Lunchtime Links: Is Goldman losing its edge?

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Well, maybe a little - the PR disasters surrounding the Wall Street firm in recent months have tarnished its reputation to the extent its market share is slipping in the corporate bond underwriting space.

Analysis by Bloomberg points to how Goldman is losing ground here - falling to 10th in the rankings and seeing its market share slip from an average of 4.8% to 3.7% now. Deutsche Bank and JPMorgan have climbed in the league tables at Goldman's expense.

The real question, however, is whether this reputational damage will eventually have a significant impact on the bank's business.

"It has to overcome some pretty sizable public relations issues, which are related to the way it does business and the products it creates. The company is good enough to overcome all of this stuff, but it would be hard for me to imagine that there's no impact as a result of what we've seen over the last 12 to 18 months," said Richard Bove.

Still, it's worth pointing out that Goldman retains the top spot in the M&A advisory space, with $289.7bn in deals so far this year. This has historically accounted for 40% of the investment banking industry's revenue, according to Sanford Bernstein research.

Goldman accused of trying to destroy China (DealBook)

Stressed out Swiss bankers require counselling (Bloomberg)

Standard Chartered enrols children of private banking clients (Bloomberg)

UBS has created a China M&A team (Business Week)

Nikko Asset Management poaches JPMorgan IM's Asia CEO ( Reuters)

Macquarie adds FIG big-hitter in the US (Financial News)

Brevan Howard's bumper pay day (Times)

Bank of America preparing to move into huge new office (Bloomberg)

HSBC planning to expand investment banking in India (Money Control)

FASB chairman's retirement is concerning (Financial Times)

SocGen has failed to report around 80% of its transactions properly (FT Alphaville)

Hedge fund chief donated 500k to the Tories (Telegraph)

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