In late October 2007, as the financial markets were starting to come unglued, a Goldman Sachs trader, Jonathan M. Egol, received very good news. At 37, he was named a managing director at the firm.
Mr. Egol, a Princeton graduate, had risen to prominence inside the bank by creating mortgage-related securities, named Abacus, that were at [...]

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Oct. 23 (Bloomberg) – New Jerseytaxpayers are sending almost $1 million a month to a partnership run by Goldman Sachs Group Inc. for protection against rising interest costs on bonds that the state redeemed more than a year ago.

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Oct. 21 (Bloomberg) – Morgan Stanleyreported its first profit in a year, surpassing analysts’ estimates as underwriting fees climbed and an increase in risk-taking boosted trading revenue to the highest in 12 months.
Third-quarter earnings fell to $757 million, or 38 cents a share, from $7.7 billion, or $6.97, a year earlier, the New York-based company said today [...]

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Oct. 20 (Bloomberg) — A 40 percent jump in Wall Street bonuses this year may bring relief to New York City and Albany as the state and its biggest metropolis struggle with a combined $14 billion in budget deficits this fiscal year and next.
New York investment houses will dole out $26 billion in bonus checks [...]

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Just months after paying back billions in bailout funds,Goldman Sachs reported a profit of $3.19 billion for the third quarter, or $5.25 diluted earnings per common share, exceeding analyst expectations by about $1 a share. Goldman’s earnings were up 270 percent for the quarter compared to the same period last year.
It was only about 12 months [...]

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Citibank (NYSE: C) disappointed investors, shareholders and industry analysts when they announced their disappointing third-quarter earnings which were significantly hindered by non-performing loans.
Citibank earned a slim profit of $101 million, but common stockholders endured a loss of 27 cents per share because most of the profit was paid back to the government in dividends for [...]

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