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Wednesday, April 7, 2010 as of 11:14 AM ET

David Viniar

David Alan Viniar has been Executive V.P. and CFO at Goldman Sachs since 1999.

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Goldman Sachs 1Q Net Off 23%; Revenue Better Than Seen

Goldman Sachs Group Inc.

(GS) reined in its risk-taking and focused on expense controls as its first-quarter profits beat expectations, though results showed the toll that choppy markets have taken on the company's main businesses.Revenue fell 16% from the first quarter last year, to $9.95 billion--not as low as the $9.48 billion analysts had forecast--and profit fell 23%, to $2.11 billion.The results were a strong rebound from the lackluster fourth quarter, but executives at the Wall Street company continued to emphasize caution about the near term, given the economic recovery's "fragility." Revenue in nearly all of Goldman's businesses contracted compared to the beginning of last year. The two exceptions: financial advisory, which rose 37% in the first quarter, and stock trading for clients, which gained 7%.Catalysts for a shift remain elusive, David Viniar, Goldman's chief financial officer, said during a conference call with analysts on Tuesday. Merger activity hasn't gained moment...

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  1. Goldman's Blankfein Receives 24,249 Shares Vested From Prior Awards -Filing

    Senior executives of Goldman Sachs Group Inc. (GS) received another installment of stock awarded in previous years, including 24,249 shares for Chief Executive Lloyd...

  2. FINS.com: Where Finance Jobs Are In 2012

    It's been a tough several months on the Street.After the financial crisis trampled everything in its path in 2008 and 2009, firms tentatively started rebuilding thei...

  3. Goldman Sachs 4Q Earnings Off 58%, Revenue Down 30%

    Goldman Sachs Group Inc. (GS), facing declining revenue because of a global slump in capital-markets activities, has turned its focus to expense controls and managin...

  4. Europe Worries, Volatility Hit Goldman Trading Revenues

    Goldman Sachs Group Inc. (GS) became the latest bank to report poor quarterly results from its trading operations Wednesday.The bank cited the European sovereign-deb...

  5. Goldman Monitoring Size Of Each Of Its Businesses -CFO

    Goldman Sachs Group Inc. (GS) Chief Financial Officer David Viniar said the investment bank is monitoring the size of each of its businesses as it copes with weak cl...

  6. Goldman Sachs rates desk hemorrhages traders

    By Lauren Tara LaCapraNEW YORK (Reuters) - More than a dozen traders have quit Goldman Sachs Group Inc's <GS.N> North American government bonds and derivatives tradi...

  7. Goldman investors seek answers beyond dreary second-quarter

    By Lauren Tara LaCapraNEW YORK (Reuters) - When Goldman Sachs Group Inc <GS.N> reports second-quarter earnings on Tuesday, investors will be keen to hear how the lar...

  8. U.S. pushed Goldman to provide legal loss estimate

    By Lauren Tara LaCapraNEW YORK (Reuters) - Goldman Sachs Group Inc disclosed estimates of potential losses from legal issues after pressure from U.S. Securities and ...

  9. Goldman traded $1.3 billion in Libyan funds: report

    (Reuters) - Goldman Sachs invested more than $1.3 billion from Libya's sovereign-wealth fund in currency bets and other trades in 2008 and the investment lost more t...

  10. Goldman CFO says clients "past" Levin: analyst

    By Lauren Tara LaCapraNEW YORK (Reuters) - Goldman Sachs believes its clients are "largely past" the regulatory investigations and accusations that have surrounded t...

  11. Report: Goldman Mulls Sale of Litton

    Goldman Sachs Group Inc's mortgage servicing unit, Litton Loan Servicing, has attracted bidders including Ocwen Financial Corp and Carrington Holding Co, sources fam...

  12. Goldman CEO awarded $14.12 million compensation for 2010

    By Lauren Tara LaCapraNEW YORK (Reuters) - Goldman Sachs Inc <GS.N> awarded Chairman and Chief Executive Lloyd Blankfein a $5.4 million bonus for 2010, despite a dec...

  1. For Banks, Euro Crisis Meant Less Trading Revenue In 1Q

    The impact of the euro crisis continued to hit banks' trading revenue in the first quarter as jittery investors pulled out of bond, currency and related markets.Gold...

  2. At Goldman, Euro Crisis Leads 1Q Trading-Unit Revenues Down 20% From Last Year

    The surging popularity of developing world currencies couldn't offset the world-wide falloff in foreign-exchange trading for Goldman Sachs Group Inc. (GS), as first-...

  3. Goldman CFO Warns Of "fragility Of The Recovery"

    The chief financial officer of Goldman Sachs Group Inc. , David Viniar, said on Tuesday that the bank remains cautious given the "fragility" of the economic recovery...

  4. Banks Urge Fed Retreat On Credit Exposure - FT

    DOW JONES NEWSWIRESWall Street banks told Federal Reserve Governor Daniel Tarullo in a meeting three weeks ago that a plan to limit exposure to individual companies ...

  5. Goldman Sachs CEO's 2011 Compensation Valued At $12Mln

    Goldman Sachs Group Inc. (GS) Chairman and Chief Executive Lloyd Blankfein's total compensation for 2011 fell 35.5% to $12 million as the securities firm had its lea...

  6. Goldman CEO Blankfein's 2011 Compensation Jumps to $16M

    Goldman Sachs Group Inc Chief Executive Lloyd Blankfein's compensation increased 14.5 percent to $16.2 million in 2011 despite a sharp decline in profits and share p...

  7. Goldman's Blankfein Receives $7.2 Million Stock Award For 2011 -Filing

    Goldman Sachs Group Inc. (GS) granted Chief Executive Lloyd Blankfein restricted stock valued at $7.2 million as of Friday's close as part of his 2011 compensation.T...

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