HengHeng wrote:hmm goldman at 81 bucks ... hmm can buy buy hor .. if got 70 bucks , i sah ah long also buy.
HengHeng wrote:hmm goldman at 81 bucks ... hmm can buy buy hor .. if got 70 bucks , i sah ah long also buy.
Goldman chief sought tie-up talks with Citi
By Henny Sender in Tokyo and Francesco Guerrera in New York
Published: October 26 2008 22:32 | Last updated: October 26 2008 22:32
Lloyd Blankfein, Goldman Sachs’ chief executive, called Vikram Pandit, his Citigroup counterpart, last month to discuss a merger, in a dramatic example of the secret manoeuvring that preceded the government bail-out of the financial sector.
The call, which was made at the tentative suggestion of the regulatory authorities or at least with their blessing, was made shortly after Goldman had won surprise approval to convert itself from a securities firm into a commercial bank on September 21, according to several people familiar with the events.
They added that the conversation was brief as Mr Pandit rejected the proposal at once.
A deal would have been structured as a Citi takeover of Goldman. In spite of the slide in Citi’s shares, its market value around the time of Mr Blankfein’s call was $108bn, roughly double Goldman’s capitalisation.

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LenaHuat wrote:I anticipate a GS+WFC merger.
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