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Banking

WireTap 1400 14/12/11

A round-up of the key stories across the specialist financial media, including information on Goldman Sachs losing 37 partners over the year


Goldman loses partners in worst year since 2008 

Goldman Sachs Group, the fifth- biggest U.S. bank by assets, has lost at least 37 partners in 2011 as the firm heads toward the end of its worst year for profit and share performance since 2008.

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Italian Borrowing Costs Hit New High

The rise in Italy's borrowing costs to a euro era high will do little to allay fears over the country's ability to continue raising funds at sustainable levels.

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Banks accused of ‘falsifying’ accounts

A UK think tank has attacked the accounting methods used by UK and Wall Street banks, claiming that they deceive investors and encourage excessive bonuses.

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Sovereign debt crisis spurs investment in cat bonds

Life insurers and pension funds using insurance-linked securities as diversifier, as deal activity jumps in fourth quarter.

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Rise in UK unemployment eases 

The number of unemployed people in Britain reached a 17-year high in the three months to October but last month brought only a slight increase in the number of people claiming jobless benefits, offering the first piece of relatively good news about the labour market since the spring.

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