The market has now had the opportunity to reflect on Goldman's Q2 earnings, which came in 82% down on the same period last year, and were the firm's worst quarterly performance since the financial crisis.
The Wall Street Journal reports that President Obama is to sign the new finreg bill into law Wednesday, and that one or two high profile bank CEOs have been left off the invite list.
Goldman has just released its Q2 earnings, which came in down 82% on the same period 12 months ago. Net income was $613m, after a $600m charge for the UK bank payroll tax, and that $550m cost of settling the SEC's fraud charges.
Goldman Sachs Reports Second Quarter Earnings Per Common Share Of $0.78
Goldman Sachs may have extricated itself from those SEC fraud charges (by paying $550m to settle), but Fabrice Tourre, an Executive Director in the firm's Structured Products, Group Trading unit, remains on the hook.
Hays Financial Markets came out top of this year's Best Temp / Interim Recruitment Firm Poll. Hays were voted into top slot by candidates and clients from among our 250,000 readership.
Hays Financial Markets came out top of this year's Best Contingency Recruitment Firm Poll.
Although it's difficult to classify Goldman CEO Lloyd Blankfein as a 'trader' - he was actually a tax lawyer before he joined and rose through the ranks at the firm's commodities trading arm J. Aron - he is certainly more trader than banker.
Some of the biggest banks in the US reported their second-quarter earnings last week, and the numbers were not pretty.
The Wall Street Journal's 'Heard on the Street' Column reports that respected CLSA bank analyst Mike Mayo was heard to complain at Citi's earnings call last week that he hadn't met with the company's top executives for some 20 months.
While there was "more good news to come" for Morgan Stanley after a 50 percent jump in third-quarter revenue, JPMorgan was "dead money," banking analyst Mike Mayo of CLSA said Friday.
For years, faking your own death has been an escape scheme of the desperate and a get-rich scam of the foolish.
If it's not emails, it's instant messaging.