Net
- The Buckaroo and the Demand for Money
- College Flunks Four Times; Eliminates Tuition
- ECB May Be Willing to Take a Haircut on Greek Bonds
- College Flunks Four Times; Eliminates Tuition
- New York Housing Market Could Still Collapse: Analyst
- Ouch! UBS's Bonus Pool Got Whacked
- Banks Already Slipping Through New Capital Requirements
- Greek Default: Why Now May Be Best Time to Do It
- What Germans Really Think About the Greeks
- Why the Social Security Tax Fight Is Stupid
- Stuff We Missed: Wednesday, February 22
- Chart of the Day: Europe and U.S. Decoupling
- Will Greek Credit Default Swaps Fall Short?
- Kevin Book: Beware the Downside Potential In Oil Prices
- Stuff We Missed: Tuesday, February 21st
- Modern Monetary Theory’s Big Weekend: The Problem with Surpluses
- ‘Greece Fatigue’: Market Hopes Bailout Plan Will Work
- Sallie Krawcheck: The Euro Is “Fundamentally Flawed”
- Compensation Clawbacks: Bad for Banks, Bad for Shareholders
- Get Ready for Gas Prices to Hit $5 by Summer
- Playing the Banker/Lawyer Game at Stone Rose Lounge
- Memo From the Big Board: Monday Is Not President’s Day
- Government Critic John Kinnucan Arrested for Insider Trading
- Weather Service In Eye of Budget Cut Storm
- Colbert Report Suspends Production
- The Trend Initiation Test for New York Fashion Week
Call: 201-735-4638
Text Message: 917-740-8477
- RBS Records $1.2 Billion Loss After Greece Charges
- More Asset-Buying Depends on Economy: BOE
- Stocks Sputter as Investors Seek Next Catalyst
- Winners and Losers in Obama's Corporate Tax Plan
- Santorum Takes Heavy Fire in Arizona Republican Debate
- Volcker Rule Threatens Recovery: Finance Ministers
- Next Bank of England Governor: The Race is On
- HP, Dell Watch Rising China Labor Costs for Apple
- China Internet Firm Qihoo Says Citron Allegations False
- Romney Proposes Slashing Top Tax Rate to 28 Percent
Goldman Sachs Client Execution Data Breaks Down
Senior Editor, CNBC.com
![]() |
Getty Images The Goldman Sachs booth on the floor of the New York Stock Exchange |
“To our Valued Clients, Due to unexpected trade processing delays, we are experiencing custody reporting delays. We apologize in advance for this inconvenience," the firm tells clients on its website.
This has sent clients scrambling to find other brokers who can properly position them for the morning trading after one of the biggest down days in years.
"We're not even 100 percent sure what our positions are, so we don't know what to buy or sell," one Goldman Sachs client said.
Part of the frustration is that Goldman [GS
Loading...
()
] is being very reticent about the problem.
"They are telling us nothing. No ETA for when we can know where we stand," another client said.
Goldman has issued the following statement:
“We told clearing clients that some reports might be delayed due to the high volume of trading yesterday. Ninety-five percent of the usual data was available by 7am and the rest was available by the time the US stock market opened.”
Correction: An earlier version of this story misidentified the part of Goldman's business that was troubled this morning.
![]() |
What greeted Goldman clients this a.m. ... |
_____________________________________________
Questions? Comments? Email us at
Follow John on Twitter @ twitter.com/Carney
Follow NetNet on Twitter @ twitter.com/CNBCnetnet
Facebook us @ www.facebook.com/NetNetCNBC


















