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Topic: Goldman Sachs
Forget CEO pay, investment banks laughing all the way to the bank

Forget CEO pay, investment banks laughing all the way to the bank

During the Global Financial Crisis, when Australian companies clamored to raise precious capital to shore-up their balance sheets, investment bankers and their favoured institutional clients made out like bandits.

US reform guarantees nothing

US reform guarantees nothing

In a sense it’s a measure of America’s misery that in a new era of deflation and tight credit, it celebrates a Bill that curbs the banks.

Media fury as government, erm, does what it demanded

Media fury as government, erm, does what it demanded

The Australian and the Financial Review demanded that the Government retreat on the RSPT. Now that the Government has done exactly that, they're giving it a flogging.

$1 billion: it’s Basis Capital versus the vampire squid

$1 billion: it’s Basis Capital versus the vampire squid

What happens when the smartest guys in the room are shown to be the dumbest? They sue.

Goldman’s still got it

Goldman’s still got it

Despite the fraud allegations against Goldman Sachs, its big customers aren't budging. Why the loyalty? Because they don't blame Goldman Sachs for the GFC, even if everyone else does.

Austerity the new cool in UK … and in Italy, too … Brazil waxes lyrical about big oil find …

Austerity the new cool in UK … and in Italy, too … Brazil waxes lyrical about big oil find …

It's hair shirts all around in London ... Italy cuts public sector hiring and pay ... Changes in the wind for US bank ratings ... Car sales figures here are up on last year ... Brazil waxes lyrical about another big oil find ...

The all-you-can-earn Buffett

The all-you-can-earn Buffett

Warren Buffet is the best investor in the world, the responsible, folksy old timer outsider from Omaha, different from the slick Wall Street guys. Right? Not quite, says NY Mag.

<em>NYT</em> takes on Goldman Sachs

NYT takes on Goldman Sachs

The New York Times has dealt a "devastating" blow to Goldman Sachs, with an extensive front-page report into the company's conflicted business position and dodgy deals. The article is now the talk of the business world.

Goldman’s secret army

Goldman’s secret army

Goldman Sachs may be publicly cheering for tighter financial regulations, but behind the scenes, it has spent $6 million in the last year alone, running an army of DC lobbyists, employing the services of 14 separate lobbying firms.

US banks: perfect or mutants?

US banks: perfect or mutants?

US banks -- Goldman Sachs, JP Morgan, etc -- have recorded perfect trading quarters and massive profits as of late. But rather than be grateful for post-GFC recovery, there's an awful sense of foreboding.