News Breaks |
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| January 16, 2013 |
| 07:44 EDT |  | GS, CS, ALBCF | Alibaba looks to raise $3B-$4B in Hong Kong IPO this year, Bloomberg reports
The Chinese e-commerce company Alibaba Group Holdings (ALBCF) hired Credit Suisse (CS) and Goldman Sachs (GS) to arrange an IPO in Hong Kong, sources say, reports Bloomberg. The IPO may raise $3B to $4B this year, a source said.Reference Link |
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News For GS;CS;ALBCF From The Last 14 Days Check below for free stories on GS;CS;ALBCF the last two weeks. |
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| May 16, 2013 |
| 12:32 EDT |  | CS | EU bank stress test delayed until 2014 by regulator
The EBA agreed on recommendations to supervisors to conduct asset quality reviews on major EU banks. While banks’ capital positions were significantly strengthened under the EBA’s recapitalisation exercise, the objective of the asset quality exercises will be to review banks’ classifications and valuations of their assets so to help dispel concerns over the deterioration of asset quality due to macroeconomic conditions in Europe. Since appropriately reviewed balance sheets are a key input to an effective stress test, the EBA has also adjusted the timeline of the next EU-wide stress test so to conduct the exercise in 2014 once the asset quality reviews are completed. However, to ensure transparency and comparability over the years, the EBA will provide, in 2H, appropriate disclosure on the actual exposures of the EU banking sector. Reference Link |
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| 09:05 EDT |  | GS | SolarCity, Goldman Sachs collaborate on solar lease financing platform
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| 06:41 EDT | | GS | Big banks to benefit from U.S. concession on derivatives, NY Times says
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| 06:19 EDT |  | GS | U.K. judge rules Goldman Sachs tax deal didn’t break law, Bloomberg reports
Goldman Sachs Group's deal with the U.K. government that may have saved the investment bank about $30.6M on its taxes didn’t break any laws and was properly conducted, a judge ruled, reports Bloomberg. Reference Link |
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| May 15, 2013 |
| 13:17 EDT | | GS | Goldman Sachs COO says will address Fed's CCAR concerns
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| 13:15 EDT | | GS | Goldman Sachs COO says wouldn't cut equities on first move by Fed
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| 13:15 EDT | | GS | Goldman Sachs volatility near low end of historic range
Goldman Sachs June call option implied volatility is at 21, July and October is at 22; compared to its 26-week average of 25 according to Track Data, suggesting decreasing price movement. |
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| 06:34 EDT | | GS | JPMorgan CEO has obtained advice from Goldman counterpart, NY Times says
JPMorgan (JPM) CEO Jamie Dimon has spoken with his counterpart at Goldman Sachs (GS), Lloyd Blankfein, a number of times in recent months about the challenges that Dimon is facing, according to The New York Times, which cited unnamed sources. Reference Link J |
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| May 14, 2013 |
| 09:01 EDT | | GS | NVIDIA in $750M accelerated share repurchase pact with Goldman Sachs
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| 08:33 EDT | | GS | CFTC investigates swap contracts, FT reports
The Commodity Futures Trading Commission issued a “special call” asking Wall Street banks and other traders to provide documents that would prove recent derivatives transactions known as “exchanges of futures for swaps” were legal. Lawyers at the CFTC enforcement division are also scrutinizing the trades for possible violations. The probe is into the legitimacy of more than 1M energy and metals transactions by the biggest traders in commodities markets over the past two years.Reference Link |
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| 07:59 EDT | | GS | Glass Lewis: Investors should oppose Goldman Sachs pay plan, Bloomberg reports
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| 06:01 EDT | | GS | Goldman looking to lessen reliance on Bloomberg, NY Post reports
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| May 13, 2013 |
| 15:04 EDT | | GS | Fed says large banks must submit midyear stress tests on July 5
Eighteen large U.S. bank holding companies are required to submit the results of their company-run, midyear stress tests to the Federal Reserve on July 5, the Federal Reserve said. The Dodd-Frank Wall Street Reform and Consumer Protection Act required that large bank holding companies and non-bank financial institutions that are designated for Federal Reserve supervision by the Financial Stability Oversight Council conduct two stress tests each year. In the midyear test, which is being conducted for the first time in 2013, each firm develops its own baseline, adverse, and severely adverse scenarios to best reflect its individual operations and risks. Each firm in the midyear test is required to release the results produced under its severely adverse scenario, helping promote market discipline and understanding of the financial conditions and risks of individual firms, between September 15 and September 30, the Fed added. |
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| 08:24 EDT | | ALBCF | Softbank pressuring potential Dish investment banks, FT reports
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| 06:49 EDT | | CS | ECB member says negative deposit rates would help economy, Reuters says
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| May 10, 2013 |
| 07:24 EDT | | ALBCF | Alibaba to expand beyond China, Economic Times reports
Alibaba is looking to expand beyond its home market in China by targeting overseas Chinese through its flagship e-commerce website Taobao, reports the Economic Times. Taobao is China's most popular e-shopping platform, with over 90% of the online market for consumer-to-consumer transactions in the country. It had more than 800M product listings and over 500M registered users as of last year. Reference Link |
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| May 9, 2013 |
| 08:09 EDT | | GS | JPMorgan, Bank of America had perfect trading records in Q1, Bloomberg reports
JPMorgan Chase (JPM) and Bank of America (BAC) had perfect trading records in the first quarter, making money every day of the period as Morgan Stanley (MS) posted losses in eight sessions and Goldman Sachs (GS) in two, reports Bloomberg. One daily gain at JPMorgan was over $200M as the bank recovered from last year’s London Whale derivatives loss, the company said in a regulatory filing. Reference Link |
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| 06:05 EDT | | GS | Goldman Sachs made about $500M for Malaysian bond sales, Bloomberg reports
Goldman Sachs Group made about $500M arranging three bond sales in the past year for 1Malaysia Development Bhd., the state investment fund led by Prime Minister Najib Razak, sources say, reports Bloomberg. That total is nearly as much as Malaysia pays each month on its debt and compares with Goldman's record $694M of global bond underwriting fees in the first quarter, according to Bloomberg data. Reference Link |
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| 05:43 EDT | | GS | Big banks take the offense against Washington, WSJ reports
The biggest U.S. banks are going on the offensive to fight off growing efforts in Washington to rein them in, reports the Wall Street Journal. They've hired longtime, influential Washington insiders to deflect regulatory and political pressure to strengthen their finances and to sell assets. Reference Link |
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| May 8, 2013 |
| 13:14 EDT | | GS | Goldman said to have earned $500M from Malaysia bond deals, Bloomberg reports
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