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Goldman Sachs bets England will beat Italy this weekend, but
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Italy defeat Spain on penalties to move onto the Euro 2020 final
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by Tyler Durden
Tuesday, Apr 27, 2021 - 07:39 AM
For the world s bulge-bracket banks, the Archegos blowup is the gift that keeps on giving: Just when analysts thought that the busted family office s prime brokers had disclosed all of their losses, UBS surprised them by revealing in its Q1 earnings report that it had booked a $774MM loss due to the fund s implosion. Meanwhile, Japan s Nomura revealed that its losses had climbed to $2.85 billion, though the losses straddled two fiscal years, with 245.7 billion yen (about $2.27 billion) booked in the year ending in March, and another 62 billion yen ($573.4MM) for the fiscal year that started in April. Like Morgan Stanley, UBS determined that its losses from Archegos weren t significant enough to warrant an announcement ahead of a scheduled earnings release.
no one from the industry would have predicted just a couple years ago goldman sachs was considered the vampire squid. wall street persona non grata in the house of elizabeth warren. no one would have predicted this, but when they look at the white house, nobody can predict what s going to come. is it the house of jared and ivanka or steve bannon a reince priebus? investors en t getting into that vortex of what goes down in the white house. they want a clear road and they want to be able to move ahead and they love the idea of less regulation. they love the idea of tax reform. the question is are they going to get it. from our washington bureau tonight inexplicably with more energy than any of us, stephanie rule. she is back on the area tomorrow morning at 9:00 a.m. eastern time with love coverage ive cov three of the supreme court hearings.
years ago goldman sachs was considered the vampire squid. wall street persona non grata in the house of elizabeth warren. no one would have predicted this, but when they look at the white house, nobody can predict what s going to come. is it the house of jared and ivanka or steve bannon and reince priebus? investors aren t getting into that vortex of what goes down in the white house. they want a clear road and they want to be able to move ahead and they love the idea of less regulation. they love the idea of tax reform. the question is are they going to get it. from our washington bureau tonight inexplicably with more energy than any of us, stephanie rule. she is back on the area tomorrow morning at 9:00 a.m. eastern time with live coverage of day three of the supreme court hearings. another break for us. coming up, a part of american history not seen until today
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