bloomberg.com
Paul Calello, who as head of Credit Suisse Group AG’s investment bank managed the unit through the financial crisis and helped build the company’s operations in Asia, has died. He was 49.
over 13 years ago
bloomberg.com
Goldman Sachs Group Inc., the most profitable securities firm in Wall Street history, hired David A. Markowitz from the New York Attorney General’s office.
over 13 years ago
bloomberg.com
Henry M. Paulson won joint control of Goldman Sachs Group Inc. in 1998 after exposing that Jon S. Corzine had held private talks about merging the firm with Mellon Bank, according to a book excerpt in Vanity Fair.
about 13 years ago
bloomberg.com
For Goldman Sachs’s (GS) Special Situations Group, corporate disasters can be a source of some of the bank’s biggest profits. Now the secretive operation, which invests in the debt and equity of troubled companies and in loans to high-risk borrowers, faces its own potential calamity. The group, known as SSG, could be put out of business by new rules in the Dodd-Frank financial reform law that seek to curb proprietary trading by banks.
about 13 years ago
bloomberg.com
Glencore International AG’s initial public offering may value Chief Executive Officer Ivan Glasenberg’s stake at $9.6 billion, more than Google Inc. and Blackstone Group LP’s founders reaped in their IPOs.
about 13 years ago
bloomberg.com
Goldman Sachs Group Inc. agreed to sell Litton Loan Servicing LP to Ocwen Financial Corp. for $263.7 million in cash, ending the New York-based bank’s 3-1/2 year experiment in processing home-loan payments.
almost 13 years ago
bloomberg.com
William Tanona, an analyst who specializes in U.S. brokerage stocks, is leaving UBS AG after less than a year to work for Fortress Investment Group LLC’s corporate credit group.
over 12 years ago
Search by beat, location, outlet & position to find the right journalists for your story.
Sign up for freebloomberg.com
Goldman Sachs Group Inc. Chief Financial Officer David A. Viniar expects that Moody’s Investors Service’s pending downgrades of major U.S. banks will have a “muted impact” on the companies, according to an analyst.
almost 12 years ago
bloomberg.com
Citigroup Inc. and Goldman Sachs Group Inc. are among Wall Street firms that shifted operations to other cities and told staff to work from home as Hurricane Sandy forced evacuations in New York.
over 11 years ago
bloomberg.com
JPMorgan Chase & Co. paid Achilles Macris $31.8 million in the two years before the firm racked up at least $6.2 billion of losses on a portfolio he oversaw, more than his boss Ina Drew and among the most at the bank.
about 11 years ago
bloomberg.com
Paul D. Scialla and Peter E. Scialla, 39-year-old twins who had been partners at Goldman Sachs Group Inc. since 2008, left the firm last week to focus on a real estate company that Paul created while at the bank.
about 11 years ago
bloomberg.com
Goldman Sachs Group Inc., which has been advising Apple Inc. on how to deal with its multibillion-dollar cash pile, and Deutsche Bank AG, Germany’s biggest lender, are in the lead to help the iPhone maker sell bonds for the first time in 17 years.
about 11 years ago
bloomberg.com
Authorities plan to arrest two former JPMorgan Chase & Co. employees on fraud charges related to their role in a trading loss last year, the New York Times reported, citing people briefed on the matter.
almost 11 years ago
bloomberg.com
John Whitehead, the Wall Street banker who led Goldman, Sachs & Co.’s first forays overseas in the 1970s and 1980s and later oversaw the redevelopment of Lower Manhattan after the Sept. 11 terrorist attacks, has died. He was 92.
over 9 years ago
bloomberg.com
Lucidus Capital Partners, a high-yield credit fund founded in 2009 by former employees of Bruce Kovner’s Caxton Associates, has liquidated its entire portfolio and plans to return the $900 million it has under management to investors next month, according to a statement Monday from the London-based company.
over 8 years ago
bloomberg.com
Lloyd Blankfein took to Twitter on Thursday to praise Saudi Arabia’s decision to allow women to drive.
over 6 years ago
bloomberg.com
Trade disputes, exploding global debt and volatile stock markets were just the beginning.
over 5 years ago
bloomberg.com
Venture capital has enabled a boom in micromobility.
over 4 years ago
bloomberg.com
One evening about two years ago, I was at Paul Volcker’s Manhattan apartment when the phone rang. It was Ray Dalio, the billionaire hedge fund manager, inviting Paul and his wife, Anke, to join him at the ballet on some future date. Soon after, Paul said that he and Anke had to leave for Brooklyn. They were attending a wake for his barber.
over 4 years ago
bloomberg.com
The Fed had to inflict a lot of pain in the ’80s to convince markets it was serious.
over 1 year ago