Goldman Sachs

China’s Fuel Subsidy Cut May Have the Opposite Effect to What Everyone Thinks

The Chinese economy is different to ours — and an increase in price could actually BOOST oil consumption.

Morgan Stanley Profit Drops 57% on Debt Losses

 

Morgan Stanley's earnings dropped 57 percent in the second quarter as revenue from asset management and investment banking declined while equities and fixed-income traders generated less profit.

Vested Interest: 
None
Stock Symbol: MS MORGAN STANLEY Stock Price: $41.36 Todays Change: +1.02 (+2.53%)

Goldman Sachs Files $350M Blank-Check IPO

Goldman Sachs just filed for a $350 million blank-check IPO which promises to change the rules of the SPAC game via a company called Liberty Lane Acquisition Corp.

Vested Interest: 
No vested interest
Stock Symbol: GS GOLDMAN SACHS GRP Stock Price: $163.24 Todays Change: +2.34 (+1.45%)

Goldman Sachs hit with fresh legal action relating to sub-prime fallout

 

The legal fallout from the sub-prime mortgage crisis in the United States continued yesterday as Goldman Sachs conceded for the first time that it was the target of legal action and law firms prepared a fresh round of lawsuits, this time focusing on mortgage bond insurers such as MBIA and Ambac.