Goldman Sachs

Bonus Watch ’14: Goldman Sachs

Thanks, guys.The Little Lloyds won’t be getting as much of that extra 25% in revenue the bank earned last quarter, but they’ll do alright. Read more »

A British judge is none too pleased with Lloyd Blankfein, et. al., re: their none-too-serious request of her to junk the Libyan Investment Authority’s lawsuit against it. And for wasting her time and Libya’s money (or, if you believe the accusations that Goldman sold the sovereign wealth fund worthless crap, more of its money), the bank’s gonna have to pony up. Just not as much as Libya would like, because the very same judge isn’t sure that even Gary Cohn’s words warrant this level of textual analysis. Read more »

  • 16 Sep 2014 at 2:16 PM
  • Banks

Goldman Sachs: Teacher’s Pet

Wall Street’s banks were pretty hard on themselves for this year’s choose-your-own-misadventure stress-test trial runs, conjuring a way worse recession than they did last year, and doing concomitantly worse as a result. Citigroup’s Tier 1 would fall from 9.1% to 8.7%, JPMorgan’s from 8.5% to 8.4%, Morgan Stanley’s from 9.5% to 8.9% and Wells Fargo’s from 9.9% to 9.6%.

But not everyone’s doing so badly, even when they were really, really hard on themselves. Read more »

Happy Days At 200 West Street

The news is all good, indeed, for Lloyd and Co. so far this week. Goldman has once again demonstrated its dominance amongst its “peers,” being named the “stabilization agent” for a $20 billion-plus IPO. Read more »

Goldman Tells Potential Partners Not To Get Their Hopes Up

Once again, there will be fewer partners and potentially more David Teppers at Goldman later this year: The Elect plan to add no more than 70 to their number in the bi-annual life-changing ritual, unless an extra few really, really impress Michael Sherwood over the next couple of months. For new partners not only crowd the inner circle—they also cost a great deal. And if the 409 already at the pinnacle are going to continue to rake it in exercising stock options, those costs need to be kept down. Read more »

  • 21 Aug 2014 at 11:49 AM

Pay Hike Watch ’14: Raises For Everyone (Under 25)!

Well, raises for everyone at Goldman Sachs, Morgan Stanley, and Bank of America. JP Morgan and Citi are still pondering this one. Read more »

  • 20 Aug 2014 at 12:53 PM

Pay Hike Watch ’15: The Youth Of Goldman Sachs

The youngest members of the House of Lloyd are said to be in for a nice little salary bump. Read more »