Silver as an investment

Category Archives: Lloyd Blankfein

Goldman On Tax Reform: “Now Comes The Hard Part”

The ink wasn’t even dry yet on the just published Republican Tax Cut And Jobs Act, and within the hour UBS was already confident that it has virtually no chance of passing: As UBS chief economist Seth Carpenter wrote shortly after the publication, “to our read, the release confirms our view that tax reform is […]

Coinbase Adds A Record 100,000 Bitcoin Traders In One Day

Back in the summer of 2015, one tracked the euphoria of the Chinese stock market bubble by the number, usually in the hundreds of thousands, of new brokerage accounts that were opened on any one given day. And while that bubble has long since burst, the tradition of measuring new account openings has remained, and […]

UBS CEO On Brexit – “More And More Unlikely” It Will Move 1,000 Jobs Out Of London

With Brexit negotiations still at a delicate stage, here’s the first bit of good news for the City of London in some time… As The Telegraph reports, the boss of Swiss bank UBS has said plans to move 1,000 jobs from London as a result of Brexit are now looking "more and more unlikely".  Chief Executive Sergio Ermotti said […]

UK Banks Too Scared Of Regulator To Open Accounts For Crypto Companies

Want to set up a company to trade cryptocurrencies in the City of London. Forget about it. Lloyd Blankfein tweeted about spending more time in Frankfurt, now London is shunning the fastest growing sector in finance. From the FT British banks are shunning companies that handle cryptocurrencies, forcing many to open accounts in Gibraltar, Poland […]

Higher Oil Prices Could Threaten Saudi Vision 2030

Authored by Irina Slav via OilPrice.com, Saudi’s headlines keep rolling in. Saudi Arabia is deepening its ties with Russia, with billions of investments planned for the future. Saudi Arabia is going to allow women to drive. Saudi Arabia booked a second quarterly GDP contraction in a row, with non-oil revenues particularly worrying. Saudi Arabia is […]

Government By Goldman

Authored by Gary Rivlin and Michael Hudson via The Intercept, in partnership with The Investigative Fund, Steve Bannon was in the room the day Donald Trump first fell for Gary Cohn. So were Reince Priebus, Jared Kushner, and Trump’s pick for secretary of Treasury, Steve Mnuchin. It was the end of November, three weeks after Trump’s […]

Blankfein Trolls Trump, Compares Him To A Solar Eclipse

Today's decision is a setback for the environment and for the U.S.'s leadership position in the world. #ParisAgreement — Lloyd Blankfein (@lloydblankfein) June 1, 2017 zerohedge.com / by Tyler Durden / Aug 21, 2017 3:54 PM Back on June 1, in his first ever tweet (after being a silent member of Twitter since 2011), Goldman CEO Lloyd Blankfein slammed Trump’s […]

The Real Story Behind Goldman’s Q2 Trading Loss: How A $100M Gas Bet Went Awry

Goldman Sachs FICC-trading income was an unexpectedly ugly blemish on what was already a poor Q2 earnings report. And while the FDIC-backed hedge fund initially blamed the decline on lower trading revenues, lack of volatility and depressed client activity… … there was more to the story. The Wall Street Journal has uncovered what really happened: […]

Jamie Dimon: “It’s Embarrassing As An American Listening To This Stupid Shit We Have To Deal With”

One month after Goldman CEO Lloyd Blankfein trolled Donald Trump, when on June 9 in only his 4th ever tweet, the chief executive sarcastically said on Twitter “Just landed from China, trying to catch up…. How did “infrastructure week” go?” moments ago Jamie Dimon, in very uncertain terms, lashed out at the gridlock in Washington […]

The Lost Goldman Sachs 1985 Fixed Income Recruiting Video

Authord by Sarah Butcher via eFinancialCareers.com, In 1985, Goldman Sachs was still a partnership. The current partners owned around 80% of the firm, retired partners held the remainder. Lloyd Blankfein was a 31 year-old trader at J. Aron, the commodities house Goldman had purchased four years earlier. Run by John Weinberg, a former M&A banker, […]