Breakingviews

Goldman’s Tesla upgrade is a case of bad timing

May 19, 2016

The Wall Street firm’s analysts moved the carmaker to “buy” just before its bankers took a role in a $1.7 bln stock sale. It smells bad - and watchdogs will surely take a look - but there are plenty of mitigating factors. This may just be Chinese walls working as intended.

Viewsroom: Coal bust, Bank earnings, Millennial media

April 15, 2016

Peabody Energy's bankruptcy gives Big Oil a glimpse into the future, while energy losses are just one issue U.S. lenders have to contend with. Plus: startup news outlets face age-old problems.

Banks can’t rely on lifeboats when Titanic sinks

April 13, 2016

JPMorgan is among five big U.S. firms that failed the living wills test. That’s because they counted on liquidity from other subsidiaries that could be cut off from providing aid when things go awry. The regulators’ message to Wall Street is clear: every man for himself will prevail in the next crisis.

Goldman left with long-term greedy as only option

April 12, 2016

The Wall Street firm’s executives would boast that they’d rather wait for riches than make a quick buck. Lloyd Blankfein’s minions may not have a choice. A dismal start to 2016 for the industry and several years of subpar earnings ahead justify the bank’s discount to book value.

Credit Suisse wise to flaunt Brexit neutrality

April 8, 2016

The Swiss bank has banned staff from events and debates tied to the UK’s EU referendum. Overt partisanship might have unnerved some Credit Suisse clients. As Switzerland renegotiates its own trading terms with Europe, Brexit impartiality also makes sense for its domestic banks.

Goldman and rivals’ pay cut may have bright side

January 20, 2016

Staff compensation at the Wall Street firm is 8 pct less on average than in 2014 and down almost 11 pct at Morgan Stanley. JPMorgan workers fared better but still took a hit. With share values way down, though, those paid in stock may get a great deal – barring another crash.

Goldman’s near-wipeout of Q4 profit met with shrug

January 15, 2016

A tentative $5 bln mortgage settlement comes more than 10 years after the Wall Street bank’s first missteps and more than five since it paid the SEC $550 mln. The deal ought to close the book on crisis-era fines. Even so, the lack of reaction shows how numb investors have become.

Cox: Cruz capitalism gives off a whiff of cronyism

By Rob Cox
January 14, 2016

U.S. presidential wannabe Ted Cruz has attacked bank bailouts and special-interest policies, from Ex-Im Bank to ethanol subsidies. Now he concedes he used a Goldman Sachs loan to fund a 2012 Senate campaign and didn’t disclose it. It bruises his carefully crafted populist image.

Hadas: The BRICs are dead. Long live the BRICs!

November 11, 2015

Goldman Sachs coined the acronym in the 2000s when Brazil, Russia, India and China promised the greatest economic shift in a century. Now Goldman is closing its flailing BRIC fund. But poor countries are still gaining on rich ones, and their base for growth is getting more solid.

Fed feeds Goldman conspiracy-theory machine

November 10, 2015

Hiring former dealmaker Neel Kashkari to run Minneapolis means the investment bank’s alumni are in charge of three of the central bank’s 12 regional branches. It’s great fodder for those seeking evidence of a system in thrall to Wall Street and Goldman. The reality is less juicy.