Financial Headlines: Goldman Sachs, Capital One, Marsh & McLennan

Financial Headlines Goldman Sachs GS – Goldman's customers remain loyal despite all the recent headlines – per Andrew Ross Sorkin in NYT – “there’s an inconvenient truth that’s been largely ignored: Most of Goldman’s big customers are not bolting” NYT -Capital One COF – credit card master trust numbers out this morning – NCOs fall from 9.68% to 9.48%; delinquencies also improve from 5.07% to 4.8%. -SocGen targeting ’12 net profit of EU6B (double its target for ’10); says no planning capital raise; SocGen said second-quarter trading was strong so far for its French retail network but mixed for the equities division at its investment bank because of volatile market conditions. "We confirm our annual guidance...The second quarter is not over," Reuters -S&P Revises Marsh & McLennan MMC Outlook To Negative; “The magnitude of the settlement exceeded our expectations and, in our opinion, raises concerns regarding any potential adverse impact on Mercer's reputation and competitive position” -CIBC to acquire $2.1 billion Canadian MasterCard portfolio from Citigroup C ·