Blog Archives

Bank Results Season: Goldman Sachs is the IN after all!

Investment Banking revenues rose sequentially to $1.2 Bln even as 98% of the Financial Advisory deals signed in the first half were in the smallest fee bracket and Debt underwriting surprisingly rose for Goldman Sachs globally by nearly 20% sequentially.

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Posted in Amitonomics, Banking, US

Citi, Morgan Stanley and BofA: Top 3 retail banks to lose ratings power | Banking Insight

NYTimes (Dealbook.com) was first with the scoop of course and I for one never suspected that there could be such astorm in a tea cup waiting to derail the banks this year. Though Morgan stanley has often been counted as

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Posted in Amitonomics, Banking, US

Banks get ready for Crisis 3.0 – Goldman Sachs in Monoline reinsurance | Banking Insight

Even as being in the know, the markets and myself thought we knew where the banks were headed; the banks’ synthetic desks on both sides of the Atlantic leaked news of a fresh resurgence in complexity as a business to

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Posted in Amitonomics, Banking, US

The after effects of the Greg Smith communion hour – Is this the kind of resignation you’ll post…

Goldman Sachs lost $ 2 bln in market Cap yesterday when disgruntled employee Greg Smith posted in his op-ed. The saga of his lost faith, evoked a lot of sympathy among old Goldman Sachs people including Barry Ritholtz ( confirmed

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Posted in Amitonomics, Banking, US

Is it the kind of resignation you’ll give in to quit a company you hate leaving? | GS Exec speaks out

Let’s face it. Apart from the yellow journalists who like their Vampire squid and the blind faith of followers of rant-o-rama hellraisers, not many others would blame the culture at Goldman Sachs, even when watching a live episode of South

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Posted in Amitonomics, Bailout Nation, Banking, US

Banks to report Details of Europe Exposure | Bank Insight

As per the Fed’s latest directives, banks filing their annual statements with the SEC next week onwards will post details of each and every Europe exposure divvied up as Spovereign and Corporate Exposures as well as by country in each

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Posted in Financial Markets

Superbowl Predictor takes down S&P 500 hopes? | Markets Insight

According to the Superbowl predictor, the NFC winner getting the Superbowl trophy this Sunday could mean the S&P 500 going up for the rest of the year as eviudenced in 77.8% of the cases by the predictor. In case Eli

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Posted in Amitonomics, Banking, Dealbook, European Sovereign Debt crisis, Financial Markets, Mergers etc, US

US Politics: The GOP elephant mongering:: The Gingrich – Romney wars

As the Republicans pin their hope on a Big time consultant entering the whitehouse to solve their problems, Obama gets a clear line of defense for an easy re election bid that is likely to keep markets buoyant Here’s the

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Posted in Amitonomics, US

Did you get the Facebook Mandate, Mr Banker | Advantage Dealbook

Though the announcement may get in to January as geek lord Mark Zuckenburg tries to decide himself if he prefers Goldman Sachs and Morgan Stanley or any other to lead its IPO. According to the grapevine ( and NY Times,

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Posted in Amitonomics, Banking, Dealbook, Financial Markets, Social Media, US

Will KKR sell its Schustermann legacy?

With Robert Kravis investing billions into shale, this time closer to his birth town in Tulsa OK, he may not follow his earlier penchant for selling off his shale, as the market for shale is not as promising after 40-50

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Posted in Dealbook, Financial Markets, Mergers etc, Private Equity, US