Worst Performance For Over 2 Decades - Goldman In Crisis ?

Goldman Down

The provisional Q1 Thomson Financial M&A leagues tables are out, and much is being made of the fact that Goldman Sachs is currently sitting in 10th place in the US league table - the firm's worst performance for over two decades

But before we write-off Goldman Sachs (and how many times has the firm been written off before only to bounce back and confound the critics ?), Goldman missed out big time on two major US deals during the first-quarter (the $39bn AT&T / T-Mobile deal and the $59bn AIG restructuring), which made all the difference. In Europe and globally, Goldman currently sits safely in the top 5.

Reuters quotes Teck Tjuan Yap, a Managing Director over at Freeman Consulting Servcies, who said: 'It will ruffle some feathers, definitely in this quarter, but I'm sure Goldman being Goldman, will find a way to make up for it for the rest of the year'.

The news agency also quotes an unnamed 'former Goldman MD', however, who said: 'They (Goldman) are no longer the default choice because of the taint around them - justified or unjustified - from the financial crisis'.

 

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