to the Oracle: Goldman Sachs‚ September 2008 1. Description of the situation Goldman Sachs‚ one of the most important financial institutions in the US suffered from the historic financial crisis in 2008‚ particularly because of the demise of insurer AIG given the systemic disruption in the markets and the collateral damage provoked by trading operations with AIG. Even if the company had a strong record in risk management avoiding market downturns‚ this situation caused Goldman Sachs stock price to
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Business Economics: Investment Banking – Credit Default Swaps – Mortgage Backed Securities – Keller Graduate School of Management GM545 – Business Economics The world of investment banking has changed since the recession of 2007-2008. The global impact of unregulated credit lending procedures‚ the Credit Default Swaps market‚ and mortgage-backed securities have crippled the economy and have called for regulations to bring economic stability back to the markets. Prior to the recession
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related learning experience for individuals who wish to develop hands on work experience in a certain occupational field. Most internship is temporary assignments. As such my intern too was temporary for a period of one month. My association with Goldman Sachs was during my semester vacation. To me internship is to combine theory with practical work experience. As such my intern period was of great help in that sense. Generally the objectives of internships are: * Develop skills in the
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insight view of the company such as PESTLE/STEP analysis‚ SWOT‚ resourced based view and value chain‚ which helps in giving the information that reveals the current position of the firm in the market. Further‚ these tools have been used to analyse Goldman Sachs. “A company which is a leading global financial services firm providing investment banking‚ securities and investment management services to a substantial and diversified client base that includes corporations‚ financial institutions‚ governments
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The International Business Environment PEST Analysis: Goldman Sachs Meghana Jayaprakash 130578059 Word Count: 2990 NBS 8045 Date: 08/09/2014 Globalisation: the great unbundling(s) by Baldwin‚ R. (2006) would be a great starting point to discuss the evolution and importance of globalisation in the current international business scenario. Baldwin‚ R. (2006) talks about the evolution of globalisation and how it initially began with the separation of production and consumption. This was driven
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| | | Group Members:Yimeng (Emon) CHEN-A1169382Wenjing (Nancy) LAI – A1169890Yeqing LIN (Lyn) – A1169406Xutianli LIU(Cherry) – A1169401Xinxin NI (Cecilia) – A1169836 | | | May 2009 | | Financial Institutions Management II Group Assignment Project I: Performance Analysis Project II: Risk Analysis The year 2008 has seen extraordinary influences on the financial institutions. The original melt-down in the sub-prime market affect the credit market globally and severely‚ which
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emerged from areas outside the developed world. These new markets such as the BRICs and the MISTs have large populations‚ high economic growth and increasing demands for goods. Also‚ they are expected to surpass the developed economies by 2050 (Goldman Sachs‚ 2003). According to Jagdish N. Sheth‚ the emerging markets have impacted both the theory and the practice of marketing. The reason is very simple; marketing is a discipline that was developed in the concept of industrialized (developed) markets
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the Vodafone Case We start of with making the calculations for the premium that Vodafone is going to pay for Mannesmann. We know that Mannesmann will own 47.2% of the equity of the newly combined company. This is 47.2% from € 275 375 million‚ which is €129 997 million. Vodafone is offering 53.7 shares of the value of December 17‚ so € 4‚957‚ for every share of Mannesmann. Mannesmann has 517‚9 million shares‚ so Vodafone would pay 517‚9 million * 53‚7 * € 4‚957 = € 137 860.3 million. This would
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predicament is the result of the combined effect of the subprime crisis and the credit crunch. The main focus of this paper is an analysis of the effect of leverage and liquidity factors on the balance sheet during the crisis‚ using data from Goldman Sachs and‚ more importantly‚ Lehman Brothers from 1999 to the second quarter of 2008. The two investment banks are compared and analyzed to assess whether the balance sheet argument is holding as the crisis deepens. 1 INTRODUCTION The 2007–8 predicament
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david.kostin@gs.com Goldman‚ Sachs & Co. Stuart Kaiser‚ CFA Corporate fundamentals support continued profit cycle expansion We forecast S&P 500 revenues rise by more than 4% in 2013 and 2014‚ margins hover at current levels (8.8%-9.0%)‚ earnings climb by more than 6% and the P/E multiple expands modestly from 13.2x to 13.8x at end 2013. (212) 357-6308 stuart.kaiser@gs.com Goldman‚ Sachs & Co. Amanda Sneider‚ CFA (212) 357-9860 amanda.sneider@gs.com Goldman‚ Sachs & Co. Valuation:
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