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jerryking : lloyd_blankfein   16

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
Amid Protests, Blankfein Cancels College Talk -
October 10, 2011, 7:13 pmInvestment Banking
Amid Protests, Blankfein Cancels College Talk
Colleges_&_Universities  Occupy_Wall_Street  speeches  Lloyd_Blankfein  Goldman_Sachs 
october 2011 by jerryking
Gift to Teach Business to Third-World Women - New York Times
March 6, 2008 | NYT | By STEPHANIE STROM. Goldman Sachs
& Company will donate $100 million to give at least 10,000 women a
business education and, more broadly, to develop and enhance business
education programs at universities in Africa, the Middle East and other
developing regions...Mr. Blankfein said investing in educating women in
the developing world for managerial roles and in building educational
programs to develop business expertise and talent would benefit the
economies of the countries where Goldman’s money will be spent, and that
would be to the firm’s benefit. Goldman follows economic growth around
the world, Mr. Blankfein said, “but also we try to create it, because
that’s how our bread gets buttered as a business.”
3rdWorld  business_education  charities  female  Goldman_Sachs  Lloyd_Blankfein  philanthropy  women  developing_countries 
december 2010 by jerryking
Goldman Slapped
April 22, 2010 | BusinessWeek | By Jonathan Weil. A civil
suit and a Senate scolding won't be enough to make Wall Street's
wealthiest firm fly right. Article provides excellent analysis of the
role of each of the players in the upcoming SEC-GS civil suit.
Lloyd_Blankfein  Goldman_Sachs  forward_looking  analysis  due  SEC 
april 2010 by jerryking
Goldman Lists New 'Risk': Bad Press -
MARCH 1, 2010 | Wall Street Journal | By JOE BEL BRUNO. Goldman Lists New 'Risk': Bad Press
Company Sees Negative Media Coverage as a Potential Threat to Its Business; Aggressive Responses
Goldman_Sachs  Lloyd_Blankfein  public_relations  Communicating_&_Connecting 
march 2010 by jerryking
Goldman's Fortune Hunters
April 2008 | Bloomberg Markets Magazine | By Anthony Effinger
Goldman_Sachs  Lloyd_Blankfein  family_office  private_banking 
february 2010 by jerryking
Goldman Sachs Rakes In Profit in Credit Crisis -
November 19, 2007 | New York Times | By JENNY ANDERSON and
At that point, the holdings of Goldman’s mortgage desk were down
somewhat, but the notoriously nervous Mr. Viniar was worried about
bigger problems. After reviewing the full portfolio with other
executives, his message was clear: the bank should reduce its stockpile
of mortgages and mortgage-related securities and buy expensive insurance
as protection against further losses, a person briefed on the meeting
Rarely on Wall Street, where money travels in herds, has one firm gotten
it so right when nearly everyone else was getting it so wrong.
With its mix of swagger and contrary thinking, it was just the kind of
bet that has long defined Goldman’s hard-nosed, go-it-alone style.
Goldman’s secret sauce, say executives, analysts and historians, is
high-octane business acumen, tempered with paranoia and institutionally
encouraged — though not always observed — humility.

Strategic nous - "practical intelligence/good judgement/shrewdness" = "high-octane business acumen"
business_acumen  contrarians  crisis  economic_downturn  Goldman_Sachs  hard_times  herd_behaviour  herd_instincts  humility  Lloyd_Blankfein  paranoia  profits  proprietary  recessions  special_sauce  stockpiles  Wall_Street 
february 2010 by jerryking
The man who must keep Goldman growing
March 5 2008 | Fortune Magazine | By Bethany McLean, editor at
large. Lloyd Blankfein has a lot on his mind. The chief of Wall
Street's most successful investment bank has to outsmart treacherous
markets while balancing the firm's interests with those of its clients.
"Its range of operations gives Goldman unparalleled access to
information and ideas from around the world. "Goldman has more touch
points to more clients around the globe," says Jeff Harte, an analyst at
Sandler O'Neill. "It gives them more opportunities and better
collective intelligence.""
Goldman_Sachs  Lloyd_Blankfein  collective_intelligence  market_intelligence  informational_advantages  CEOs  unfair_advantages 
february 2010 by jerryking

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