Goldman Sachs Boosts Risk-Taking at Fastest Pace on Wall Street
Monday, April 27, 2009 : PermalinkBloomberg – Goldman Sachs Group Inc., unbowed by the securities industry’s worst year since the Great Depression, increased its trading bets at the fastest rate on Wall Street.
Goldman Sachs’s so-called value-at-risk, the amount the New York-based bank estimates it could lose from trading in a day, jumped 22 percent to $240 million in the first quarter, twice what Morgan Stanley stands to lose, company reports show. VaR climbed 2.8 percent in the same period at JPMorgan Chase & Co. and dropped 14 percent at Credit Suisse Group AG.
Tags: amp, bets, bloomberg, credit suisse group, credit-suisse, estimates, first quarter, goldman-sachs, goldman-sachs-group, goldman-sachs-group-inc, great depression, group-ag, jpmorgan chase, morgan stanley, sachs group inc, securities-industry, unbowed, value at risk, wall street
trackback from your site.
