Timothy O'Neill

Timothy O'Neill News

  • Banks Discover Money Management Again as Trading Declines

    Global banks, forced by regulators to reduce their dependence on profits from high-risk trading, have rediscovered the appeal of the mundane business of managing money for clients.

  • Blankfein Flunks Asset Management as Clark Vows No More Goldman

    On Jan. 2, Jim Clark , a founder of such technology icons as Netscape Communications Corp. and Silicon Graphics Inc. , was at home in Palm Beach, Florida, when he got an e-mail from an executive at Goldman Sachs Group Inc. ’s private wealth management division. Goldman was offering Clark a chance to invest in the closely held social-networking company Facebook Inc. The deal -- through a fund overseen by Goldman Sachs Asset Management -- was being offered to other Goldman investors at the same time, Bloomberg Markets magazine reports in its March issue.

  • Goldman’s Forst Resigns; Eric Lane Promoted to Run Fund Unit With O’Neill

    Edward C. Forst, co-head of the investment management division at Goldman Sachs Group Inc., will leave at the end of the year and cede his role to Eric S. Lane, according to internal memos obtained by Bloomberg News.

  • Goldman Sachs Net Falls as Debt Trading Lags Behind JPMorgan

    Goldman Sachs Group Inc., the fifth-biggest U.S. bank by assets, said profit fell 23 percent as revenue from trading bonds, currencies and commodities lagged behind Citigroup Inc. and JPMorgan Chase & Co.

  • Goldman Shares Rise as Net Tops Estimates

    Goldman Sachs Group Inc. climbed 6.8 percent in New York trading after the bank reported profit that exceeded analysts’ estimates, helped by a reduction in compensation costs.

  • Goldman Sachs Trading Co-Heads Eisler, Heller to Leave Firm

    Goldman Sachs Group Inc. said two leaders of its biggest division are leaving the company a week before it reports what some analysts predict will be the lowest annual profit since the firm went public.

  • Goldman Sachs Profit Misses Estimates

    Goldman Sachs Group Inc., the U.S. bank that makes most of its money from trading, reported second- quarter profit that fell short of analysts’ estimates as fixed- income revenue plunged 63 percent from the first quarter.

  • Goldman Sachs to Cut 1,000 Jobs as Fixed-Income Revenue Misses Estimates

    Goldman Sachs Group Inc., the U.S. bank that makes most of its money from trading, said it will cut about 1,000 jobs after a plunge in fixed-income revenue that was bigger than analysts estimated.

  • Goldman Announces New Business Standards Committe

    Goldman Sachs Group Inc. , the Wall Street firm facing a fraud lawsuit from the U.S. Securities and Exchange Commission, named E. Gerald Corrigan and J. Michael Evans to oversee a new business standards committee.

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