It was once only a brave investor who’d bet against fashion favourite Asos, but yesterday two City experts called time on the stock.
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Friday 22 July 2011
Going by this last quarter's results, Wall Street could have a new top dog. Morgan Stanley trounced not just market expectations for its latest three-month revenues, but its arch-rival Goldman Sachs as well. "Morgan Stanley is the new Goldman Sachs," the Rochdale Securities' analyst Dick Bove declared after seeing the results yesterday. Morgan Stanley's bonds, commodities and currency trading operations brought in revenues of $1.9bn (£1.67bn), up from $1.7bn, despite the new regulations and caution on the part of clients that have been affecting all Wall Street firms since the financial crisis.
Wednesday 20 July 2011
Goldman Sachs will lay off 1,000 staff before the end of the year, amid sharp falls in trading activity.
Monday 18 July 2011
Goldman Sachs, the investment banking giant, is expected to say this week it has allocated a bonus pot worth $3.9bn (£2.4bn) in its second quarter.
Friday 03 June 2011
Goldman Sachs has received a subpoena from the Manhattan District Attorney's office, adding further legal pressure on the investment bank over its actions in the lead-up to the financial crisis.
Friday 13 May 2011
Thursday 12 May 2011
Friday 06 May 2011
Thursday 05 May 2011
Tuesday 03 May 2011
Sunday 01 May 2011
Thursday 14 April 2011
Outlook Roll up, roll up, for the Glencore flotation, likely to be announced as early as today. The commodities trader is certainly leaving it to the last minute to get its IPO away – a string of companies have dropped plans for listings over the past couple of weeks, so fragile is confidence in the new-issues market. There is also a growing clamour from commodities bears – witness the warning from Goldman Sachs earlier this week – that we may have reached the top of the boom.
Tuesday 05 April 2011
Four orders of nuns are demanding that Goldman Sachs overhauls its pay for top executives, in the teeth of public fury over excessive bonuses and after it was revealed that Lloyd Blankfein, the investment bank's chief executive, took home $19m (£11.7m) last year.
Sunday 03 April 2011
Goldman Sachs has signalled an end to a short-lived era of "restraint" in salaries and bonuses by awarding its chief executive $14.1m (£8.7m) in cash, stock awards and perks for the last year. The payout is a huge increase from 2009, when Lloyd Blankfein was awarded just over $1m for his efforts, according to the Associated Press.
Wednesday 23 March 2011
Another one of "God's bankers"?
Tuesday 22 February 2011
That nice chap who delivers my shopping?
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