Understanding Goldman’s $687m trading loss

30 December 2024BanksBasel rules, Federal Reserve, Goldman Sachs, Value-at-riskNick Dunbar

The bank may look profitable to shareholders, but disclosures compiled by Risky Finance made it possible to uncover the story of this trading loss at Goldman Sachs

US banks face yield curve stress test

9 March 2020BanksBank of America, Goldman Sachs, interest rates, JP Morgan, mortgage-backed securitiesNick Dunbar

The Covid-19 pandemic is driving bond yields to record lows. Meanwhile, the exposure of large US banks to falling rates has been amplified by regulatory changes and ballooning securities portfolios.

Goldman deploys slimmed-down model in retail push

17 December 2019BanksApple Inc, Basel rules, Goldman Sachs, qualifying revolving exposures, retail loansNick Dunbar

Goldman Sachs is venturing into consumer lending, with the help of Apple Card. Part of the strategy involves dramatic changes to the bank’s risk models

Handicapping Goldman’s 1MDB liabilities

30 January 2019BanksGoldman Sachs, operational riskNick Dunbar

The 1MDB scandal may result in a record legal settlement for Goldman Sachs. Risky Finance visualises the expected loss and explores how life-changing it might be for Goldman.

How Goldman punished its FICC failures

1 August 2018Banksbonuses, Goldman Sachs, remuneration, tradingNick Dunbar

As David Solomon replaces Lloyd Blankfein, Goldman Sachs is rejigging its trading business in the wake of lacklustre results. Our new remuneration tool shows how the bank punished underperforming staff last year.

Can Goldman recover its trading mojo?

9 March 2018BanksBasel III, electronic trading, Goldman Sachs, MiFID 2, P&L distribution, trading, Value-at-risk, Volcker RuleNick Dunbar

We use risk disclosures to analyse Goldman’s plunge in trading profits, and offer five reasons why revenues are unlikely to recover.

Blankfein in Frankfurt and the threat to LCH

3 November 2017Articles, BanksBrexit, central clearing, derivatives, Goldman Sachs, London Clearing HouseNick Dunbar

As CCPs dominate the derivatives landscape, London Clearing House now has more than €150 billion in capital from clearing member banks. But a threat from Lloyd Blankfein show how vulnerable LCH has become.

How the Fed’s physical commodity rule hits Goldman

22 September 2016Articles, Bankscommodity risk, Goldman SachsNick Dunbar

The Federal Reserve’s proposal to sharply raise capital requirements for bank physical commodity holdings puts Goldman Sachs on the spot and highlights the regulatory drive to rebuild barriers between banking and commerce.