Word: bankes
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Dates: during 2000-2009
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...bigger losses should its traders get things wrong. Based on its trading activity now, Goldman says it could lose as much as $250 million in a day should its bets go wrong, up 30% from a year ago. What's more, even though Goldman has become a bank holding company, like Morgan, it has done little to begin to attract more deposits...
...Morgan, unlike Goldman, seems to be really interested in building up its deposit base. Last year, the firm hired former Wachovia executive Cece Sutton to run its retail-banking division. Last month, Morgan said it would soon be adding more employees in Charlotte and New York to help expand its banking operations. Already the bank has nearly tripled its customers' deposits to just over $100 billion...
...hires come at a time when the bank's traditional investment-banking operations seem to be shrinking. Overall, Morgan has lowered its payrolls by 8% in the past year, but its ranks of investment bankers have fallen by a slightly steeper 10%. And in underwriting, a key investment-banking business, Morgan has continued to lose ground. Through the first six months of this year, Morgan ranked as the sixth largest underwriter of stock and bond offerings, down from fourth two years...
...convince the Israelis to halt settlement, and now they want a photo opportunity," a Palestinian official speaking to Reuters said of the New York City meeting. "We'll do this not to upset Obama. But it's a victory for Netanyahu." (See pictures of life in the West Bank settlements...
...case is known as "Clearstream" - a reference to a Luxembourg bank in which a number of top French politicians and business figures purportedly held accounts containing illegal kickback money from arms contracts. Those claims turned out to be false - as was the forged list of names of 89 Clearstream account holders that was sent to a French investigating judge in 2004 by an anonymous whistle-blower. Among those cited were then Finance Minister Sarkozy, who at the time was locked in a fierce battle with his boss, Prime Minister de Villepin, over who would run as the right's standard...