016
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.

US banks: Goldman Sachs the biggest loser on Wall Street
April 2016
Trading the weakest link; firm 'needs restructuring’.

Sideways: China can learn from Goldman

September 2015

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Goldman can only be commended for its move to turn a perceived weakness into a strength.

Morgan Stanley vs Goldman: mind the revenue gap
July 2015
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.

GSElevator crashes into Hong Kong financial markets
July 2015
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.

Bank earnings: Haves and have-nots
May 2015
Diversification and macro trading gave Goldman Sachs the edge over the credit and mortgage focused organizations in the first quarter.

Goldman Sachs private bank – lender to the $40m-plus club
January 2015
Global head of private wealth management Tucker York talks to Euromoney about the $40 million-plus client offering it is focusing on.

Private banking CIO outlook 2015: Goldman Sachs PWM
January 2015
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.

Libya: Goldman must open its LIA books
January 2015 

Judge rules profits must be explained; 28 people to have their email searched.

Macaskill on markets: Sideways – 'No comment' from Goldman and Metro
December 2014
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.

Goldman mounts LIA defence
October 2014

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LIA 'not financially illiterate’; relationship was 'arm’s length’.

Libya vs Goldman — The secret memo: Statement from Palladyne
May 2014
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.

Libya vs Goldman Sachs – the secret memo
April 2014
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.

Libyan plot thickens for Goldman with Palladyne 'money-laundering’ suit
March 2014
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.

Lift off for John Lefevre, aka @GSElevator
March 2014
John Lefevre dished the dirt on the cut-throat, unfulfilling, absurdly self-important world of investment banking through his GSElevator Twitter account. But it took a publishing house to shaft him. He is exasperated, but confident his elevator will go back up.

@GSElevator gossip reaches Fevre pitch
February 2014
Euromoney recalls meetings with John Lefevre, in his former capacity as an Asian bond executive, who has been outed as the man behind the wildly popular @GSElevator Twitter account, which purports to tweet conversations between Goldman Sachs employees around the world.

New details emerge of Libya's claim against Goldman Sachs
February 2014
Investment authority says bank implemented trades that it didn't understand, costing it $1 billion.

Macaskill on markets: FICC downturn drives bonus woes at Goldman Sachs

November 2013 
Ashok Varadhan might well be the most unpopular man at Goldman Sachs as bonus time approaches. The global head of macro trading at the firm oversaw a third-quarter collapse in revenues in his product lines – which include foreign exchange and rates – that was dramatic enough to threaten lower annual compensation levels for everyone else at Goldman Sachs.

The world against Goldman Sachs
May 2010
Oh the irony. As Euromoney left the executive offices of one of Goldman’s main hubs this week, the image projected on the plasma screen in the elevator could not have been starker. "The world against Goldman Sachs" was the screaming headline of one financial television news channel.

Lloyd Blankfein: Goldman pays the price of success
December 2009
Assailed on all sides for preparing to pay huge bonuses from a financial market kept alive by systemic government support, Lloyd Blankfein is having to fight Goldman’s corner almost as fiercely as when the crisis was at its worst. He tells Peter Lee that it is not business as usual.