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Goldman eyes expansion of investment banking
March 23, 2018 | FT | Ben McLannahan.

The contrasting fortunes of the rivals for the top spot suggest that Goldman sees no immediate turnround in trading, and in fixed-income trading in particular, where clients such as hedge funds have been reluctant to put on big trades in listless, directionless markets. Mr Blankfein noted on Friday that the entire industry had been hurting, as overall revenues roughly halved from their peak in 2009. But he said Goldman had “under-invested” in simpler products such as cash bonds, “which led to lower penetration with certain large asset managers and banks.”

The future is dealmaking, more relationships; they can’t just deal with the blue-chips and the next rung down

David Hendler, Viola Risk Advisors
The doubling down in investment banking suggests that Goldman is “going where the margins are,” said David Hendler, founder and principal of Viola Risk Advisors. “The future is dealmaking, more relationships; they can’t just deal with the blue-chips and the next rung down.”
directionless  Goldman_Sachs  investment_banking  growth  Lloyd_Blankfein  relationships  expansions  deal-making  blue-chips 
march 2018 by jerryking
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