Goldman takes the commodity derivatives crown
Secrets and lies
The positive sentiment caused by good Q1 results has faded as sovereign woes and the Goldman Sachs lawsuit weighed heavily on credit investors.
Editor Victoria Tozer-Pennington reviews the op risk events from the month that range from volcanic ash clouds to civil fraud.
Goldman Sachs is offering US investors a long play on the S&P 500 as well as some regular coupon income. The annual coupon and long product term provide a considerable buffer before capital is lost. Returns are uncapped, but the eight-year and seven-month...
A recent online poll found a small majority backing California's demand for banks to reveal their involvement in the state's credit default swaps.
The US Securities and Exchange Commission filed a lawsuit against Goldman Sachs in April, alleging the firm misled clients. Some observers suggest the action may not be successful, but criticise Goldman’s behaviour. By Mark Pengelly and Duncan Wood
Goldman Sachs has been sharply criticised for arranging a synthetic collateralised debt obligation (CDO) at the centre of a lawsuit filed by the US Securities and Exchange Commission (SEC) last week.
Bonus speculation is now over as the banks pay out, with the exception of Royal Bank of Scotland, which will not pay bonuses until June.
Goldman Sachs’ operational risk management department has two global co-heads, Spyro Karetsos and Mark D’Arcy, who together are using a ‘Rosetta Stone’ approach to break down operational risk language barriers between business lines.
US investment bank Goldman Sachs is pioneering scenario analysis as a tool for managing reputational risk