Goldman Sachs delivered strong first-quarter trading results that were followed by a reorganization of the management of its securities division.
Sideways: Wall Street’s Washington takeover
The coming move towards a Volcker Rule 2.0 that relaxes monitoring of proprietary risk taking by bank dealing desks has been portrayed as a result of president Donald Trump’s administration finally placing its preferred officials in key regulatory positions.
Mahathir’s return puts the fear into Malaysian finance
Watching things closely will be foreign banks involved in 1MDB, none more so than Goldman Sachs, by far the most closely involved.
Sideways: The ties between Wall Street, regulators and White House
If the Securities and Exchange Commission (SEC) does decide to weigh in on the issue of whether or not Blackstone’s trading in Hovnanian debt and default swaps constitutes market manipulation, it will revive questions about SEC chairman Jay Clayton’s ties to Goldman Sachs.
Goldman's debt to Solomon helps him get the top job
New sole president’s success in building non-traditional strengths put him ahead of rival Schwartz.
Nine things Gary Cohn might do after the White House
We review the options...
Resourceful Blankfein puts a positive spin on Goldman’s FICC fix
Sideways: Goldman’s hidden losses
The recent disclosure that rare wine worth more than $1.2 million was stolen from Goldman Sachs co-president David Solomon, allegedly by a personal assistant, raises questions about which other Wall Street titans may have suffered the indignity of losses they would rather not discuss.
Two new names entered the top 10 in this year’s survey. ABN Amro joined the rankings in 10th place and Goldman Sachs moved into ninth place, pushing out Santander and Deutsche Bank. HSBC gained two positions globally, now ranking eighth.
Global results: investment banking capabilities
US banks face more taxing issues than meets the eye
Markets franchises suffered at all five of the big US banks, with large falls in FICC driving double-digit overall declines at Goldman and JPMorgan. Goldman fared worst, down 18%, while Morgan Stanley was down just 2%.
Goldman hopes to put grim FICC year behind it
Converting boardroom dialogue into a corporate FICC franchise is not as easy as it sounds – even for Goldman Sachs.
Alternative awards of the year 2017
Social media influencer of the year: Lloyd Blankfein
Goldman Sachs: Aiming for top Marcus
Blankfein still needs to fix FICC, but the firm has other challenges.
NZ to record traders after regulators disagree on Goldman probe
Lloyd Blankfein is Twitter’s anti-Trump
The Goldman Sachs chief shows how less can be much, much more.
Foreign partners consider next steps for Chinese securities JVs
Banking: What Asia league tables tell us as the year draws to a close
Diversity and inclusion: Thomson Reuters reveals Q3 bank rankings for D&I
Of the five largest names on Wall Street, Goldman Sachs ranks the lowest for overall D&I (54%), but scores higher than Morgan Stanley, Citi, Bank of America and JPMorgan on cultural diversity at board level.
Retail banking: Goldman pockets UK risk
US bank enters UK retail just as BoE raises alarm on consumer credit.
Add $5 billion: How Goldman hopes to be better at (nearly) everything
Fixing FICC: decision time for Goldman
An appearance by a senior Goldman executive at a forthcoming conference could herald a new strategy for its fixed income franchise.
What’s happened to Goldman’s Midas touch?
Awards for Excellence 2017
The US firm has a broad franchise in financial institutions, but whatever the sector and no matter what the solution, advice is at the heart of its offering.
Awards for Excellence: Flipping investment banking
Lines are being blurred as advisers get better at financing, and firms that used to lead through balance sheet up their game in advisory.
Western Europe's best investment bank 2017: Goldman Sachs
North America's best bank for advisory 2017: Goldman Sachs
Macaskill on markets: Making competitors fail again
Sideways: Cashing in and cashing out
Goldman Sachs CEO Lloyd Blankfein seems to be on a comfortable glide path towards maximizing the value of the performance stock units that will provide most of his future compensation.
Lloyd Blankfein’s swingeing cost cuts at Goldman Sachs really hit bankers where it hurts in March: their phones. No longer will their employer simply pick up the tab for their smartphone usage – Goldman bankers now face the indignity of having to itemise their monthly bills and (good grief!) claim their money back.
Gary Cohn has left the building
Post-truth personal loans
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
Singapore's investigations into the 1MDB scandal continue to claim more big-name scalps.
Sideways: Trump’s tangled ties to Wall Street
Libya: LIA loses the Goldman case
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
Goldman Sachs is cutting and Citic is hiring – but is all as it seems?
Sideways: Goldman Sachs – investing in people
The DoJ 1MDB complaint analysed: how the named banks fare
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
Western Europe's best bank for financing
US retail banking: Main Street’s memory test
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
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
Trading the weakest link; firm ‘needs restructuring’.
Sideways: China can learn from Goldman
Morgan Stanley vs Goldman: mind the revenue gap
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
Bank earnings: Haves and have-nots
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
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
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
Macaskill on markets: Sideways – 'No comment' from Goldman and Metro
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
Libya vs Goldman — The secret memo: Statement from Palladyne
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
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
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
@GSElevator gossip reaches Fevre pitch
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
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
The world against Goldman Sachs
Lloyd Blankfein: Goldman pays the price of success
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.