Gary Cohn News
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Goldman Sachs Group Inc. and JPMorgan Chase & Co. are among the only top banks in the world that aren’t reducing capacity, Goldman Sachs President Gary Cohn said.
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Wall Street professionals (and others) still don’t grasp that e-mails and text messages are no place for laying out schemes of wrongdoing, for sharing one’s doubts about the wisdom of selling a flawed product or for freaking out when a large bet on an obscure derivative goes awry.
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Michael Ovitz, the former Hollywood agent whose company was said to have created enemies “the way a hurricane produces raindrops,” first met Gary Cohn over lunch at Goldman Sachs Group Inc.’s headquarters in June 2009.
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Wall Street junk-bond underwriters, selling debt at a record pace after the securities returned 19 percent last year, say it’s obvious that prices will drop when interest rates rise. So don’t blame the banks.
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Goldman Sachs Group Inc. President Gary Cohn said he’s “fairly bullish” on global stock markets as investors will shift money from bonds to equities as interest rates rise.
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Goldman Sachs Group Inc. President Gary Cohn said he’s “bullish” on China even after his firm last week sold a $1 billion stake in Industrial & Commercial Bank of China Ltd., the nation’s largest bank.
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Debt markets that have seen junk- bond yields drop to record lows may face a ‘‘substantial repricing’’ if interest rates spike or investors begin pulling money out of fixed-income, Goldman Sachs Group Inc. President Gary Cohn said.
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Poland won’t set a deadline to join the euro because the European Union’s biggest eastern economy first needs revamping to avoid “unpleasant consequences” from adopting the currency, Finance Minister Jacek Rostowski said.
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Goldman Sachs Group Inc. President Gary Cohn warned of a potential drop in fixed-income prices as bankers and policy makers in Davos celebrated surging demand for financial assets.
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Dr. Doom got it wrong.
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