Unstructured Finance

Wall Street pay: Headed up or down?

October 19, 2012

It was a good third quarter for Wall Street profits and an even better one for employees: Goldman Sachs and Morgan Stanley set aside another $7.6 billion in compensation during the period, with year-to-date pay for the average employee up 15 percent at Goldman and 3 percent at Morgan Stanley.

The new Goldman way: Less cushy compensation?

September 19, 2012

By Lauren Tara LaCapra

On a conference call to discuss Goldman Sachs’ new chief financial officer yesterday, an analyst asked departing CFO David Viniar why he was leaving when the stock is at a historic low.

S&P calls baloney on Wall Street’s “cyclical” profit view

July 2, 2012

By Lauren Tara LaCapra

Ask a Wall Street CEO whether his bank will be able to make as much money as it used to make, once customers start trading and doing deals again. He will inevitably respond with some form of “Yes!”

UF’s Weekend Reads

March 17, 2012

Here is Sam Forgione’s suggested weekend reads. Happy St. Patrick’s Day everyone. The calendar says March but it feels like mid-May in NYC.

When it comes to its hedge funds, Goldman is on the CAIS

March 15, 2012

By Katya Wachtel

Goldman Sachs’s own hedge fund product  — like the now defunct Global Alpha — is generally reserved for the checkbooks of the investment bank’s wealth management clients. But not always.

Goldman vs Goldman

By Jennifer Ablan
March 14, 2012

By Jennifer Ablan and Matthew Goldstein

Goldman Sachs’s chief executive Lloyd Blankfein and his likely successor, Gary Cohn, issued a formal response today following a scathing op-ed in the New York Times from Greg Smith, who announced his resignation from the investment firm.

The Book of Goldman

March 9, 2012

View from Goldman Sachs office, Salt Lake City.

By Katya Wachtel and Lauren Tara LaCapra

Al Crutchfield, a 56-year-old cab driver who has spent most of his life in Salt Lake City, does not understand why so many Americans are angry at Goldman Sachs.

The taxman cometh for MF Global

January 5, 2012

By Matthew Goldstein

You can add the U.S. Internal Revenue Service to the long list of creditors and customers looking to get their money back from MF Global, the failed futures brokerage firm.

M&A wrap: T-Mobile “crying out” for Sprint tie-up?

By Reuters Staff
December 20, 2011

Deutsche Telekom may be forced into a tie-up of its sub-scale U.S. wireless unit with Sprint Nextel after a $39 billion deal with AT&T collapsed. While Deutsche Telekom is now walking away with a $6 billion breakup package, its chief executive Rene Obermann has lost a lot of time and will now have to invest in the U.S. market or find a new way to exit the country, an option analysts regard as unlikely. T-Mobile USA “is just crying out for a merger with Sprint. That’s the only long-term solution for Deutsche Telekom,” Will Draper, head of telecoms research at Espirito Santo, said.

M & A wrap: A Buffett bailout for BofA

August 25, 2011

Warren Buffett’s Berkshire Hathaway will invest $5 billion in Bank of America, stepping in to shore up the company in the same way he helped prop up Goldman Sachs during the financial crisis.