Goldman Sachs

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Bankers team up with Greek shipowner to launch private investment firm

Former senior Goldman Sachs and HSBC banker Matthew Westerman is launching a private investment firm alongside a former colleague and a Greek shipping tycoon, he said on Friday.

Westerman will partner his former Goldman Sachs colleague Julian Metherell and Peter Livanos, who owns Greek shipping company Ceres Hellenic, in a new firm called MW&L Capital Partners.

Italian impact highlights need for a precautionary credit line

The recent rally in Greek bond yields due to the political crisis in Italy once again illustrated how vulnerable Greece is to external shocks. Analysts at foreign firms told Kathimerini that the Italian unrest will have consequences on Greece, stressing that the choice of a "clean exit" contains great risks as it must come with a huge cash reserve.

US Federal Reserve rings alarm about America's soaring debt

The US deficit stands at $20 trillion and will rise to $30 trillion in a decade. That should be a reason for concern, according to the US Fed.

"I believe the Federal Reserve should be gradually and patiently raising the federal funds rate during 2018," Dallas Federal Reserve Bank President Robert Kaplan said on Wednesday.

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