Goldman Sachs Archives

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Middleby gets stitched up like a kipper!

Nil premium mergers are tough to complete, particularly when a stretched balance sheet forces it to be funded with equity at a time when debt is cheap. This is due to the target company exposing itself as up for sale, but unable to offer its shareholders a control premium beyond some nebulous longer term shared […]

Goldman’s next 25 sigma event may be blamed on Skynet

Goldman have reportedly replaced 600 traders with 200 computer engineers since 2000. The ratio however, doesn’t look very efficient, so presumably they’re working on other projects such as AI, although once this is developed there may not be too much demand then for Javascript developers either. https://www.technologyreview.com/s/603431/as-goldman-embraces-automation-even-the-masters-of-the-universe-are-threatened/ Hopefully, the programming and models will be […]