Philanthropy and bank bashing
It is difficult to imagine what was going through the brain of Goldman Sachs boss Lloyd Blankfein when the bank announced a $500m initiative to help small US businesses
Investment banking
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Rules on bankers’ pay will ‘distort profits’
Analysts at Credit Suisse have highlighted ‘potential accounting confusion’ arising from moves to defer bonuses following a decision by the G20 countries to order a global shift in remuneration structures
Investment banks gain by going with the flow
Focus on simple products pays off
Investment banks breathe again
Winners and losers are emerging in Middle East
Goldman holds stake in China group battling M Stanley
Case highlights China’s derivatives disputes
Future of Lazard remains uncertain
Speculation swirls over Wasserstein successor
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Comment
A revival of fortunes
Banks: Amid plans for big awards based on resurgent earnings, executives are holding out against charges of defying plans to end the bonus culture many blamed for the credit crisis
To avoid crises, we need more transparency
The importance of fair value accounting to responsible systemic risk management is hard to overstate, writes Lloyd Blankfein, chief executive of Goldman Sachs
Costly cogs, misfiring machine
A business at bay: More than two years since the credit crisis set in, investment managers face growing demands to justify what they buy for clients, the myriad fees they levy – and whether their vast industry serves anyone’s interest but its own
Everyday banking with no bill to the taxpayer
Deposits need to be backed by safe assets otherwise the mismatch of risk provides an unjustifiable public subsidy, writes John Kay
Lehman woe proved timely for BarCap
If there is one distinct winner to have emerged from the wreckage of the Lehman collapse and the financial turmoil that ensued, it is the investment banking arm of the UK bank
Jury out on Nomura’s ‘organised chaos’
A year after acquiring most of Lehman Brothers’ businesses in Europe, Asia and the Middle East when the Wall Street institution collapsed, Nomura’s biggest challenge lies in playing down those Asian roots
Hedge funds show the way on bonuses
Investment banks should prove to shareholders that the trading business can punch its weight by raising at least some of the capital direct from outside investors – who can help keep bonuses in line, writes Paul Marshall
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