Monthly Archives: February 2012

26 FebControl II – How to miss an open window, lose $2mm and survive

I once lost $2mm of Goldman Sachs’ money and lived to tell the tale. This is a post about Corporate Actions. In banking this refers to events relating to the bonds or shares of a company. At the centre is Rupert Murdoch, or rather News Corp. For once not the villain in the story and […]

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19 FebControl I – A needle in a haystack

Mistakes. We all make mistakes. Some are innocent, some are fatal and some are “near misses”. And guess what, even the great Goldman Sachs has its share of mistakes too. One, to the tune of $1B, nearly blew up a major IPO deal. Some quick thinking managed to snatch victory from the jaws of defeat, […]

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12 FebKYC – Know your customer, not just your commission

Which customers are good customers and how you acquire them is a hot topic. There are some very nice private bankers from St. Gallen who failed to head their own advice and are now feeling the full force of the US Attorney General. The quest for a fast buck coupled with cursory due diligence is […]

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