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Goldman Sachs Group Inc. (GS)

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  • Feb. 17, 2010, 12:56 PM
    Some stirring in commercial real estate? Goldman Sachs' (GS) potential funding of a Tennessee mall may show that Wall Street is ready to resume bundling real estate loans into bonds. But on other fronts, downtowns are going downhill.
  • Feb. 16, 2010, 6:16 AM
    Kevin Connor wonders whether hedge-fund giant John Paulson is partnering with Goldman Sachs (GS) in building massive and profitable bets against Greece.
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  • Feb. 12, 2010, 3:30 PM
    Marc Spilker, head of Goldman Sachs (GS) Asset Management (with $822B of AUM), hastily retires from the position after 20 years with the firm, with Ed Forst tapped as new co-chief for the group. Should leave more time for landscaping.
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  • Feb. 12, 2010, 1:10 PM
    Wall Street's biggest headache among regulators: CFTC chief Gary Gensler, who pushes for strong derivatives legislation. After 18 years at Goldman (GS), he knows all the tricks and fights with lobbyists over even minor language changes that might provide loopholes for the financial industry. With friends like that...
  • Feb. 12, 2010, 8:55 AM
    Paul Volcker says Goldman Sachs (GS) and other newly-chartered banks can give up their bank status if they want to avoid the ban on proprietary trading. "If you don’t want to follow those rules, you want to go out and do a lot of proprietary stuff, fine - but don’t do it with a banking license."
  • Feb. 11, 2010, 4:25 PM
    Ex-Goldman Sachs (GS) programmer Sergey Aleynikov is indicted on the charges that he stole proprietary high-frequency trading computer code from the firm, and faces up to 25 years in prison. (previously: I, II)
  • Feb. 11, 2010, 2:07 PM
    Two pension funds sue Morgan Stanley (MS -1.2%) over its 62% net revenue set-aside for compensation in a year where the firm took an annual loss. By comparison, Goldman Sachs (GS) set aside 36% for pay in 2009.
  • Feb. 11, 2010, 9:53 AM
    First, Greece. Next, Portugal? "If I was the Portugese finance minister needing [a bailout], I would think I have a strong case," David Nielsen, chief European economist at Goldman Sachs (GS), tells CNBC. Now that the EU will backstop Greece, how does it say no to the next in line?
  • Feb. 10, 2010, 9:10 AM
    Obama seeks to calm relations with Wall Street, telling BusinessWeek he did not "begrudge people success or wealth" because it is "part of the free-market system." He offers praise for Blankfein (GS) and Dimon (JPM) for taking compensation in stock, saying it's a "fairer way of measuring CEO success and ultimately will make the performance of American business better."
  • Feb. 10, 2010, 8:04 AM
    Goldman Sachs (GS) played a key role in helping Greece hide its true debt levels, reports Der Spiegel. In 2002, Greece and Goldman "devised a special kind of swap with fictional exchange rates" that created additional credit of up to $1B for the debt-laden country.
  • Feb. 8, 2010, 12:22 PM
    Felix Salmon calls Blankfein's paltry $9M bonus at Goldman Sachs (GS) "a great move... maybe, just maybe, Goldman Sachs is coming to the realization that its senior executives won't leave after all if their bonuses are cut to the merely enormous from the utterly obscene." Pay czar Feinberg takes some of the credit: "To a large extent, I think he has succeeded in adopting the prescriptions we laid out" for noncash compensation.
  • Feb. 8, 2010, 10:34 AM
    Yves Smith is out with a manifesto on why the NYT's latest Goldman Sachs (GS) / AIG (AIG) salvo misses the boat.
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  • Feb. 8, 2010, 8:02 AM
    Following an NYT report that the SEC is investigating Goldman Sachs (GS), among other banks, a Goldman spokesman says "this is the New York Times' third attempt to develop a conspiracy theory about Goldman Sachs and AIG. The theories are disgracefully contradictory and the 'facts' don't stand up to serious scrutiny."
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  • Feb. 8, 2010, 7:54 AM
    The NYT reports the SEC is investigating whether the mortgage insurance market was improperly distressed in 2008 because of demands that Goldman Sachs (GS) and other banks made on AIG (AIG).
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  • Feb. 7, 2010, 3:12 PM
    An interesting NYT article about how Goldman Sachs (GS) helped bring about the downfall of AIG (AIG).
  • Feb. 5, 2010, 5:32 PM
    Goldman Sachs (GS) CEO Lloyd Blankfein, along with GS's president and its CFO, each will receive a stock bonus worth nearly $9M with no cash. The stock bonuses will not be available for five years and will vest over three years. Earlier today, JPMorgan Chase (JPM) reported CEO Jamie Dimon's package of nearly $17M.
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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.