Lloyd Blankfein

Is Goldman Sachs Riskier Than It Wants to Admit?

The Federal Reserve will release the final results of its bank stress tests after Thursday's market close. But preliminary results suggest Goldman could lose $25 billion from bad trades in another financial crisis, more than any other bank tested by the Fed.

Without Taxpayer Aid, Too Big to Fail Banks Would Only Break Even

Today brings a new milestone in big banks' fall from grace: a Bloomberg editorial alleging that Wall Street's largest financial firms wouldn't be profitable without taxpayer backstops, and calling for an end to the perverse incentives the current arrangement produces.

Pop Quiz: October's Nightmares on Wall Street

In honor of Black Monday 1987 and Black Monday 1929, we bring you the October recession/depression quiz. If you've ever wondered what causes recessions, how we survive them, and how they end, take our quiz and find out!

Goldman Sachs's Great Muppet Caper Comes to an End, For Now

After Greg Smith quit Goldman Sachs in the most public fashion possible -- slamming his employer in the pages of The New York Times -- the firm launched an investigation into his most explosive charge: that employees referred to clients as "muppets" in internal emails.

Holy High Rollers: Blankfein's Latest Run in With Nuns

At Goldman Sachs annual shareholders' meeting on Thursday, CEO Lloyd Blankfein mixed it up a bit with a shareholder representative of the Almighty. And it wasn't the first time he's had a little trouble from the brides of Christ.

Another Ex-Goldman Banker Confesses: Firm Is 'Toxic'

The fallout is still evolving from Greg Smith's public resignation from Goldman Sachs, a firm he called "toxic and destructive," where clients were mocked and their interests sidelined. In a DailyFinance exclusive, we have a response from another ex-employee who backs his claims -- and defends her former colleagues.

Inside Goldman's Earnings Miss

Goldman Sachs reported second quarter earnings of $1.09 billion, or $1.85 per share -- results that are below expectations. While still the most venerable Wall Street Bank, Goldman's quarterly earnings underline a key trait of the investment banking industry: Results can be exceedingly volatile.

This May Be the Best Way to Put CEO Pay in Perspective

To wrap your head around how much someone like Larry Ellison makes, try comparing his compensation to the median income of an American household -- $49,777. His 2008 take of $543 million is the equivalent of the annual earnings of 10,908 average American families. Got that?

FT/Goldman Sachs Book Awards Celebrate Reading in a Digital Age

Fault Lines: How Hidden Fractures Still Threaten the World Economy, by Raghuram G. Rajan, took home the honors at the Financial Times/Goldman Sachs business book of the year award. Keynote speaker Vartan Gregorian delivered a rousing speech in which he called the print vs. digital debate a false choice.

Time for Investors to Lower Their Goldman Expectations?

After eyeballing the firm's revealing second-quarter results, maybe investors should start getting used to the idea that Goldman Sachs will no longer be the invincible Wall Street powerhouse it has been all these many years.