All Posts Tagged With: "Goldman Sachs"

This article was written by Andrew Clark, for guardian.co.uk on Monday 1st March 2010 20.24 UTC They’re not all overpaid. One Wall Street banking boss, Citigroup’s chief executive Vikram Pandit, has embraced austerity by turning down a bonus and receiving a modest $128,750 in remuneration for 2009. While still an eminently survivable wage, Pandit’s package [...]

Shares of Goldman Sachs (NYSE: GS) tumbled on Thursday, down 2.5 percent to a new 52-week low of $133.50 as reports surfaced that the Securities and Exchange Commission is now probing a second collateralized debt obligation (CDO) deal, called Hudson Mezzanine 2006-1. The Hudson Mezzanine deal occurred in December of 2006, which Goldman underwrote and [...]

The Dow has given up its gains for the week, and financial stocks like Wells Fargo (NYSE:WFC), Bank of America (NYSE:BAC), JPMorgan (NYSE:JPM) Citigroup (NYSE:C), Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS) are all down on the downgrade of Spain’s debt by Fitch Ratings from its prior AAA rating to AA+. Spain had had a [...]

Sanford C. Bernstein & Co. analyst Brad Hintz said in a note to clients today that Goldman Sachs (NYSE:GS) could pay $621 million to make the SEC fraud charges against them go away. Hintz said the fine would be $250 million, and the other $371 million would be to reimburse investors in the trades. Personally, [...]

If the proposed new government regulations on derivatives remains in the financial reform bill passed on Thursday, large financial institutions like JP Morgan (NYSE:JPM), Goldman (NYSE:GS), and Morgan Stanley (NYSE:MS) could have earnings demolished by up to 20 percent, according to the banks. Assuming that’s close to being accurate, it’s going to be extremely challenging [...]

Now that the vote to close off debate on the huge financial regulation bill has passed by 60-40, voting on the bill will come very soon, and that raises concerns from banks like Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), JPMorgan (NYSE:JPM) and Morgan Stanley (NYSE:MS) on whether or not the inclusion of the provision [...]

The EU sovereign debt issue will remain on the table for some time with major financial institutions like Citigroup (NYSE:C),  Goldman Sachs (NYSE:GS),  Morgan Stanley (NYSE:MS) and Bank of America (NYSE:BAC),  are getting hit hard today, as a number of factors have come together to shake investor confidence in the economy and the banking sector in [...]

Goldman Sachs (NYSE:GS) released a report today saying the equity market for companies in the S&P 500 are considered more bullish this weak, after markets viewed them as bearish last week. Suggestions from Goldman were investors should look at buying put spreads on the Industrial SPDR ETF (NYSE:XLI), as a way to take advantage of [...]

Goldman Sachs (NYSE: GS) plans to stop its proprietary trading of collateralized loan obligations (CLOs), according to recent reports.  The Wall Street bank, which has recently been investigated by regulators over its practices in regard to collateralized debt obligations (CDOs), has already made the move to have their traders handle trades for clients, a person [...]

Andrew Cuomo has initiated another investigation, this time into eight banks, which include Citigroup (NYSE:C), Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), Bank of America (NYSE:BAC), UBS, Deutsche Bank, Credit Agricole and Credit Suisse. This is one of the more stupid things I’ve seen a politician do in the banking crisis, and it’s so obvious that [...]