BROWSE BY TOPIC
- Bad Brokers
- Compliance Concepts
- Investor Protection
- Investments - Unsuitable
- Investments - Strategies
- Investments - Private
- Features/Scandals
- Companies
- Technology/Internet
- Rules & Regulations
- Crimes
- Investments
- Bad Advisors
- Boiler Rooms
- Hirings/Transitions
- Terminations/Cost Cutting
- Regulators
- Wall Street News
- General News
- Donald Trump & Co.
- Lawsuits/Arbitrations
- Regulatory Sanctions
- Big Banks
- People
TRENDING TAGS
Stories of Interest
- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
ABOUT FINANCIALISH
We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.
Stay Informed with the latest fanancialish news.
SUBSCRIBE FOR
NEWSLETTERS & ALERTS
Goldman Sachs Closes in on $1,000,000,000,000
April 18, 2012
President Obama's mission against "Too Big to Fail" financial institutions has not quite hit its mark. [We'll hold that for another story.] However, you can 'take this to the bank': "Goldman Sachs is alive & well and still growing." Having just concluded the 1st quarter of 2012, Goldman's balance sheet now stands at $951 billion.
That's 7.6% higher than the level at the end of 2008. It's also just $49 billion shy of $1,000,000,000,000 ($1 trillion), which would require a mere 5.2% growth. But they'll have to do it without much help from inflation.
By comparison, Morgan Stanley, which reports earnings on Thursday, had $750 billion of assets at the end of 2011, which is 14% higher than in 2008. Since 2008, assets at JPMorgan Chase’s investment bank are actually down 5%, although large banks like JPMorgan Chase and Wells Fargo have grown a lot since the crisis - though mainly through acquisitions of large ailing banks, like Bear Stearns, WaMu, and Wachovia.
Banks aren’t shrinking. But nor is the anger behind the too-big-to-fail bailouts. [Dealbook, 4/17/12]

