Goldman To Get Up To $20 Mln In Twitter Fees: WSJ

Goldman Sachs Group Inc. could get as much as $20 million in fees from underwriting Twitter's debut as a public company.

According to the Wall Street Journal. Goldman, which is the lead underwriter on the deal, is slotted for 38.5% of the fees, which could translate to as much as $20 million depending on how the shares sell when they start trading. Morgan Stanley is set to get 18% of the fees, followed by smaller proportions for J.P. Morgan Chase & Co. read more GS.

Wall Street Goldman Sachs Tells its New Employees to Work Less

According to Bloomberg News, Goldman Sachs (GS) is encouraging its junior bankers to take weekends off during the grueling early years that typically launch Wall Street careers. The company is doing this, in part, to make itself more attractive to the most talented graduates spilling out of top colleges—a group of people likely to have several job offers to choose among. According to Bloomberg News:

Wall Street firms are working to guard the best recruits from poaching by rivals such as private-equity funds. Goldman Sachs decided last year to stop offering two-year contracts to investment-banking analysts, instead making them full-time employees from the start. It plans to give analysts more-predictable working hours and provide more opportunities to get feedback from managers. read more about Goldman Sachs.

Peter Levy, Goldman Ex-Partner Whose Father Led Firm

Peter A. Levy, a founder of alternative investment funds who carried one of Wall Street’s most famous surnames as the son of Gustave Levy, a former senior partner of Goldman, Sachs & Co., has died. He was 77.

He died on Oct. 18 in Palm Beach, Florida, according to his daughter, Dany Levy. The cause was cancer.

Following his career at Goldman Sachs, starting as a floor broker at the New York Stock Exchange and rising to partner, Levy joined colleagues Robert Friedman, former Goldman Sachs chief financial officer, and Ronald Tauber, former chief operating officer of the investment bank’s J. Aron & Co. division, in creating investment funds.read more.

Bank CEOs warn about the debt ceiling

The CEOs of over a dozen financial institutions met with President Obama at the White House. Lloyd Blankfein of Goldman Sachs and Brian Moynihan of Bank of America talked with the press.

 cnn news.

What are the Ironmen Thinking?

Commodities are fickle friends: they can catapult investors to fame and fortune, and then take it all away in the blink of an eye. When investors talk about ephemeral fortunes made in commodity production and trading, they’re sure to name Eike Batista, the Brazilian business tycoon who was ranked the seventh wealthiest person in the world in 2012. Batista made $30 billion from a boom in the mining and oil and gas exploration industries, and had lost 99% of it by July 2013 when his company’s stock fell through the floor following a downturn in the precious metals mining industry and the collapse of his oil and gas company.

As reports make their way to the market that China is restocking iron ore, investors will be looking to make a quick buck speculating on movements in the commodity’s prices. Before you make an investment decision, however, keep Batista in mind and pay heed to what these analysts and executives from the iron ore industry are saying about the metal. Read more.