Goldman Sachs
CDS spreads push out as bailout drags on
The cost of protection on some of the world’s largest dealers surged on Friday as uncertainty grew over the US government’s $700 billion plan to purchase devalued assets from financial institutions.
Goldman and Morgan become bank holding companies
Goldman Sachs and Morgan Stanley have applied to the US Federal Reserve to become bank holding companies, in response to the crisis that has seen the bankruptcy of Lehman Brothers and the acquisition of Merrill Lynch by Bank of America.
CDS spreads continue to tighten
Credit default swap (CDS) spreads on financial institutions had tightened further by close of play on September 19, as market confidence continued to rise after large injections of cash from central banks
CDS spreads tighten after central bank efforts
Credit default swap (CDS) spreads on financial institutions tightened yesterday as market confidence improved following a range of measures from central banks.
CDS spreads continue to widen
Credit default swap (CDS) spreads on financial institutions have continued to widen, despite the bailout of US insurer American International Group (AIG) by the US Federal Reserve Board on Tuesday.
Bank CDS spreads widen dramatically following Lehman collapse
The cost of protection on credit default swaps (CDSs) referenced to the world’s largest financial institutions has skyrocketed as Lehman Brother’s bankruptcy has heightened counterparty credit risk concerns.
BarCap works to revive life insurance securitisation
For Barclays Capital, a recent £250 million ($495 million) securitisation of part of UK insurer Aegon Scottish Equitable’s life portfolio proves there’s life left in the life insurance securitisation market.
Cheyne auction reflects harsh reality for SIVs
An expected restructuring of the assets of defunct structured investment vehicle (SIV) Cheyne Finance later this month underlines the harsh reality faced by many investors in the vehicles, who are likely to get little or none of their money back.
JP Morgan and Munich Re enter mortality bond market
JP Morgan has placed $100 million of extreme mortality bonds for reinsurer Munich Re, in the first foray into the mortality bond market for both firms.
Finding a niche
Energy and Commodity Rankings 2008: Energy
Q4 writedown estimates raised for Citi, Merrill and JP Morgan
Citi, Merrill Lynch and JP Morgan could see writedowns totalling $33.6 billion relating to collateralised debt obligations (CDOs) over the fourth quarter, according to a report by Goldman Sachs on American firms, published on December 26.
Bank Risk Manager of the Year - Goldman Sachs
Risk Awards 2008
Credit derivatives House of the Year - Goldman Sachs
Risk Awards 2008
Goldman Sachs launches tradeable mortality index
Goldman Sachs has launched a tradeable mortality index based on a pool of US senior citizens.
Goldman $3.2bn profit masks $600m subprime writedown
Goldman Sachs has posted impressive returns for the last quarter of 2007, but has confirmed losses of around $600 million in its mortgage business.
Bank of America's $19bn China windfall dwarfs $3bn writedown
The $3 billion writedown disclosed by Bank of America early this week has been overshadowed by the announcement that an investment in China stands to earn the firm $19 billion.
Goldman Sachs acts to support troubled fund
Goldman Sachs has led a $3 billion bailout of one of its own hedge funds after market turbulence lost it almost half its value - much of it in the last week.
Lehman Brothers appoints global head of risk solutions
Jason Tilroe, head of the Europe-wide risk solutions group at Lehman Brothers, has been promoted to the newly created post of global head of risk solutions.
Scott Prince joins SkyBridge Capital
Scott Prince, Goldman Sachs’ former head of equity derivatives, has moved to New York-based firm SkyBridge Capital.
BNP Paribas hires European securities lending head
BNP Paribas has appointed David Lonsdale to the newly created position of European head of securities lending, within its equities and derivatives business.
Hong Kong-listed derivatives on Chinese stocks
US bank Goldman Sachs has launched the first exchange traded fund (ETF) derivatives on Chinese stocks, to be listed on the Hong Kong stock exchange.
US commercial property derivatives to launch in next two months
The first US commercial property derivatives will launch by May this year, following the National Council of Real Estate Investment Fiduciaries' (NCREIF) licensing of four investment banks to use NPI, its US property index.