As traders were hit by a bloodbath on the market, even the prospect of takeover activity among the small-cap energy groups failed to prompt risers... more
New York prosecutors are widening their investigation into the manner in which Goldman Sachs marketed certain mortgage-linked securities before the financial crisis... more
Securities packaged by Deutsche Bank and Goldman Sachs are among half a dozen deals being examined by the Serious Fraud Office, the Financial Times reports... more
Goldman Sachs said that the U.S. securities regulator is probing whether the bank is complying with a law that bars American companies from bribing foreign officials... more
There is clearly big money in cheap frocks. US retailer fashion retailer Forever 21, which opened this week on Oxford Street, was deeply keen to oust HMV from its pitch opposite Bond Street Tube... more
What on earth has been going on at PureCircle? This is an AIM-listed Malaysian biotech company run by a Russian (do keep up) that has developed the mass production of food and drink sweeteners from a sunflower-like plant called stevia... more
Goldman Sachs rejects accusations that it tried to stall a probe by Lehman Brothers into whether its descent into bankruptcy was exacerbated by false rumors spread by Goldman employees... more
Clearly stung by the IMF's decision to back George Osborne's economic plans and his refusal to adopt Plan B on the deficit, David "Danny" Blanchflower is on the offensive... more
Conventional wisdom says that private companies can no longer afford to run defined benefit pension schemes. As a consequence, a large number have been closed, normally by first refusing entry to new members and then later by refusing to continue contributing further to the pension funds of existing members... more
The US may be taking a backseat in the effort to oust Colonel Gaddafi, but the London division of its most famous investment bank, Goldman Sachs, seems to have inadvertently launched an attack of its own... more
The Federal Reserve Bank of New York is investigating whether Goldman Sachs' mortgage servicing arm did not conduct proper reviews before denying borrowers the option to lower their payments under a government loan modification programme... more
Commodities fundamentals remain strong as buoyant demand from emerging markets strains tightening supplies, Glencore's chief executive has said... more
Goldman Sachs expects to be served subpoenas from U.S. prosecutors seeking more information about the firm's mortgage-related business, the Wall Street Journal reports.... more
The City rumour mill seems stuck on repeat. Today, gossips' favourite Smith & Nephew was once again the focus of vague takeover talk, despite ex-suitor Johnson & Johnson choosing to dig into its pockets for Swiss medical devices maker Synthes instead... more
I once had breakfast with one of London's most successful bankers just after he had been fired for, as he put it, "being at the controls when the bank flew into the mountain". He added: "It was a clear day. But my excuse is that I didn't see the mountain because I was flying by my instruments"... more
Directors at the London-based arm of Goldman Sachs saw their pay almost treble last year despite pre-tax profits plunging 75% to $1.19 billion (£720 million)... more
So what happens when William Cohan's Money and Power: How Goldman Sachs Came To Rule The World is entered for the FT Business Book of the Year? ... more
Goldman Sachs posts a 72% plunge in first-quarter profit, results which nevertheless impressed Wall Street observers fearful that the mighty investment bank is heading for troubled times... more
Barclays is the most at risk from recommendations made by Sir John Vickers' Independent Banking Commission's report on Monday, according to Goldman Sachs. ... more
Gerald Ronson says his 230-metre Heron Tower in Bishopsgate cost £500 million to build but will be worth £600 million when full of tenants. That will make him happy... more
"Nothing has changed," hedge fund boss Lex van Dam tells me as the credits roll for Inside Job. "The financial system will all come crashing down again but next time it will come down a lot harder. We have seen nothing yet"... more
One of the themes to emerge from the recent reporting season among the investment banks was how insignificant the fees they generated through advisory services had become... more
Gerald Ronson declared the 775-ft Heron Tower on Bishopsgate finished on Tuesday during his annual lunch at the Dorchester. All that remains is to fill the 443,000 square feet of office space... more
Wall Street's most powerful bank, Goldman Sachs, made its worst showing in U.S. deal advisory rankings in more than two decades, sliding to 10th place in the first quarter of this year... more
Afternoon:
8°c
