Saturday, 26 July 2014
Last updated 16 hours ago
Mar 21 2011 | 7:23am ET
When it comes to wildly speculative market rumors, you can hardly beat this: The No. 1 and No. 2 executives at Goldman Sachs leaving their Wall Street perch to launch a hedge fund.
That's exactly what Fox Business Network's Charlie Gasparino suggested last week in reporting that Goldman CEO Lloyd Blankfein would leave the bank no later than next year. What's more, according to Gasparino, "his number two, Gary Cohn, has also expressed interest in leaving Goldman and starting his own hedge fund."
"You can see maybe both of them leaving; it could be the Blankfein Cohn hedge fund," Gasparino continued. "Maybe they'll start their own firm."
Cohn is Goldman's president.
The former CNBC correspondent said that Blankfein is "tired of running the company" and that "sometime in 2012, and maybe they'll announce it this year, Lloyd Blankfein will not be CEO of Goldman Sachs."
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…