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Goldman Sachs Group Inc. (GS)

  • Oct. 30, 2009, 4:11 AM
    NYSE Euronext (NYX): Q3 EPS of $0.53 beats by $0.07. Revenue of $1.05B (-9.6%) in-line. Announces equity investment in its U.S. futures exchange by Citadel, GETCO, Goldman Sachs (GS), Morgan Stanley (MS) and UBS (UBS), with NYX to remain largest shareholder. (PR I, II)
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  • Oct. 29, 2009, 9:42 AM
    AIG (AIG +3.5%) is seeing billions of dollars in inflows from recovering credit-default swaps - the very securities that helped level the insurer. Q2 inflows may have topped $3B, including at least $1B from Goldman Sachs (GS). Many of the sour trades were closed out last year by the government, a move that saved AIG, but may have deprived it of billions of dollars.
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  • Oct. 28, 2009, 7:29 PM
    Janet Tavakoli says events are bearing out that Goldman Sachs (GS) CFO David Viniar was just lying to shareholders in an answer in last fall's earnings call, where he said that credit risk from AIG was immaterial - just as all anyone wanted to know was "What's going on between Goldman and AIG?"
  • Oct. 28, 2009, 12:41 PM
    Following Goldman Sachs' (GS) cutback in GDP forecast to 2.7%, Morgan Stanley (MS) and Merrill Lynch (BAC) do the same: MS moves its outlook to 3.8% from 3.9%, and Merrill to 2.3% from 2.5%.
  • Oct. 28, 2009, 9:24 AM
    Goldman Sachs (GS) shaves Q3 GDP forecast to 2.7% from 3%. (CNBC)
  • Oct. 27, 2009, 9:47 AM
    Just before collapsing, AIG (AIG) was in hot-and-heavy negotiations with its counterparties - Goldman Sachs (GS), Deutsche Bank (DB) et al - to persuade them to take a 40% haircut on its credit-default swaps. And then Geithner took over, and told AIG to pay everything out at par.
  • Oct. 27, 2009, 5:14 AM
    In a letter to the SEC (.pdf), Goldman Sachs (GS) dispels five common myths about so-called 'dark pool' anonymous trading exchanges. The rest of the 56-page document - which summarizes a Sept. 24 SEC/Goldman meeting - sheds light on short selling, high-frequency trading, flash trading and naked access.
  • Oct. 26, 2009, 3:48 PM
    Goldman Sachs (GS) chief Lloyd Blankfein's apartment is drawing vampire-squid puppets.
  • Oct. 25, 2009, 5:51 PM
    As expected, troubled commercial real estate lender Capmark files for bankruptcy. The move wipes out the private-equity investments of KKR, Goldman Sachs (GS) and Five Mile Capital, which bought Capmark for $1.5B in cash and more than $7B in debt.
  • Oct. 25, 2009, 10:45 AM
    Hoping to take advantage of buoyant equity markets, Blackstone (BX) is reportedly preparing to float its theme park operator Merlin Entertainments next year. Citigroup (C), Goldman Sachs (GS), Deutsche Bank (DB), UBS (UBS) and Nomura (NMR) are advising on what could be a $3.3B IPO. Merlin is the world's #2 park operator, after Disney (DIS).
  • Oct. 24, 2009, 8:19 AM
    Goldman Sachs (GS) would have you believe that all the government did was inject a little capital, so what's the big deal about $20B in bonuses? Joe Nocera freshens memories and counts the ways that taxpayers helped.
  • Oct. 23, 2009, 11:52 AM
    New Jersey is paying $1M a month to Goldman Sachs (GS) for protection against rising interest rates - on bonds that were redeemed over a year ago. The state's transportation fund entered a swap agreement in 2003 that doesn't expire until 2019, though it replaced the auction-rate bonds last year after that market froze. Says one rulemaker about swaps: "The world’s got to see what stupidity even the sophisticated investors like the transportation fund can get into."
  • Oct. 23, 2009, 9:08 AM
    Sources say BP (BP) has hired Goldman Sachs (GS) to advise it on a rival bid to ExxonMobil's (XOM) $4B deal to purchase Kosmos Energy's stake in Ghana's Jubilee field. Goldman reportedly advised Cnooc (CEO) on a potential bid for the same stake; Goldman's switch to advising BP implies a Cnooc bid is not forthcoming.
  • Oct. 23, 2009, 8:26 AM
    Sources say CIT Group (CIT +11.6%) and Goldman Sachs (GS) have reached an agreement over a $1B "make whole" payment CIT would owe Goldman if it files for bankruptcy. The deal calls for Goldman to reduce a $3B loan facility to just over $2B, and for CIT to pay Goldman $300M if it files for bankruptcy. An agreement opens the door for CIT to strike a deal with its bondholders, who were waiting on the outcome of the Goldman talks, and could also reduce CIT's need for financing from $6B to $4B.
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  • Oct. 22, 2009, 2:55 PM
    Goldman Sachs (GS) says it's not systemically significant and that it doesn't enjoy any government guarantee - not even an implicit guarantee - prompting Jonathan Weil to ask, are you laughing yet?
  • Oct. 21, 2009, 12:55 PM
    More interesting anecdotes spill out as readers make their way through Andrew Ross Sorkin's tome Too Big to Fail: Dealing with an imploding Lehman Brothers, Henry Paulson strongly suggesting that Lehman open its books to competitor Goldman Sachs (GS) - who seemed to be effectively advising Treasury on the matter. (previously: I, II)
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Company Description
Goldman Sachs Group Inc is a investment banking, securities and investment management firm. Its segments include Investment Banking, Trading and Principal Investments, Asset Management and Securities Services.