Topic: Goldman Sachs Group Inc.

Taking The Credit Crunch Private

One look at the Goldman Sachs' numbers Wednesday should tell you the credit crunch is far from over. At Goldman alone, these so-called Level 3 assets rose 39% in the first quarter, to $96 billion, according to the firm's quarterly regulatory filing. ...

Feds Investigate Mortgage Mess

Goldman Sachs and Morgan Stanley are fielding questions from several regulators about subprime mortgages, mortgage securities and derivatives as Washington scrambles to make sense of the credit crunch.. Several home lenders have gone bankrupt in the last year. Foreclosures rose 75% last ...

Why Goldman Sachs Was Short CDOs

Michael Lewis has a very peculiar column up at Bloomberg today, tied to Kate Kelly's December 14 WSJ story about the subprime traders at Goldman Sachs. Lewis says that Goldman's executives essentially overruled their own traders, thereby saving themselves from subprime losses:. ...
HSBC fell sharply, to 26-month low, on Tuesday in Hong Kong after a research report estimated the banking giant would have to write off an additional $13 billion for subprime losses.. In a report released Tuesday, Goldman Sachs added HSBC to its ...

Lessons From Merrill

THE MERRILL LYNCH (MER) board deserves credit for its swift ouster of Chief Executive Stanley O'Neal. But as CEO, he's responsible for Merrill's stunning $8.4 billion write-down of assets last week and, even more, for the collapse of investor confidence and resulting ...

Goldman Shines

Investors worried about the damage from the summer of subprime breathed a sigh of relief after Goldman Sachs announced better-than-expected results. However, after a strong opening, shares of Goldman Sachs (nyse: GS - news - people ) drifted lower Thursday to close ...

MatlinPatterson invests $290m in XLHealth Corporation

XLHealth, a Baltimore-based company focused on improving the healthcare of chronically ill seniors, has completed a private placement worth approximately $290m. The transaction closed with funding provided by MatlinPatterson Global Opportunities Partners III and MatlinPatterson Global Opportunities Partners (Cayman) III, investment partnerships ...