| Topic Name: |
GS and Chase - It's official |
| Message Name: |
GS would never do that |
| Date Posted: |
04/01/2000 |
| In Reply To: |
What would be a reasonable price (range) to pay for the rights to own GS?
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| Message: |
Goldman has the strongest brand name on Wall Street. For them to merge with a second rate bank like Chase would be a travesty. Goldman's good name would be lost, as well as their entire talent base to defection.
Chase just bought Robert Fleming Holdings and early this fall they bough Hambrecht and Quist. Jimmy Lee, Chase's head of Investment Banking has come out and said that he is not done with the acquisitions. Chase is trying hard to jump into the bulge bracket with GS, MER, and MSDW but hasn't yet cracked it.
Goldman's bankers would never EVER work under the Chase name. EVER.
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