Word: goldmans
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Dates: during 2000-2009
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...warrants don't look too promising, either. The stocks of most of the banks the Treasury has invested in have fallen in the past two months, rendering the warrants worthless, at least for now. Some of the warrants may never have any value. Shares of Goldman Sachs, for instance, were trading at an average of $113 in mid-October. That means the stock would have to climb nearly 60% from its current $71 before the government would be able to turn a profit exercising its Goldman warrants...
...Since Goldman Sachs’s Jim O’Neil started promoting his dream of the BRICs—developing markets in Brazil, Russia, India and China—in 2001, Brazil has often been considered the ugly duckling of the group. Next to a former superpower and two ancient civilizations boasting over one billion citizens, the South American giant may have seemed Lilliputian. But the global economic crisis has made a huge difference. Brazil’s admirable resistance to the current turmoil vindicates its placement. It also strengthens the judgment that the B-side of the BRIC...
...can’t put the fact that you went to a house formal on your resume. “IM dodgeball” is not a marketable skill. And the people you play pool with in the basement are never going to secure you a position with Goldman Sachs...
...dollars, driving interest rates on bank products abnormally high. At first glance, that's fantastic news for consumers who are finding CDs that yield 4% and money-market accounts that pay 3%. But the competition for money - which will surely intensify as new bank holding companies like Morgan Stanley, Goldman Sachs and American Express amp up efforts to attract deposits - is also squeezing banks' profit margins, further straining an already weak industry and stressing smaller banks, many of which didn't go hog wild making risky loans in the first place. "Higher rates are a short-term fix," says Camden...
...more competition is on the horizon. In the past two months, Goldman Sachs, Morgan Stanley, Raymond James, GMAC, American Express and business financier CIT have all applied to convert into bank holding companies, partly in order to be able to get access to cheap funding through deposits. GE Capital, the finance arm of GE, is planning on doubling its deposit base, which it garners through broker-sold CDs, to $81 billion next year. Goldman Sachs is on track to open an online bank. Morgan Stanley, which already has $36 billion in deposits, is selling billions of dollars' worth...