Search results “Investment bank goldman sachs” for the 2014
Goldman Sachs CNBC Documentary: Trading Techniques of an Investment Bank
Views: 260955 Kellymichellefx
Goldman Sachs Jobs: How Graduates Get Hired
Goldman Sachs only accepts around three percent of job applicants. Who gets hired? How much are they paid? WSJ's Jason Bellini has #TheShortAnswer on what college students considering investment banking should know. Subscribe to the WSJ channel here: http://bit.ly/14Q81Xy Visit the WSJ channel for more video: https://www.youtube.com/wsjdigitalnetwork More from the Wall Street Journal: Visit WSJ.com: http://online.wsj.com/home-page Follow WSJ on Facebook: http://www.facebook.com/wsjlive Follow WSJ on Google+: https://plus.google.com/+wsj/posts Follow WSJ on Twitter: https://twitter.com/WSJLive Follow WSJ on Instagram: http://instagram.com/wsj Follow WSJ on Pinterest: http://www.pinterest.com/wsj/ Follow WSJ on Tumblr: http://www.tumblr.com/tagged/wall-street-journal Don’t miss a WSJ video, subscribe here: http://bit.ly/14Q81Xy More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Visit the WSJ Video Center: https://wsj.com/video On Facebook: https://www.facebook.com/pg/wsj/videos/ On Twitter: https://twitter.com/WSJ On Snapchat: https://on.wsj.com/2ratjSM
Views: 505385 Wall Street Journal
Our People: Meet Karmen, Vice President in Investment Banking
Read more from Karmen: See how Karmen applies skills from her STEM background in a career in the Industrials Group within the Investment Banking Division at the Hong Kong office.
Views: 37201 Goldman Sachs
Goldman Sachs: Trends in Investment Banking with David Solomon
David M. Solomon, co-head of the Investment Banking Division at Goldman Sachs, discusses macro trends in the firm's investment banking business and how those trends reflect what is happening in the global economy.
Views: 9823 Fin Executive
Investment Banks and the Financial Crisis: Goldman Sachs' Chair and CEO (2010)
The 2008 financial credit crisis led to the notable collapse of several banks, notably including the bankruptcy of large investment bank Lehman Brothers and the hurried sale of Merrill Lynch and the much smaller Bear Stearns to banks which effectively rescued them from bankruptcy. The entire financial services industry, including numerous investment banks, was rescued by government loans through the Troubled Asset Relief Program (TARP). Surviving U.S. investment banks such as Goldman Sachs and Morgan Stanley converted to traditional bank holding companies to accept TARP relief.[19] Similar situations occurred across the globe with countries rescuing their banking industry. Initially, banks received part of a $700 billion TARP intended to stabilize the economy and thaw the frozen credit markets.[20] Eventually, taxpayer assistance to banks reached nearly $13 trillion, most without much scrutiny,[21] lending did not increase[22] and credit markets remained frozen.[23] The crisis led to questioning of the business model of the investment bank[24] without the regulation imposed on it by Glass-Steagall.[neutrality is disputed] Once Robert Rubin, a former co-chairman of Goldman Sachs, became part of the Clinton administration and deregulated banks, the previous conservatism of underwriting established companies and seeking long-term gains was replaced by lower standards and short-term profit.[25] Formerly, the guidelines said that in order to take a company public, it had to be in business for a minimum of five years and it had to show profitability for three consecutive years. After deregulation, those standards were gone, but small investors did not grasp the full impact of the change.[25] A number of former Goldman-Sachs top executives, such as Henry Paulson and Ed Liddy were in high-level positions in government and oversaw the controversial taxpayer-funded bank bailout.[25] The TARP Oversight Report released by the Congressional Oversight Panel found that the bailout tended to encourage risky behavior and "corrupt[ed] the fundamental tenets of a market economy".[26] Under threat of a subpoena, Goldman Sachs revealed that it received $12.9 billion in taxpayer aid, $4.3 billion of which was then paid out to 32 entities, including many overseas banks, hedge funds and pensions.[27] The same year it received $10 billion in aid from the government, it also paid out multi-million dollar bonuses; the total paid in bonuses was $4.82 billion.[28][29] Similarly, Morgan Stanley received $10 billion in TARP funds and paid out $4.475 billion in bonuses. The investment banking industry, and many individual investment banks, have come under criticism for a variety of reasons, including perceived conflicts of interest, overly large pay packages, cartel-like or oligopolic behavior, taking both sides in transactions, and more. Investment banking has also been criticised for its opacity. Investment banking is often criticized for the enormous pay packages awarded to those who work in the industry. According to Bloomberg Wall Street's five biggest firms paid over $3 billion to their executives from 2003 to 2008, "while they presided over the packaging and sale of loans that helped bring down the investment-banking system." [35] The highly generous pay packages include $172 million for Merrill Lynch & Co. CEO Stanley O'Neal from 2003 to 2007, before it was bought by Bank of America in 2008, and $161 million for Bear Stearns Co.'s James Cayne before the bank collapsed and was sold to JPMorgan Chase & Co. in June 2008.[35] Such pay arrangements have attracted the ire of Democrats and Republicans in the United States Congress, who demanded limits on executive pay in 2008 when the U.S. government was bailing out the industry with a $700 billion financial rescue package.[35] Writing in the Global Association of Risk Professionals, Aaron Brown, a vice president at Morgan Stanley, says "By any standard of human fairness, of course, investment bankers make obscene amounts of money." http://en.wikipedia.org/wiki/Investment_bank
Views: 18252 The Film Archives
Renewable Energy and the Capital Markets: Goldman Sachs' Chuck Park
Chuck Park, managing director in the Equity Capital Markets Group in the Investment Banking Division at Goldman Sachs, discusses the evolution of capital raising for renewable energy businesses and growth opportunities in power generation. For more information visit http://link.gs.com/PwdZ
Views: 9633 Goldman Sachs
Big Data: Goldman Sachs' George Lee
George Lee, chief information officer of the Investment Banking Division at Goldman Sachs, discusses how big data is affecting the way companies do business. Learn more: http://link.gs.com/HOdD
Views: 7231 Goldman Sachs
Careers@Goldman Sachs (James) Quantitative Strategist
James Hansen is a Strat, short for Quantitative Strategist. He joined Goldman Sachs four and half years ago and is working on the interest rate derivatives desk (Fixed Income FICC Dvisiion). In this video, he shares some thoughts about being a Strat at Goldman and why it means to work in a firm that fosters teamwork and intense problem-solving. James Hansen graduated from Caltech and UCLA (PhD in Physics). James Hansen Linkedin Profile : https://www.linkedin.com/pub/james-hansen/19/71b/a12 Goldman Sachs Web Page :http://www.goldmansachs.com/careers/why-goldman-sachs/our-people/james-h-profile.html
Views: 6642 SigmaPhiEpsilon
Goldman Sachs Culture
Goldman Sachs's Culture is the blueprint of the firm's sucess. Being innovative, inspiring, financing growth and progress, making thing happen. That's what we do at Goldman Sachs. Please visit our careers blog : http://www.goldmansachs.com/careers/blog/
Investment Bank Entry Level Salaries Hit £100,000
There may be more than 900,000 young people in the UK who are out of work, but it is not all bad news for youngsters as the entry salaries for investment bankers has now hit a whopping £100,000.
Views: 8357 IBTimes UK
Do You Have What It Takes to Be a Private Banker?
Private wealth management is one of the few areas in which banks are adding staff. Goldman Sachs says it hires half of its "relationship managers" fresh out of college. The Wall Street Journal's Wei Gu talks about the qualities needed for the job. Subscribe to the WSJ channel here: http://bit.ly/14Q81Xy Visit the WSJ channel for more video: https://www.youtube.com/wsjdigitalnetwork More from the Wall Street Journal: Visit WSJ.com: http://online.wsj.com/home-page Follow WSJ on Facebook: http://www.facebook.com/wsjlive Follow WSJ on Google+: https://plus.google.com/+wsj/posts Follow WSJ on Twitter: https://twitter.com/WSJLive Follow WSJ on Instagram: http://instagram.com/wsj Follow WSJ on Pinterest: http://www.pinterest.com/wsj/ Follow WSJ on Tumblr: http://www.tumblr.com/tagged/wall-street-journal Don’t miss a WSJ video, subscribe here: http://bit.ly/14Q81Xy More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Visit the WSJ Video Center: https://wsj.com/video On Facebook: https://www.facebook.com/pg/wsj/videos/ On Twitter: https://twitter.com/WSJ On Snapchat: https://on.wsj.com/2ratjSM
Views: 25107 Wall Street Journal
The big fight: Goldman Sachs vs Morgan Stanley
We're looking at a battle between two investment banks and two business models, so who will win the fight between Goldman Sachs and Morgan Stanley? Saxo's Head of Equity Strategy, Peter Garnry has been investigating these titans of Wall Street. Goldman, he says, continues to emphasise the old model of high risk capital markets, fixed income trading and commodities. Morgan Stanley has gone down a "safer" route, focusing on retail brokerage and wealth management. Peter says what sets any industry winner apart from its competitors is its relentless ability to produce a higher return on the capital invested. In almost every fiscal quarter since 2003, Goldman Sachs has had a higher twelve month rolling return on equity than Morgan Stanley. It's a testament, he says to Goldman's business model and its staff. Morgan Stanley would likely have failed if the Fed and the US government hadn't intervened in the economy in the wake of the global financial crisis. It led to the bank making an imoprtant strategic decision and scale down high risk and capital intensive businesses such as fixed income trading. It's new business model is beginning to work, says Peter.However, Goldman Sachs is likely to be the big winner, according to Garnry. It has a higher growth potential. As competitors leave the riskier ground, it's likely to have a far easier time in the years ahead. Read more about Peter's analysis into Goldman and Morgan Stanley here:http://www.tradingfloor.com/posts/goldman-sachs-morgan-stanley-win-future-1911505755 (http://www.tradingfloor.com/posts/goldman-sachs-morgan-stanley-win-future-1911505755)
Views: 23296 TradingFloor.com
Goldman Sachs How Does it Make Money? Documentary on Its Methods
http://www.learncurrencytradingonline.com In his March 2012 resignation letter, printed in The New York Times, the former head of Goldman Sachs US equity derivatives business in Europe, the Middle East and Africa (EMEA) attacked the company's CEO and president for losing the company's culture, which he described as "the secret sauce that made this place great and allowed us to earn our clients' trust for 143 years". Smith said that advising clients "to do what I believe is right for them" was becoming increasingly unpopular. Instead there was a "toxic and destructive" environment in which "the interests of the client continue to be sidelined", senior management described clients as "muppets" and colleagues callously talked about "ripping their clients off". In reply, Goldman Sachs said that "we will only be successful if our clients are successful", claiming "this fundamental truth lies at the heart of how we conduct ourselves" and that "we don't think [Smith's comments] reflect the way we run our business." Later that year, Smith published a book titled Why I left Goldman Sachs. This documentary goes into why he left and the techniques and the strategies the bank uses to make money for itself and not the clients. If you want know the real secrets of investment banks and the way they make money, this video documentary on Goldman Sachs will show you the culture of greed which exists in probably most investment banks. The frightening part is they have become untouchable and the famous quote " Goldman Sachs Rules the World" is pretty apt
Views: 81289 Kellymichellefx
Investment Bank (Basics) | Investment Knowledge
I created this video with the YouTube Video Editor (http://www.youtube.com/editor)
Views: 3827 MoneySense Mike
Wall Street Personalities
It's all about money. Stereotype but not all of us. Money doesn't change you, but you find out who you are when you have money.
Views: 14287 scottab140
How to get hired by Goldman Sachs (CNN Money)
Interview with Edith Cooper, executive vice president and global head of Human Capital Management at Goldman Sachs. Please visit our Careers Blog : http://www.goldmansachs.com/careers/blog/posts/edith-cooper-cnn-leading-women.html
What Caused the 2008 Financial Collapse? Finance Industry: Goldman Sachs, JP Morgan (2010)
The term financial innovation refers to the ongoing development of financial products designed to achieve particular client objectives, such as offsetting a particular risk exposure (such as the default of a borrower) or to assist with obtaining financing. Examples pertinent to this crisis included: the adjustable-rate mortgage; the bundling of subprime mortgages into mortgage-backed securities (MBS) or collateralized debt obligations (CDO) for sale to investors, a type of securitization; and a form of credit insurance called credit default swaps (CDS). The usage of these products expanded dramatically in the years leading up to the crisis. These products vary in complexity and the ease with which they can be valued on the books of financial institutions. CDO issuance grew from an estimated $20 billion in Q1 2004 to its peak of over $180 billion by Q1 2007, then declined back under $20 billion by Q1 2008. Further, the credit quality of CDO's declined from 2000 to 2007, as the level of subprime and other non-prime mortgage debt increased from 5% to 36% of CDO assets.[118] As described in the section on subprime lending, the CDS and portfolio of CDS called synthetic CDO enabled a theoretically infinite amount to be wagered on the finite value of housing loans outstanding, provided that buyers and sellers of the derivatives could be found. For example, buying a CDS to insure a CDO ended up giving the seller the same risk as if they owned the CDO, when those CDO's became worthless. This boom in innovative financial products went hand in hand with more complexity. It multiplied the number of actors connected to a single mortgage (including mortgage brokers, specialized originators, the securitizers and their due diligence firms, managing agents and trading desks, and finally investors, insurances and providers of repo funding). With increasing distance from the underlying asset these actors relied more and more on indirect information (including FICO scores on creditworthiness, appraisals and due diligence checks by third party organizations, and most importantly the computer models of rating agencies and risk management desks). Instead of spreading risk this provided the ground for fraudulent acts, misjudgments and finally market collapse.[120] In 2005 a group of computer scientists built a computational model for the mechanism of biased ratings produced by rating agencies,[121] which turned out to be adequate to what actually happened in 2006–2008.[citation needed] Martin Wolf further wrote in June 2009 that certain financial innovations enabled firms to circumvent regulations, such as off-balance sheet financing that affects the leverage or capital cushion reported by major banks, stating: "...an enormous part of what banks did in the early part of this decade – the off-balance-sheet vehicles, the derivatives and the 'shadow banking system' itself – was to find a way round regulation." http://en.wikipedia.org/wiki/Financial_collapse_of_2007%E2%80%932008
Views: 67765 The Film Archives
Former Goldman Trader: $8M Isn't Enough
June 19 (Bloomberg) --- Bloomberg's Michael Moore discusses Deeb Salem, a former Goldman Sachs trader who said his bonus was unfairly docked because of a written warning he received about his 2007 self-evaluation. He speaks on Bloomberg Television's "Market Makers." (Source: Bloomberg)
Views: 152809 Bloomberg
What is Investment Management?
What’s the difference between Asset Management and Investment Banking? This short video will help you learn about Investment Management. http://fidelityrecruitment.com
Views: 44932 Fidelity UK
Escorts In Santa Hats Just The Beginning Of Goldman Sachs 'Boys Club'
"Two women suing investment bank Goldman Sachs (GS) for gender discrimination filed papers on Tuesday in federal court requesting class status. The move, if granted, would allow them to press their case on behalf of all female associates and vice presidents in investment banking and securities divisions who worked at the firm since 2002, potentially opening the case up to thousands of women. In the process, the women are taking aim at the entire culture of Wall Street. Cristina Chen-Oster, a former Goldman vice president, and Shanna Orlich, a former associate, filed suit against the company in 2010, accusing it of discrimination against female employees in areas from compensation to work assignments and advancement. They alleged that the company routinely paid female employees up to 21 percent less than their male counterparts; that women were promoted more slowly and more reluctantly than men; and that the environment was generally hostile to women. Not surprisingly, strip clubs are mentioned multiple times. The women and their attorneys spent four years gathering evidence in a rather devastating dossier if their findings are taken at face value."* The Young Turks host Cenk Uygur breaks it down. *Read more here from Sheelah Kolhatkar / Bloomberg: http://www.businessweek.com/articles/2014-07-02/a-lawsuit-peeks-inside-the-goldman-sachs-boys-club
Views: 72226 The Young Turks
Barclays Spring Week
Want an insight into what Barclays is all about? Find out about our action-packed, week-long Spring programme. Improve your outlook in just one week. Give us a week in spring, and we can show you the ins and outs of a large, successful, multinational business. http://joinus.barclays.com/emea/spring-programmes/
Market Trading Tool of  Jim Rogers & Wall Street Investment Banks
http://cnbc.com-ld.us/tradex Market Trading Tool used by investment legend Jim Rogers and Wall Street Investment Bank Goldman Sachs http://cnbc.com-ld.us/tradex If you are trading markets today you need to treat it like a business and use the right tools. There is competition out there and it is a jungle. Got a bow and arrow or a Bazooka? Like to Discover what is the preferred Market Trading Tool used by investment legend Jim Rogers and Wall Street Investment Bank Goldman Sachs? ... then CLICK the link for more information http://cnbc.com-ld.us/tradex
Views: 183 Tom Jantasan
Merchant Banking vs Investment Banking - Investment Banking by eduCBA
For full text article go to : https://www.educba.com/merchant-banking-vs-investment-banking/ Learn the differences between Merchant Banking vs Investment Banking, its roles and responsibilities and how each one is related to the capital markets in domestic and global arena.
Views: 5553 eduCBA
Rise of the quant running Goldman Sachs investment bank with Technology
Check this fact out. Why be a caveman (or cave person int his PC world) trader? http://quantlabs.net/blog/2014/06/rise-of-the-quant-running-goldman-sachs-investment-bank-with-tecchnology/
Views: 354 Bryan Downing
Goldman Sachs Doku
Views: 2093 Psiram PRISM
How to get into investment banking
http://thegatewayonline.com We spoke to Morgan Stanley bankers to find out how to decide whether the sector is right for you, why an internship is so important, and what investment banks – and Morgan Stanley recruiters in particular – are looking for in graduates.
Views: 215778 The Gateway
How to become an Investment banker
What are the different fields within banking and what is the difference between them? How can one get into investment banking and what are challenges that come with the job. Also on the show, what are the top questions that investment bankers ask you before hiring and what is that they don't want to hear. Watch full video: http://www.ndtv.com/video/player/heads-up/how-to-become-an-investment-banker/322317
Views: 108363 NDTV
The Case Against Goldman Sachs: Mortgage-Backed Collateralized Debt Obligations (2013)
During the boom in housing prices, beginning in 2004, Goldman Sachs developed mortgage-related securities, known as synthetic collateralized debt obligations (CDOs). Through April 2007 Goldman issued over 20 of the CDOs -- which it dubbed "Abacus" -- for a total of $10.9 billion. The securities performed very poorly and by April 2010, Bloomberg reported that at least $5 billion worth of the securities either carried "junk" ratings, or had defaulted. According to an article in the New York Times (Morgenson 2009) while Goldman Sachs sold the Abacus mortgage-backed CDOs to investors, it "shorted" the CDOs, i.e. bet against them, earning large profits while its customers lost billions.(Morgenson 2009) The Times gave as an example of the $800 million Hudson Mezzanine CDO issued in 2006, which Goldman bet against, but also sold to investors. By March 2008, just 18 months after Goldman created the CDO, "so many borrowers had defaulted that holders of the security paid out about $310 million to Goldman and others who had bet against it." The article further claims Goldman tried to pressure the credit rating service Moody's to rate its products higher than they should have been, and that various rules regarding CDO-default pay outs were modified to favor short sellers in 2005. A Goldman worker named Tetsuya Ishikawa was involved in these deals and later wrote a novel called How I Caused the Credit Crunch. While the Times claimed Goldman "used the C.D.O.'s to place unusually large negative bets that were not mainly for hedging purposes," Goldman claimed that it was simply hedging, not expecting the CDOs to fail, and denied that its investors were unaware of Goldman's bets against the products it was selling to them. Goldman and one of its traders, Fabrice Tourre, were later sued by the SEC over circumstances surrounding one of these CDOs, Abacus 2007-AC1. Tourre was found guilty of six of seven charges in August 2013. On 17 January 2006, CDS Indexco and Markit launched ABX.HE, a subprime mortgage backed credit derivative index with home equity loans as assets, with plans to extend the index to other underlying assets, such as Credit Cards (ABX.CC), Student Loans (ABX.SL) and Auto Loans (ABX.AU). In a marketing presentation(2006 Wiley) CDS IndexCo was described as the owner of the DJ CDX family of credit default swap (CDS) indices formed from a merger of the major CDS indices (iBoxx and Trac-X) in April 2004. It introduced a "second generation product such as index tranches and index options."(Wiley 2006) They launched the Home Equity (ABX.HE) ABX on 19 January 2006. Advertised daily prices were availability on the Markit website. The purpose of the indices is to allow investors to trade exposures to the subprime market without holding the actual asset backed securities. The ABX.HE Index was created from "qualifying deals of 20 of the largest sub-prime home equity ABS shelf programs from the six month period preceding the roll."(Wiley & 2006 11) The market makers of ABX.HE were listed as Goldman Sachs, JPMorgan, Deutsche Bank, Barclays Capital, Bank of America, BNP Paribas, Citigroup, Credit Suisse, Lehman Brothers, Merrill Lynch, [RBS Greenwich, UBS and Wachovia.(Wiley & 2006 13) These investment firms had "anticipated the crisis. In 2006, Wall Street had introduced a new index, called the ABX, that became a way to invest in the direction of mortgage securities. The index allowed traders to bet on or against pools of mortgages with different risk characteristics, just as stock indexes enable traders to bet on whether the overall stock market, or technology stocks or bank stocks, will go up or down."(Morgenson 2009) On 14 November 2007, Markit Markit acquired International Index Company and agreed to acquire CDS IndexCo.[166] According to a (Morgenson 2009) New York Times article, Goldman Sachs used an ABX index to bet against (i.e. short) the housing market in 2006. It also "began marketing short bets using the ABX index to hedge funds like Paulson & Company, Magnetar, and Soros Fund Management."(Morgenson 2009) http://en.wikipedia.org/wiki/Goldman_Sachs
Views: 3360 The Film Archives
Our People: Meet Lauren, Vice President in Realty Management
Meet Lauren, a vice president in the Realty Management Division at our Dallas office. When any of the divisions within the firm are investing in real estate, or they have a mandate to invest in real estate, in some way, shape or form, the Realty Management Division is involved in the process.
Views: 5524 Goldman Sachs
Why Anthony Scaramucci Got Fired From Goldman Sachs | Forbes
Anthony Scaramucci, founder and co-managing partner of SkyBridge Capital, talks to Steve Forbes about his vision for hedge funds, the increasing power of activist investors, and why he got fired from Goldman Sachs. Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1 Stay Connected Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbesvideo Forbes Video on Instagram: http://instagram.com/forbesvideo More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
Views: 38663 Forbes
Walk Me Through Your Resume: Quick Tip for Investment Banking Interviews
In this lesson, you'll get a quick and easy-to-implement, but still very effective. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" You'll also get tips on how to improve your resume / CV walk-through in investment banking, private equity, and other finance interviews. Your resume walk-through is how you answer the "Tell me about yourself" or "Walk me through your resume" or "Why are you here today?" question when you walk into an interview and first introduce yourself. This is IMPORTANT because it's y our first impression, and interviewers often decide your status within the first 5 minutes of the interview. Come across well, and you can answer other questions poorly but still receive a job offer or move onto the next round; come across poorly, and you won't move to the next round no matter how great your Excel skills are. We recommend this outline for your resume walk-through: 1. The Beginning - Where you went to school, where you started out working, your family background, etc. 2. The Spark - What, specifically, made you interested in finance initially? A person? An event? Your parents day trading or running a business? A professor? An internship? 3. Growing Interest - How did you develop this interest via classes, activities, further internships or jobs, and your networking and self-study efforts? 4. The Future / Why You're Here Today - What's your future goal (advising / investing in companies?) and how will working at this firm allow you to contribute TO that firm while also achieving your long-term goals? THE PROBLEM: Often, the last part - the "Future" / "Why You're Here Today" segment is BORING and what you say sounds identical to everyone else's statement. "I want to become a trusted adviser to companies." "I want to invest in companies in XX sector." THE SOLUTION: Link it back to the FIRST PART of your story - either your Beginning or Spark - to make it more memorable and attention-grabbing. It works in movies (see: Inception and The Usual Suspects), and it works in interviews, too! Example 1: You're in a private equity interview, and your Spark is how you helped a private tech company raise funds; you saw additional expansion opportunities via partnerships and other deals, but in investment banking you just advise on one deal and that's it... so you started looking into PE in more detail. Instead of just saying, "I want to combine my interest in tech with my background in finance and invest in tech companies in the future," say: "So I'm here today because of that original situation with the private company that sparked my interest in the industry - I want to get more opportunities like that, where I can help improve businesses over the long-term via partnerships, acquisitions, and operational changes that you only get to implement in private equity. And in the future, I want to be an investor in the tech sector, and your firm is the best place for that because... [Insert the rest of your reasons here]" Example 2: You're in an investment banking interview, and your Spark was working at a non-profit that merged with another non-profit one summer, after which you started taking more finance classes and learning more about the industry. You have a background in public policy, and your long-term plan is to advise in the Project Finance / Public Finance sectors. Instead of just saying that for the last part of your story, you could say: "I want to advise organizations that may not be as ‘savvy’ about finance, like the merged non-profit I was at a few years ago – and become a trusted adviser to those types of public/private organizations. Your firm is the ideal place to do that because of [And insert references to other deals or clients they've advised here]."
From Goldman Sachs to the department of the Treasury, by Henry Paulson, former CEO of Goldman Sachs
http://www.sardertv.com http://www.netcomlearning.com http://www.russellsarder.com Henry M. Paulson, Jr. is the Chairman of The Paulson Institute, a non-partisan "think and do" institution working to advance global environmental protection and sustainable economic growth in the United States and China, while promoting broader understanding between the two countries. Previously, Paulson served as the 74th Secretary of the Treasury under President George W. Bush, from July 2006 to January 2009. Prior to that, he had a thirty-two year career at Goldman Sachs, serving as Chairman and Chief Executive Officer since 1999. Earlier in his career, Paulson was a member of the White House Domestic Council as well as a Staff Assistant at the Pentagon. A lifelong conservationist, Paulson was Chairman of The Nature Conservancy Board of Directors and, prior to that, founded and co-chaired the organization's Asia-Pacific Council. In 2011, he also founded and continues to co-chair the Latin American Conservation Council, comprised of global business and political leaders. Additionally, Paulson co-chairs a major initiative exploring the economic risks of climate change in the United States. Paulson graduated from Dartmouth College in 1968 and received an M.B.A. from Harvard University in 1970. He and his wife, Wendy, have two children and four grandchildren. In this video, Henry Paulson talks about the decision to take Goldman Sachs public and how he initially voted against it. He discusses how the investment bank protected its shareholders from the some of the excesses of the times. He also provides insight on his first meeting with President Bush as the new Secretary of the Treasury.
Views: 114 Russell Sarder
The Battle Between Investment Banks, Hedge Funds, and Private Equity on Wall Street (2009)
The investment banking industry has come under criticism for a variety of reasons, including perceived conflicts of interest, overly large pay packages, cartel-like or oligopolic behavior, taking both sides in transactions, and more. About the book: https://www.amazon.com/gp/product/0470222794/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0470222794&linkCode=as2&tag=tra0c7-20&linkId=122da9b4ed66d7e4eb80287e1bee5b2a Investment banking has also been criticized for its opacity. Conflicts of interest may arise between different parts of a bank, creating the potential for market manipulation, according to critics. Authorities that regulate investment banking (the FSA in the United Kingdom and the SEC in the United States) require that banks impose a "Chinese wall" to prevent communication between investment banking on one side and equity research and trading on the other. Critics say such a barrier does not always exist in practice, however. Conflicts of interest often arise in relation to investment banks' equity research units, which have long been part of the industry. A common practice is for equity analysts to initiate coverage of a company in order to develop relationships that lead to highly profitable investment banking business. In the 1990s, many equity researchers allegedly traded positive stock ratings for investment banking business. Alternatively, companies may threaten to divert investment banking business to competitors unless their stock was rated favorably. Laws were passed to criminalize such acts, and increased pressure from regulators and a series of lawsuits, settlements, and prosecutions curbed this business to a large extent following the 2001 stock market tumble after the dot-com bubble. Philip Augar, author of The Greed Merchants, said in an interview that, "You cannot simultaneously serve the interest of issuer clients and investing clients. And it's not just underwriting and sales; investment banks run proprietary trading operations that are also making a profit out of these securities."[30] Many investment banks also own retail brokerages. During the 1990s, some retail brokerages sold consumers securities which did not meet their stated risk profile. This behavior may have led to investment banking business or even sales of surplus shares during a public offering to keep public perception of the stock favorable. Since investment banks engage heavily in trading for their own account, there is always the temptation for them to engage in some form of front running -- the illegal practice whereby a broker executes orders for their own account before filling orders previously submitted by their customers, there benefiting from any changes in prices induced by those orders. Documents under seal in a decade-long lawsuit concerning eToys.com's IPO but obtained by New York Times' Wall Street Business columnist Joe Nocera alleged that IPOs managed by Goldman Sachs and other investment bankers involved asking for kickbacks from their institutional clients who made large profits flipping IPOs which Goldman had intentionally undervalued. Depositions in the lawsuit alleged that clients willingly complied with these demands because they understood it was necessary in order to participate in future hot issues.[32] Reuters Wall Street correspondent Felix Salmon retracted his earlier, more conciliatory, statements on the subject and said he believed that the depositions show that companies going public and their initial consumer stockholders are both defrauded by this practice, which may be widespread throughout the IPO finance industry.[33] The case is ongoing, and the allegations remain unproven. Investment banking is often criticized for the enormous pay packages awarded to those who work in the industry. According to Bloomberg Wall Street's five biggest firms paid over $3 billion to their executives from 2003 to 2008, "while they presided over the packaging and sale of loans that helped bring down the investment-banking system." [34] The highly generous pay packages include $172 million for Merrill Lynch & Co. CEO Stanley O'Neal from 2003 to 2007, before it was bought by Bank of America in 2008, and $161 million for Bear Stearns Co.'s James Cayne before the bank collapsed and was sold to JPMorgan Chase & Co. in June 2008.[34] Such pay arrangements have attracted the ire of Democrats and Republicans in Congress, who demanded limits on executive pay in 2008 when the U.S. government was bailing out the industry with a $700 billion financial rescue package.[34] Writing in the Global Association of Risk Professionals, Aaron Brown, a vice president at Morgan Stanley, says "By any standard of human fairness, of course, investment bankers make obscene amounts of money." http://en.wikipedia.org/wiki/Investment_bank
Views: 36784 The Film Archives
For Goldman Sachs And Morgan Stanley, Boring Is Beautiful
Investment banks Morgan Stanley and Goldman Sachs Group Incorporated posted better-than-expected quarterly earnings on Thursday, helped by gains in merger advisory and stock underwriting. The results underscored how businesses viewed as stodgy before the financial crisis are becoming critical drivers of earnings growth for investment banks now. Goldman's fixed-income trading revenue plunged during the first quarter, both for trades it did for customers and investments on its own account. But the bank's investment management and its stock underwriting and merger advisory businesses logged big gains. Morgan Stanley managed to boost revenue in its bond trading business, after posting a particularly weak first quarter in 2013. But excluding gains or losses from changes in the value of the bank's debt, the company's trading revenue fell during the quarter, while revenue from wealth management, investment management, stock and bond underwriting, and merger advisory all rose. http://feeds.reuters.com/~r/reuters/businessNews/~3/vMg2JhyGRbw/story01.htm http://www.wochit.com
Views: 37 Wochit Business
Renewable Energy Gets $40 Billion Investment from Goldman Sachs
Renewable energy has been certified as a compelling market by Goldman Sachs. The bank is investing $40 billion in the renewable energy sector, in several large equity investments. Among them is $1.5 billion in Dong Energy, a Danish offshore wind energy developer, and $500 million in SolarCity, the biggest U.S. installer. It has also invested in BrightSource Energy, which is about to bring its Ivanpah project, the largest solar power project in the world, into full production. Other investments include First Solar, the largest solar PV manufacturer, and SunEdison, which owns and operates power plants in North America. In Japan, Goldman is backing Japan Renewable Energy with a $3 billion fund and in India, it paid $340 million for a stake in Renew Wind Power, a wind energy business. Goldman projects that the costs of solar will continue to drop as efficiency improves, that renewable energy storage problems will be solved, and that solar power pricing will be competitive with conventional sources without subsidies. You can also bet that Goldman is projecting major profits from its renewable energy investments. I'm John Howell for 3BL Media.
Views: 111 3BL Media
Goldman Sachs Inducts 78 Bankers Into Elite Partnership
According to an internal memo viewed by Reuters, Goldman Sachs elevated 78 employees on Wednesday by making them partners, capping an anxious few weeks for employees hoping to enter the elite group of Wall Street bankers. The partnership is a lingering vestige of Goldman's time as a private firm, when partners pooled their own money to support trading and investment banking, and split resulting profits or losses. Goldman's partnership, which inducts new members every two years, has been evolving since the financial crisis as long-tenured partners left to make way for more junior employees. http://us.rd.yahoo.com/finance/news/rss/story/SIG=14j0ek84m/*http%3A//us.rd.yahoo.com/finance/news/topfinstories/SIG=12gj26abi/*http%3A//finance.yahoo.com/news/goldman-sachs-names-78-partners-173353234.html?l=1 http://www.wochit.com
Views: 157 Wochit Business
What is a career in compliance like?
Lana Sinelnikova, Compliance & AML Manager, talks about working in compliance. The International Compliance Association (ICA) is a professional membership and awarding body. We are the leading global provider of professional, certificated qualifications in anti-money laundering; governance, risk and compliance and financial crime prevention. Being a member of ICA, a global community, demonstrates a commitment to the highest standards of practice and conduct, enhances your professional reputation and employability and significantly protects and improves the performance of your organisation. Find out more here - https://www.int-comp.org/ Follow us on Twitter and Facebook to keep updated @intcompassoc
Paradigm Shifts in Software: Goldman Sachs' Martin Chavez
"Every 20 years in the software business, we get a paradigm shift... (Cloud) is the dominant paradigm of our time." Martin Chavez, Chief Information Officer of Goldman Sachs, discusses major developments in technology and how they are transforming the way companies do business.
Views: 9528 Goldman Sachs
Bridging the Diaspora Divide - Teresa H. Clarke at TEDxEuston
http://www.tedxeuston.com Teresa H. Clarke is the CEO of Africa.com, a company she founded in 2010 after resigning from her position as a managing director in the investment banking division of Goldman Sachs & Co. Africa.com is the fastest growing Africa related website, with over five million page views per month from visitors throughout the world. Africa.com showcases carefully selected news, travel and lifestyle information and is playing a key role in shaping how the world sees Africa. In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized.* (*Subject to certain rules and regulations)
Views: 38688 TEDx Talks
Speaker Series for Interns: Senior Economists from Global Investment Research
Chief economist Jan Hatzius and chief markets economist Dominic Wilson of Global Investment Research (GIR) discuss their global economic and asset market forecasts with GIR senior strategist Allison Nathan. The session, recorded June 20, 2014, was part of the "Explore GS" summer speaker series, where interns meet senior leaders of the firm to learn about their areas of expertise and career experiences. Jan and Dominic discussed their expectations for Fed and ECB policy changes, the pace of economic growth in the U.S. and euro area, and what they're seeing in the emerging markets. For more information visit: http://link.gs.com/a0Xc
Views: 4094 Goldman Sachs
Goldman Sachs CEO on economy, energy and politics
Lloyd Blankfein, the chairman and CEO of Goldman Sachs, is one of the world's most influential corporate leaders. Blankfein talks to the "CBS This Morning" co-hosts about the economy and the energy revolution changing America's place in the world.
Views: 22676 CBS This Morning
Why Investors Were Disappointed with Goldman Sachs | Where the Money Is - 1/16/14 | The Motley Fool
Investing made simple: The Motley Fool's essential guide to investing is now available to the public, free of cost, at http://bit.ly/1atRpHZ. This resource was designed to cover everything that new investors need to know to get started today. For your free copy, just click the link above. ------------------------------------------------------------------------ An in-depth look at Bank of America's 4th quarter. Join Motley Fool analysts Matt Koppenheffer and David Hanson as they look at earnings from Goldman Sachs and Citigroup, play a round of "Fool in the Blank," and dip into their mailbag. Visit us on the web at http://www.fool.com, home to the world's greatest investing community! ------------------------------------------------------------------------ Subscribe to The Motley Fool's YouTube Channel: http://www.youtube.com/TheMotleyFool Or, follow our Google+ page: https://plus.google.com/+MotleyFool/posts Inside The Motley Fool: Check out our Culture Blog! http://culture.fool.com Join our Facebook community: https://www.facebook.com/themotleyfool Follow The Motley Fool on Twitter: https://twitter.com/themotleyfool
Views: 3879 The Motley Fool
Goldman Sachs Misses Out On WhatsApp, 2014's Top Deals So Far
WhatsApp? Not Goldman Sachs. The world's top deal adviser for nine of the past 10 years, Goldman Sachs, has been notably absent from 2014's largest mergers and acquisitions, including Facebook's $19 billion deal to purchase mobile messaging service WhatsApp. Normally the go-to-banker for big deals, Goldman has missed out on the top five transactions in the young year, according to Thomson Reuters data. Facebook relied on boutique investment firm Allen & Co to help with its offer to buy startup WhatsApp, which in turn chose Morgan Stanley. http://feeds.reuters.com/~r/reuters/businessNews/~3/v6bidmC4e5c/story01.htm http://www.wochit.com
Views: 73 Wochit Business
EU Regulators Fine Goldman Sachs, Prysmian for Cable Cartel
EU antitrust regulators fine investment bank Goldman Sachs, the world's top cable-maker Prysmian, Nexans and eight cable firms a total of €302 million for running a cartel.
Views: 86 IBTimes UK
Our People: Meet Rishma, an Operations Vice President
Rishma, a vice president in our Operations Division who works in Bangalore, talks about her role on the client onboarding team.
Views: 27722 Goldman Sachs
Socialists quit coalition government over Goldman Sachs deal
In Denmark, the socialist party has quit the government in anger over a deal with investment bank... euronews, the most watched news channel in Europe Subscribe for your daily dose of international news, curated and explained:http://eurone.ws/10ZCK4a Euronews is available in 13 other languages: http://eurone.ws/17moBCU http://www.euronews.com/2014/01/30/socialists-quit-coalition-government-over-goldman-sachs-deal In Denmark, the socialist party has quit the government in anger over a deal with investment bank Goldman Sachs. Socialist leader Annette Vilhelmsen pulled her party's support on Thursday after a 19 percent stake in the country's state owned Energy firm Dong was sold to the US lender. Danish prime minister Helle Thorning-Schmidt insisted the government would go on. "The government will continue its work. Our primary target is still to steer Denmark through the crisis with our dignity intact and a strong welfare state. The policy of the government works and therefore it will not change," Thorning-Schmidt announced. Find us on: Youtube http://bit.ly/zr3upY Facebook http://www.facebook.com/euronews.fans Twitter http://twitter.com/euronews
Goldman Tops UK Banker Pay With $4.7 Million Awarded for 2013
Data released on Tuesday showed, Goldman Sachs paid its top 121 London bankers about 3 million pounds ($4.7 million) on average last year, far exceeding payouts at other leading banks. The U.S. investment bank's data showed that it paid staff in senior or risk-taking positions $193.6 million in 2013 and gave them 2.1 million restricted stock units (RSUs), worth $377 million based on the bank's share price at the end of that year. The RSUs are due to be paid out over three years, but they may not be paid in full and can be clawed back at a later date. http://news.yahoo.com/goldman-tops-uk-banker-pay-4-7-million-174506261--sector.html http://www.wochit.com
Views: 48 Wochit Business
Twitter Replaces CFO Mike Gupta With Former Goldman Executive
Twitter Inc said Chief Financial Officer Mike Gupta will become senior vice president of strategic investments and named Anthony Noto as his replacement. 46 Years old Noto, was a managing director in Goldman Sachs' technology, media and telecom investment banking group, Twitter said in a regulatory statement. Gupta and Noto will take up their new roles within the next 30 days, the company said. http://news.yahoo.com/twitter-replaces-cfo-mike-gupta-former-goldman-executive-134238055--sector.html http://www.wochit.com
Views: 60 Wochit Business
Goldman Sachs Global Headquarter in New York city
200 West Street, also known as the Goldman Sachs Tower, is the global headquarters of the Goldman Sachs investment banking firm. The building is a 749-foot-tall (228 m), 44-story building located on West Street, between Vesey and Murray Streets in Lower Manhattan. It is adjacent to the World Financial Center and the Conrad Hotels, across the street from the Verizon Building, and diagonally opposite the World Trade Center site and One World Trade Center. It is the only office building in Battery Park City north of the World Financial Center.
Views: 8404 Bindu Pan

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