Goldman Sachs and the facts and fiction of being data driven
Waters Wrap: Neema Raphael, CDO and head of data engineering for Goldman Sachs, explains what he believes it means for a firm to be data driven.
By the fall of 2008, the bank dominoes were falling in rapid succession. Bear Stearns was dealt to JP Morgan for pennies. Fannie and Freddie were bailed out. Merrill Lynch was paired with Bank of America. Lehman went belly up. AIG was teetering on the brink. By the middle of September, no one knew what would happen next, and Morgan Stanley and Goldman Sachs were under considerable distress from withdrawals.
The historians and pundits have written—and will continue to write—about how institutions
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