Lloyd Blankfein

Jamie Dimon: "The Euro Zone May Not Survive"

Speaking to Bloomberg TV in Davos, JPM CEO Jamie Dimon said “the euro zone may not survive,” and added that "what went wrong is going wrong for everybody, not just going wrong for Britain, but in some ways it looks like they’re kind of doubling down."

Goldman Beats, Profits Surge As Trading Revenues Jump; Average Banker Comp Hits $338,600

Goldman once again surprised to the upside, reporting Q4 Revenues of $8.17BN, higher than the $7.76BN estimated, translating to EPS of $5.08, also above the $4.73 estimate, and nearly 4 times the $1.27 reported a year ago. Net revenues from the institutional client services division were up 25% from a year earlier to $3.6bn, led by a 78% jump in revenues from the fixed-income, currencies and commodities unit.

Hungary To Launch Crackdown On All George Soros-Funded Organizations

Hungary will use "all the tools at its disposal" to “sweep out” NGOs funded by George Soros, which “serve global capitalists and back political correctness over national governments,” Szilard Nemeth, a vice president of the ruling Fidesz party, told reporters on Tuesday.

Goldman Appoints Harvey Schwartz, David Solomon As Co-COO Replacements For Gary Cohn

As the WSJ reported last night, this morning Goldman Sachs confirmed it has promoted Chief Financial Officer Harvey Schwartz and investment-bank co-head David Solomon to the role of co-COOs and co-presidents to replace Gary Cohn, who’s leaving to take a job in the Trump administration, and said Martin Chavez will succeed Schwartz as CFO.

Frontrunning: December 14

  • Countdown to first Fed hike in a year under way, but focus shifting to 2017 (Reuters)
  • What to Expect From the Fed: Decision-Day Guide (BBG)
  • Investors Expect Fed Rate Rise, Seek Clues on Next Step (WSJ)
  • What ceasefire? Aleppo evacuation delayed (Reuters); Aleppo Fighting Resumes Hours After Cease-Fire Deal (WSJ)
  • Too big to fail: China maps out its Trump strategy (Reuters)

Why Are Goldman Insiders Dumping Stock At The Fastest Rate In 5 Years?

While the 'deplorable' half of America was greatly relieved when Donald Trump pulled off his establishment-upsetting victory, there is another group of Americans that may be even more pleased. Goldman Sachs' top executives had over 1 million stock option grants due to expire worthless next week, but thanks to an unprecedented spike in the stock since the election, Bloomberg reports Lloyd Blankfein and friends have cashed out, selling hundreds of millions in stock in the last week.

The Clintons And Soros Launch America's Purple Revolution

Not only must Trump have to deal with Republican neocons trying to worm their way into his administration, but he must deal with the attempt by Soros to disrupt his presidency and the United States with a Purple Revolution

Beware The "Disconnects" In The Trump Rally

When the U.S. decided to put America first this week, who could have thought it would play out in the financial markets quite so quickly and starkly? Domestic equities are flying. Contrasted by the ones in global emerging markets that are taking it in the neck. Several countries had to intervene in their currencies to stem the sell-off. The storyline is based on the presumption that America can thrive no matter how the rest of the world gets on.

Waking Up In Hillary Clinton's America

With less than two weeks to go before E-day -- despite the Trumptilian upheaval of the last year -- the high probability of a Clinton win means the establishment remains intact. When we awaken on November 9th, it will undoubtedly be dawn in Hillary Clinton’s America and that potentially means four years of an economic dystopia that will (as would Donald Trump’s version of the same) leave many Americans rightfully anxious about their economic futures.