The US Congress finalised a major regulatory overhaul of the financial sector on Friday that would impose a $19bn levy on Wall Street, and force banks such as Goldman Sachs and Morgan Stanley to retreat from lucrative businesses.If approved as expected, the legislation would mark the most dramatic change in financial rules since the 1999 repeal of the Depression-era separation of investment and c
BASF on Wednesday sealed a €3.1bn ($3.8bn) deal to take over smaller rival Cognis, in one of the largest acquisitions the chemicals sector has seen this year.The world’s largest chemicals group by revenues said it had reached an agreement with Cognis’s owners – US investment bank Goldman Sachs and British private equity group Permira – to buy the company for an equity purchasing price of €700m.
Wall Street firms have harmed Texas and all of America.I've proposed a State Attorney General lawsuit and to work at no fee to help solve the problem. Our people are unemployed.Our home values have plummeted.And, our state governments are making savage cuts to our schools, our kids' healthcare and more. These facts give states, including Texas, the right to sue Goldman Sachs, Morgan Stanley, and
BASF is set to buy smaller rival Cognis in a more than €3bn deal that will help the German chemicals maker to diversify away from oil-based products.Investment bank Goldman Sachs and private equity firm Permira, Cognis’s owners, are set to sign a deal with BASF in the first half of this week, people close to the situation told the Financial Times.
Public criticism of Goldman Sachs has come to China, where the investment bank has been lambasted in articles in state-controlled media.Parts of the media, apparently emboldened by congressional inquiries and public anger in the west, have openly slated Goldman, arguably the most successful foreign investment bank in China.
Tora, a trading technology vendor in which Goldman Sachs recently took a stake, has unveiled plans to create a pan-Asian “dark pool in an ambitious move to break into an industry dominated by investment banks and brokers.The plans are another sign that Asia is moving towards fragmentation of trading away from established exchanges and is mirroring developments in Europe in the past three years, f
Whatever their ideology, Americans have serious reason for concern over this Administration's handling of national security matters.Simply put, this Administration does not appear to treat national security as its highest priority and does not see that we face a mortal threat from enemies both internal and external.It is time for Americans to say Enough already! and demand that their leadership
Goldman Sachs’ trading operations made money every single business day in the first quarter, a feat that was a first for the bank, but could fuel criticism of its business model and market behaviour.Goldman’s trading desk recorded a profit of at least $25m (€19.5m) on all of the first quarter’s 63 working days, making more than $100m a day on 35 occasions, a regulatory filing issued on Monday sho