Goldman Sachs: then and now - FT.com: "Spookily, it is as if nothing has changed for six long years. But a financial crisis has come and gone since then and regulators are now throwing everything at banks. Of course, there is one huge difference between the two periods, but it is not to be found in the profit and loss account. Flip to the balance sheet and be astounded to remember that in 2006 Goldman was running on just $27bn of common shareholders’ equity. With exactly the same earnings today, that number is now two and a half times higher."
Wednesday, April 18, 2012
Investment Bank Leverage
The FT reports on the rise in capital at investment bank Goldman.