The New York Times reports that Goldman Sachs has decided that the level of media attention seen over its proposed private placement of Facebook shares 'might not be consistent with the proper completion of a US private placement under US law'.
Goldman Sachs last week publicly issued the report compiled by the firm's Business Standards Committee.
JPMorgan Chase has reported fourth quarter 2010 net income of $4.8 billion, an increase of 47% compared with $3.3 billion for the fourth quarter of 2009. Earnings per share were $1.12, compared with $0.74 for the fourth quarter of 2009.
Now here's an interesting little item.
Shares in Facebook recently changed hands at a valuation that put a $50bn price tag on the whole thing - up from the $100m the business was valued in 2005, when Accel Partners invested $10m for a 10% stake.
Barber Salvatore Anzalone has been looking after Goldman staff and executives for over 20 years. Until the firm moved to its new Bayyery Park City HQ in New York recently, Anzalone even worked out of the firm's basement.
Hong Kong - The Merrill Lynch 'Milkshake Murder' is back in the news, as Nancy Kissel, the woman originally found guilty of murdering her husband, former Merrill Lynch Hong Kong executive Robert Kissel, has successfully appealed and is currently being retried.
The Financial Times and IFC, a member of the World Bank Group, has launched the FT/IFC Sustainable Finance Awards, a major global programme designed to recognise the institutions across the financial industry that have shown leadership and innovation in integrating environmental, social and governance considerations into their business.
OK, the guy allegedly worked for Dimino's Pizza, but it's still rather amusing (unless you are Domino's Pizza).
F&C Asset Management has announced details of an operational review.