April 2009
Vikram Pandit beat expectations, Citigroup Posts $1.6 Billion Profit
Citigroup posted a smaller-than-expected loss since 2007 thanks to cost-cutting and improved investment banking. Citi’s the third large institution this week, after Goldman Sachs Group and J.P. Morgan Chase & Co., to report stronger-than-proj...
Chrysler LLC Lenders Plan Debt Offer
Chrysler LLC’s lenders are planning to make a counteroffer this week to the U.S. Treasury, which originally asked creditors owed about $6.9 billion to accept $1 billion to keep the auto maker from liquidating. Late Sunday night, the lenders recei...
What is Goldman Sachs GS Vintage Fund V?
US investment giant Goldman Sachs Group Inc has raised $5.5bn (£3.72bn) of investor commitments for a new fund that will buy private equity investments on the secondary market, wsj reported. The Journal said the new fund, called GS Vintage Fund V, wou...
Goldman Sachs Group plans stock offering
Wall Street investment bank Goldman Sachs Group Inc. is considering making a multibillion dollar offering of its shares to investors. The company is planning this offering as part of an effort to repay a $10 billion government loan. Though the final si...
March 2009
How Goldman Sachs will repay AID TARP money?
I hope Goldman Sachs do pay the money back, however they will still have to follow the new Regulations, Oversight, and Accountability Standards. Goldman Sachs was the largest beneficiary from this entire taxpayers bailout disaster. What happened to end...
February 2009
AIG Asia asset sales plan, yes or no?
Citigroup and Goldman Sachs are advising AIG on its Asia asset sales. AIG initially intended to sell 49% of AIA, which is Asia’s largest life insurer with operations in 10 countries, but it has since signaled it was open to selling the whole unit...
A.G. Lafley pushes Procter & Gamble (P&G) and Goldman Sachs to sell its pharmaceuticals unit!
A.G. Lafley, Cincinnati, Ohio based company, consumer products giant the Procter & Gamble Co. chief executive, told in December that the company had stopped investing in new drug development and would consider divesting some of its key pharmaceut...
November 2008
Great move; Goldman Sachs CEO and six other top execs says no to Christmas bonuses for 2008.
Goldman Sachs CEO Lloyd Blankfein and six other top execs including Jon Winkelried, Gary Cohn, David Viniar and three vice chairmen — J. Michael Evans, Michael Sherwood and John Weinberg of the troubled firm have decided to forgo their Christmas ...
October 2008
Goldman Sachs Citigroup Inc. Merger now its a joke!
When Warren made an investment in GS, he said he was investing in BRAINS. I think those brains so far are scrambling because they are going to be soon served in France as scrambled brains on a platter. She loves me, she loves me not,she loves me, she l...
September 2008
Why Warren Buffett injects $5 billion in Goldman Sachs?
The deal, marking one of the largest expressions of confidence in the financial system since the credit crisis began to intensify in recent weeks. Warren Buffett has secured another great deal during this great financial turbulence by investing $5 bil...
Goldman Sachs and Morgan Stanley- bank holding firms. America- a new socialist republic?
So much for a free market economy. All financial agencies are to become agents of the government. That technically makes them part of the Treasury as well as every other bank employee. Welcome to a socialist republic. More regulation will certainly me...
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