Goldman Sachs

Four years after Lehman Brothers suffered the largest bankruptcy in US history, a former vice president at the investment bank has warned the financial system is on a ‘collision course' for another 2008-style event.

Goldman Sachs Asset Management has launched a range of funds tracking new S&P Dow Jones indices that offer investors alternative beta.

The US economy added 96,000 jobs in August, failing to meet economists' expectations and prompting Goldman Sachs to predict a fresh round of quantitative easing next week.

Jim O'Neill has publicly ruled out following in the footsteps of Mervyn King and taking on the role of governor of the Bank of England.

Chairman of Goldman Sachs Jim O'Neill has said Spain's stricken economy may not need a full bailout, despite yields on Spanish bonds continuing to soar to eye-watering levels in recent weeks.

GOSLING's GROUSE

Goldman Sachs has predicted the London Olympic Games will boost the nation's economic output by as much as 0.4 percentage points in Q3.

GROWTH MARKETS

European equities lost ground in afternoon trading ahead of a crucial EU summit, as Spain officially asked its eurozone neighbours for a bailout.

EUROZONE CRISIS