Hints and tips:
...Some of Mnuchin’s colleagues at Goldman and in Washington will play a big role in his bet on NYCB....
...New York Community Bank will raise more than $1bn in a deal led by the investment firm of former US Treasury secretary Steven Mnuchin, in an effort to shore up its finances and calm fears after weeks of...
...Reverence Capital, an investment firm co-founded by fellow Goldman alumnus Milton Berlinski, would eventually put in $200mn....
...The number of problem banks in the US has jumped 18 per cent, regulators warned, as New York Community Bank was stabilised by a $1bn capital raise led by former US Treasury secretary Steven Mnuchin....
...Data visualisation by Steven Bernard...
...Smart reads Goldman’s women problem The Wall Street giant pledged to bring more women into its senior ranks....
...“Our 3 [per cent forecast] for the end of 2024 doesn’t look quite as silly today as it did four weeks ago — because four weeks ago I was getting some heat,” said Steven Major, global head of fixed income...
...Signs of labour-market cooling were noticed by Goldman Sachs as well, though it wasn’t quite as concerned....
...Goldman Sachs in particular has been outspoken in arguing that central bank officials have accomplished most of the work needed to control inflation....
...The 37-year-old, whose father Brad is close friends with Steven Schonfeld, according to a recent Business Insider article, joined the firm as chief investment officer in 2013 from Goldman, where he was a...
...The agency’s other top Hollywood clients include Scarlett Johansson, Brad Pitt, Margot Robbie and Steven Spielberg....
...(This was a fairly pessimistic estimate: JPMorgan had it at around $400bn, while Goldman calculated in July that there was $1.3tn left....
...Proskauer chair Steven Ellis will step down in April for health-related reasons. The firm will hold an election for a new leader in January....
...Goldman Sachs, Bank of America, Credit Suisse, Elliott and Vista declined to comment....
...On their heels came names like Dmitry Balyasny’s $21bn Balyasny Asset Management, Steven Cohen’s Point72 Asset Management, which runs $30.8bn, and $13bn manager Schonfeld Strategic Advisors....
...It also named mergers and acquisitions co-chair Steven Epstein as managing partner and litigation co-chair Scott Luftglass as vice-chair....
...It will bring together senior leaders from North America’s leading asset and wealth management firms, including Capital Group, BlackRock and Goldman Sachs....
...“There’s a lot of high expectations of a stimulus package,” said Steven Sun, head of research and equity strategy at HSBC Qianhai Securities....
...Jamie Dimon of JPMorgan made $34.5mn in both of the past two years and Goldman Sach’s David Solomon was paid $25mn in 2022, 30 per cent less than the year before....
...Even in the more relaxed industry culture of the time, these controls appear lax, according to Emmanuel Hatzakis, a finance professor at the Stevens Institute of Technology....
...But that is not quite the whole story, according to Steven Kelly, a senior research fellow at the Yale Program on Financial Stability....
...“Harvey Pitt was one of the greatest securities lawyers of his generation and a great friend to the mutual fund industry,” remembered Paul Schott Stevens, former chief executive of the Investment Company...
...Goldman Sachs said “we do not recognise this alleged behaviour as what we would expect of our people at any time.”...
...But in 2006 he received what was then a record individual fine of £750,000 from the UK watchdog for trading on confidential information from Goldman Sachs about a 2003 convertible bond sale, although the...
...Rishi Sunak, who once worked for Sharp at Goldman Sachs, distanced himself from his former boss....
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