Sep 30, 2013

DealBook P.M. Edition September 30, 2013: Goldman as Case Study, Not Hero or Villain

Monday, September 30, 2013
Goldman as Case Study, Not Hero or Villain
Goldman as Case Study, Not Hero or Villain Goldman Sachs has been a symbol for Wall Street's dark side. Its depiction as a blood-sucking "vampire squid" in a Rolling Stone article captured the public's imagination. Amid the vitriol, Goldman has had plenty of defenders who argue that the bank performed far better than its peers during the financial crisis and continues to be a profit-making machine. So which is it? Steven G. Mandis, a Ph.D. candidate in sociology at Columbia University, takes a measured, academic approach to the question in a new book, "What Happened to Goldman Sachs."
    No Limit on Strikes for JPMorgan Chase
    Henning: No Limit on Strikes for JPMorgan Chase Simply paying money to get rid of investigations raises questions about whether JPMorgan Chase should be viewed as a recidivist, and if so how the law should treat the bank. Peter J. Henning explores the issues in the White Collar Watch column.
    Former Xstrata Chief in New Mining Venture The trading house Noble Group and the American private equity firm TPG Capital will each invest $500 million in a private mining venture led by Mick Davis, the former Xstrata chief executive who lost out in the Glencore takeover.
    Mutual Fund Billionaire Gives $250 Million to Yale
    Mutual Fund Billionaire Gives $250 Million to Yale Charles B. Johnson, the retired chairman of the money management company Franklin Resources, has pledged $250 million to Yale.
    Active Network in $1.05 Billion Buyout Active Network, which provides online tools and data management for events, has agreed to be acquired by the private equity firm Vista Equity Partners in a deal valued at $1.05 billion.
    Barclays Names Top Aerospace Banker Barclays has announced that Jay Caldwell will join the bank as global head of its aerospace and defense team.
    Apollo's Energy I.P.O. Gives New Life to Quick Flips Apollo Global Management is showing that private equity can still dig into its old bag of tricks, writes Christopher Swann of Reuters Breakingviews.
    A shutdown of the federal government is set to begin. Empire State Realty Trust, owner of the Empire State Building in Manhattan, is expected to price its initial public offering.

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