关于高盛的自营交易.

hoollly

大图在这里:
http://3.bp.blogspot.com/_FM71j6-VkNE/Sejdq_yBuyI/AAAAAAAAB_c/dPWf6ew1Zlg/s1600-h/NYSEprog.jpg



Goldman Sachs自己用自己的钱亲自炒股票,是他帮客户炒的5倍.
它一家公司的principal trading超过排名前4家的总和.

Principal trading占38.5%,其中Goldman Sachs一家就占1/3交易量.(而且它用program trading很凶)

Goldman Sachs在今年的首三个月,有34天获利超过1亿美元.FICC部门第一季则营收65.6亿美元.
Goldman Sachs’s $100 Million Trading Days Hit Record
http://www.bloomberg.com/apps/news?pid=20601087&sid=a7HGVAn8w73Y&refer=home

Term:	Proprietary trading
Definition:	PrincipalTradingin whichFirmseeks directGainrather thanCommissiondollars.

上面是第一个常识.第二个常识是, Goldman Sachs不是慈善机构,而且它也从来没有在年报里面将过说它的mission是拯救世界经济.

hoollly

Goldman Sachs Prices $5 Billion Public Offering of Common Equity

April 14, 2009

New York, April 14, 2009 - The Goldman Sachs Group, Inc. (NYSE: GS) announced today that it has priced a public offering of 40,650,407 shares of its common stock at a price to the public of $123.00 per share for total gross proceeds of approximately $5 billion. In addition, Goldman, Sachs & Co., the sole underwriter, has an option to purchase up to an additional 6,097,561 shares of common stock to the extent that it sells more than 40,650,407 shares.

The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities. A registration statement relating to these securities has been filed and is effective. Copies of the final prospectus supplement and base prospectus relating to the offering may be obtained when available from Goldman, Sachs & Co., Attn: Prospectus Department, 85 Broad St., New York, NY 10004 or by faxing (212) 902-9316 or calling toll-free 1-866-471-2526 or emailing at prospectus-ny@ny.email.gs.com.

hoollly

Citigroup convert an additional $5.5B in stock

16 hours ago

NEW YORK (AP) — Citigroup Inc. is planning to convert an extra $5.5 billion of preferred shares into common stock to address its capital shortfall.

The government's "stress tests" released Thursday determined that Citigroup needs $5.5 billion in additional capital in case the recession worsens.

A conversion would not actually give Citigroup more cash, but it would increase Citi's "common equity," a yardstick being used by the government to measure a bank's ability to absorb losses.

Citigroup had previously planned to exchange $27.5 billion of preferred stock into common stock. Now, it plans to exchange $33 billion.

The government has invested $45 billion in the beleaguered bank since late last year in preferred shares. Citigroup's preferred stock is held by both the government and private investors.

蚂蚁小弟

没有一家企业的mission是拯救世界
只有HEROES里头才有这样的TheCompany
人家喜欢自己炒自己，你吹得他涨咩？
你吹不到他涨，你就自己关门自己营自己咯

hoollly

http://online.wsj.com/article/BT-CO-20090508-710269.html

Wells Fargo, Morgan Stanley Sell Upsized Stock Offerings
Wells Fargo & Co. (WFC) and Morgan Stanley (MS) sold a total of $11 billion in stock Friday morning, each boosting the ...

hoollly

BofA CEO Lewis lays out plans for bank's future

NEW YORK (AP) — Bank of America's chief executive Ken Lewis laid out his plans for raising new capital to meet regulatory requirements after the government said the nation's largest bank is facing a $33.9 billion shortfall.

In a wide-ranging interview with CNBC, Lewis also said Friday that the economy is bottoming and that he plans to remain in charge of the bank through the recovery.

The Charlotte, N.C.-based bank will raise capital through asset sales, earnings in the upcoming quarters and raising capital from private investors, Bank of America officials had said during a conference call Thursday night. The bank believes those actions should allow it to avoid needing to convert into common stock some of its $45 billion in government loans under the Troubled Asset Relief Program.

Bank officials said during Thursday's call it is mulling sales of its Columbia asset management unit, as well as several other businesses, and may enter into several joint ventures. It previously said it planned to sell its First Republic Bank unit, which it inherited when it bought Merrill Lynch & Co. Those sales could help it raise $10 billion.

Another $17 billion will likely be raised through the issuance of common stock, including through converting at less than face value some preferred shares held by private investors. The rest of the capital could come from cash flow from operations in the coming quarters.

Bank of America shares rose 70 cents, or 5.2 percent, to $14.21 in morning trading Friday.

On Thursday, the government announced the results of its bank stress tests, indicating that Bank of America would need an additional $33.9 billion in capital to meet potential losses if the economy worsens. The bank will have six months to raise capital to create that financial cushion.

"We have significant opportunities to meet our target. We do not need new government money. And we do not intend to convert the existing TARP money we have. Our game plan is designed to help get the government out of our bank as quickly as possible," Lewis said on Thursday's call with analysts.

In the CNBC interview Friday, Lewis said he plans to remain as CEO to help the bank navigate raising the required cash to meet the government's stress-test results and repay the TARP funds.

Shareholders voted narrowly last week at the bank's annual shareholders meeting to split the chairman and CEO positions at the bank, stripping Lewis of the chairman's role. Lewis served as chairman and CEO since 2001.

Walter E. Massey, president emeritus of Morehouse College in Atlanta, was elected by Bank of America's board to replace Lewis.

Investors have been upset in recent months over a tremendous drop in the company's stock price, continuing losses and ongoing government investigations surrounding Bank of America's acquisition of Merrill Lynch & Co.

After the deal was sealed Jan. 1, Merrill Lynch reported $15 billion in fourth-quarter losses and it was learned that Bank of America had approved the early payout of billions of dollars in bonuses to Merrill Lynch employees.

Lewis pledged during the conference call Thursday to be responsive to shareholder anger, saying "you reflect on it, and try to see the trends and themes that were being stressed, and react to them."

Lewis said he does not plan to walk away until he can help the bank complete its turnaround and repay the government loan. He told CNBC that he is likely to step down as CEO by the time he turns 65 in three years — the traditional retirement age for executives at the bank.

In the meantime, the bank said it is looking for new directors. The company lists 18 directors on its board. It's unclear how many directors could be affected or who might step down, except Massey did say during a call with the media Thursday that the bank will seek new directors with more banking and financial experience.

Economic conditions for completing the plan and paying off the loan have improved dramatically in the past two months as the stock market has rebounded from multiyear lows and data has indicated the economic downturn might be slowing.

Augstums reported from Charlotte, N.C.

hoollly

http://www.telegraph.co.uk/finan ... ise-extra-75bn.html

Major American banks raced to raise extra capital last night after the US government’s financial stress tests revealed 10 of the 19 largest institutions require a collective $74.6bn (£49.6bn) in extra capital to weather future economic storms.

750亿美元....
虽然相对很多数字来说,并不算大.但是以高盛交易之王的战绩来看,3年的利润才可以大致达到这个数目.

hoollly

http://finance.yahoo.com/news/3- ... p;asset=&ccode=

NEW YORK (AP) -- Three banks that have received a clean bill of health from the government are announcing plans to raise capital to repay government funds received last fall.

Minneapolis-based U.S. Bancorp is offering $2.5 billion of its common stock, and Virginia-based Capital One Financial is planning to sell 56 million new common shares -- worth about $1.76 billion at Friday's close.

North Carolina-based BB&T says it will sell $1.5 billion in common stock, and will also cut its dividend by 68 percent to 15 cents to save $725 million annually.

On Thursday, the government announced the results of its stress tests of the 19 largest U.S. banks. US Bancorp, Capital One and BB&T are among the 9 banks deemed to have enough capital to withstand a deeper recession.

Hoho,通过压力测试的银行也趁机会集中资金。
这一波银行股涨潮投资者的下场如何，参考TEMASEK就知道了。

hoollly

The Bank of New York Mellon Completes Sale of $1.5 Billion Non-Guaranteed Senior Debt Offering

http://news.moneycentral.msn.com ... 0505&id=9871547

NEW YORK, May 5 /PRNewswire-FirstCall/ -- The Bank of New York Mellon Corporation BK, the global leader in asset management and securities servicing, announced today it has completed the sale of a $1.5 billion non-guaranteed senior debt offering comprised of $1 billion of 5-year notes and $500 million of 10-year notes.

Proceeds from the offering will be used for general corporate purposes, which may include, subject to regulatory approval, the partial funding of the redemption of the company's preferred stock and repurchase of the warrant issued to the U.S. Treasury as part of the Troubled Asset Relief Program (TARP).

"We are pleased with the strong investor demand for and favorable pricing of this debt offering given the current market environment. It reflects the strength of our balance sheet and global leadership positions in each of our businesses. We plan to use the proceeds for general corporate purposes, including, with the permission of our regulators, to help repay the government's investment in our company," said Thomas P. Gibbons, chief financial officer of The Bank of New York Mellon.

The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $19.5 trillion in assets under custody and administration, $881 billion in assets under management, services more than $11 trillion in outstanding debt and processes global payments averaging $1.8 trillion per day. Additional information is available at www.bnymellon.com.

The information presented in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements, which may be expressed in a variety of ways, including the use of future or present tense language, relate to, among other things, the Company's business and its expectations with respect to the repayment of the TARP investment. These statements are based upon current beliefs and expectations and are subject to significant risks and uncertainties (some of which are beyond the Company's control). Factors that could cause the Company's results to differ materially can be found in the risk factors set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2008 and the Company's other filings with the Securities and Exchange Commission.

SOURCE The Bank of New York Mellon Corporation

Copyright 2009 PR Newswire

hoollly

http://money.cnn.com/news/newsfe ... 000388_FORTUNE5.htm

NEW YORK-(Dow Jones)- JPMorgan Chase & Co. (JPM) is planning to sell a $5 billion bond offering backed by credit card loans that is eligible for the Federal Reserve's Term Asset-Backed Securities Loan Facility, or TALF, according to a term sheet.

This brings total TALF-eligible issuance close to $10 billion over the last week.

Investors will submit loan applications to the Fed Tuesday to help finance purchases of deals like JPMorgan's.

The self-led deal is expected to price later Monday around 155 basis points over one-month Libor, according to the term sheet.

The deal is oversubscribed and was created on the request of eight investors interested in buying such bonds, according to one market participant.

General Electric Co. (GE), meanwhile, plans to sell a $1 billion credit card loan backed deal eligible under TALF on Tuesday.

Other issuers planning sales Tuesday include motorcycle company Harley Davidson (HOG), Volkswagen AG (VLKAY), Honda Motor Co. (HMC) and CNH Global NV ( CNH).

CNH increased the size of its offering to $1 billion on Monday from an original $780.6 million.

各大银行不是卖股，就是卖债，不然就卖手中资产。

hoollly

http://uk.reuters.com/article/businessNews/idUKTRE5468E320090507
NEW YORK (Reuters) - American Express asked on Thursday forpermission to repay the $3.4 billion (2.3 billion pounds) in TARP fundsit received, after the U.S. government stress test showed the creditcard firm is well capitalized.


    According to bank regulators' guidance, American Express has to showit can issue long-term debt in the public markets that is not backed bygovernment guarantees in order to repay the TARP funds, thefourth-largest U.S. credit card company said.

    American Express became a bank last November as bond markets closeddown and lenders outside the banking system began looking to fundthemselves with deposits. Being a bank also helped American Express winaccess to capital from the government's Troubled Asset Relief Program.

    "Since then, financial markets have become more stable, and AmericanExpress has made substantial progress in adapting to a very difficulteconomic environment," the company said in a statement.

    Stronger financial institutions that were pressed to take TARP moneylast year, or that chose to, are now looking to pay it back because ofthe strings tied to the funds, including pay limitations for seniorexecutives.

    Last month, the company anticipated it planned to repay the TARPfunds if the stress tests revealed American Express did not need toshore up its capital.

    American Express shares rose 2.4 percent to $26.62 in after-hourstrading after closing down 4.30 percent at $25.97 on the New York StockExchange. The stock has risen 40 percent so far in 2009.

    (Reporting by Juan Lagorio, Editing by Richard Chang)

原来秘密在这里。

hoollly

http://www.telegraph.co.uk/finan ... stors-appetite.html

"Investors rediscovered their appetite for shares in banks last week in response to the recent series of results announcements, according to one stockbroking firm. "

笨蛋上当的证据。

hoollly

http://finance.yahoo.com/news/AL ... p;asset=&ccode=

多多了解，你就会知道这个会计世界真的可以奇招百出。

草下飞

谢谢大大的分享

calm88

集资集得这么"赶", 很快Showtime了.

hoollly

从principal trading volume看起来，高盛已经开始抽身。

下面SPDR S&P 500 (ETF)很好的解释了最后一刻的拉高。
1个小时里面爆出大量的成交量。
file:///C:/DOCUME%7E1/-/LOCALS%7E1/Temp/moz-screenshot-6.jpgfile:///C:/DOCUME%7E1/-/LOCALS%7E1/Temp/moz-screenshot-7.jpg

hoollly

http://www.bizjournals.com/albany/stories/2009/05/25/daily46.html

So far, Charlotte, N.C.-based Bank of America (NYSE:BAC) has raised nearly $26 billion in new capital to satisfy regulators.

........

3个星期260亿美元，这速度很神奇。这样下去下个星期结束时，就完成了集资目标了。

tanhy

早一排就有传言这次的大炒家是GS, 看来不假不过真正的黑手是Fed, GS只是打手

我更看到一篇文章说GS的高层在Fed里头有position(不过上个月被炒了）

总之，我一向来都很讨厌GS