Goldman, Barclays, SG raise Fed rate projections
SINGAPORE (Reuters) – Goldman Sachs, Barclays and a bunch of investment banks raised their estimates for U.S. policy rates on Thursday, following the Federal Reserve’s …
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Goldman Sachs To Fire Hundreds Of Employees After Performance Reviews Return
Goldman Sachs To Fire Hundreds Of Employees After Performance Reviews Return John Hugh DeMastri on September 12, 2022 Goldman Sachs is planning to fire hundreds …
Goldman Sachs bolsters asset management unit with new adviser
(Reuters) – Goldman Sachs Group Inc’s asset management arm has hired Elizabeth Burton to advise its institutional clients, according to an internal memo seen by …
Goldman recommends traders short the euro versus Swiss franc after ECB rate hike
LONDON (Reuters) – Goldman Sachs recommends investors short the euro against the Swiss franc following the European Central Bank’s record rate increase as they think …
Goldman Sachs steepens U.S. rates outlook
SINGAPORE (Reuters) – Goldman Sachs expects a steeper path for U.S. rate rises and a 75 basis point hike this month, as Federal Reserve officials …
Goldman Sachs promotes Jacqueline Arthur to lead human resources
By Lananh Nguyen NEW YORK (Reuters) – Goldman Sachs Group Inc on Tuesday appointed Jacqueline Arthur, a 15-year veteran of the bank, to run human …
Goldman Sachs sees 75 bps ECB rate hike in September
MILAN (Reuters) – Goldman Sachs expects the European Central Bank to raise interest rates by 75 basis points at its policy meeting next week after …
Goldman warns UK inflation could top 20% as recession nears
LONDON/HONG KONG (Reuters) -Inflation in Britain could exceed 20% early next year if spiralling gas prices fail to come down, economists from U.S. investment bank …
Goldman sees Powell sticking to July tightening message at Jackson Hole
(Reuters) – Goldman Sachs said on Tuesday it expects Federal Reserve Chair Jerome Powell to reiterate the case for slowing the pace of tightening, when …
Goldman Sachs’ Leland to return to London in new role
HONG KONG – One of Goldman Sachs’ most senior bankers in Asia, Todd Leland, is leaving the region to become the president of Goldman Sachs …
Citi, Goldman, BofA in talks with regulators over texting fine – Bloomberg
(Reuters) – Citigroup, Goldman Sachs and Bank of America are in discussions with regulators to pay around $200 million each in fines over failing to …
Goldman hires Google exec to co-head applied innovation unit – memo
NEW YORK – Goldman Sachs has hired Jared Cohen, who founded technology incubator Jigsaw at Google, to co-head its newly created applied innovation unit, an …
Goldman says commodities outlook strong, pullbacks a buying opportunity
(Reuters) – The fundamental outlook for commodity prices is strong with inventories of metals and energy continuing to fall from low levels, Goldman Sachs said, …
BNY Mellon appoints Goldman Sachs veteran McDonogh as CFO
(Reuters) – Bank of New York Mellon Corp on Wednesday named Dermot McDonogh, a more than 25-year veteran of Goldman Sachs Group, as its chief …
Goldman Sachs partners with Derivative Path to grow transaction banking
By Elizabeth Dilts Marshall NEW YORK – Goldman Sachs Group Inc said on Thursday it is launching a partnership with capital markets technology firm Derivative …
Goldman Sachs expects over $1.2 billion losses from consumer unit this year – Bloomberg News
(Reuters) – Goldman Sachs Group Inc’s internal projections show the bank’s consumer unit will record losses of more than $1.2 billion this year, Bloomberg News …
Goldman Sachs to cover U.S. employee’s travel expenses for abortions
NEW YORK – Goldman Sachs Group Inc will cover travel expenses for its U.S.-based employees who need to go out-of-state to receive abortion or gender-affirming …
Goldman sees Turkey inflation of near 80% before relief comes
ISTANBUL – Goldman Sachs said on Friday it expects annual inflation in Turkey to reach almost 80% before easing to 60% by the end of …
U.S. SEC investigating Goldman Sachs over ESG funds – WSJ
(Reuters) – The U.S. Securities and Exchange Commission is looking into Goldman Sachs Group Inc’s asset-management division over its funds that look to invest based …
Goldman maintains natgas price forecast, awaits more information about Freeport LNG outage
(Reuters) – Goldman Sachs maintained its $6.80/$5.60 Henry Hub and 89/86 EUR/MWh TTF Sum22/Win22-23 price forecasts after the Freeport LNG outage, noting that the duration …
Goldman raises Brent price outlook on unresolved supply deficit
(Reuters) – Goldman Sachs increased its Brent oil price forecasts by $10 to $135 a barrel for the period between the second half of 2022 …
Japan’s SoftBank cuts borrowing from Mizuho, Goldman Sachs
By Sam Nussey TOKYO – SoftBank Group Corp trimmed borrowing from its main bank Mizuho Financial Group Inc by 4.5% in the year ended March …
Goldman Sachs expects one third of HY China property firms to default in 2022
LONDON – Goldman Sachs said on Friday it now expects around one third of high-yield China property firms to default in 2022, with stresses on …
Goldman Sachs officials reach $79.5 million shareholder settlement over 1MDB scandal
By Jonathan Stempel NEW YORK – Goldman Sachs Group Inc officers and directors reached a $79.5 million settlement to resolve shareholder claims that their poor …
Goldman Sachs boosts recruiting team in push to meet diversity goals
By Carolina Mandl NEW YORK – Goldman Sachs Group Inc has doubled its diversity recruiting team and increased its budget by $10 million to help …
Goldman Sachs adds to China leadership team – memo
HONG KONG – Goldman Sachs has appointed banker E.G. Morse as a co-head of its China business and to lead the bank’s China global markets …
Goldman Sachs to appoint Denny as head of Johannesburg office
(Reuters) – Goldman Sachs Group Inc will appoint Simon Denny as the head of its Johannesburg office and chief executive officer of Goldman Sachs International …
Goldman CEO, top deputies to get cut of profits from bank’s private investment funds – WSJ
(Reuters) – Goldman Sachs Chief Executive David Solomon and his top deputies will get a part of profits from the bank’s private investment funds, the …
Buffett needed two weeks for $11.6 billion Alleghany purchase, balked at Goldman fee
By Jonathan Stempel NEW YORK – Warren Buffett needed just two weeks to put together Berkshire Hathaway Inc’s $11.6 billion takeover of Alleghany Corp, its …
Former Goldman Sachs Investment Banker Convicted in Massive Bribery and Money Laundering Scheme
BROOKLYN, NY – Ng Chong Hwa, also known as “Roger Ng,” a citizen of Malaysia and a former Managing Director of The Goldman Sachs Group, …
McKinsey ex-partner gets 2 years prison for insider trading on Goldman purchase
By Jonathan Stempel NEW YORK – A former McKinsey & Co partner who helped advise Goldman Sachs Group Inc on its recent purchase of fintech …
Goldman Sachs expects Hong Kong home prices to fall 20% by end-2025
HONG KONG – Goldman Sachs said Hong Kong residential property prices could drop as much as 20% through 2025, hurt by a drag on household …
Turkey’s C/A deficit seen rising to 4% of GDP this year -Goldman
ISTANBUL – Turkey’s current account deficit is expected to rise to $32 billion or 4.0% of GDP this year, more than the 2.5% previously forecast, …
Goldman Sachs poised to lead U.S. IPO of SoftBank’s Arm – sources
By Anirban Sen, Krystal Hu and Sam Nussey – SoftBank Group Corp is planning to pick Goldman Sachs Group Inc as the lead underwriter on …
Goldman raises U.S. Treasury yield forecasts on more hawkish Fed
– Goldman Sachs said on Thursday that it has raised its forecasts on U.S. Treasury yields for this year, citing more broad-based and persistent price …
Goldman Sachs raised COO pay by 78% in 2021
– Goldman Sachs Group Inc President and Chief Operating Officer John Waldron’s total compensation for 2021 was $33 million, up nearly 78% from a year …
Goldman says China high-yield developers’ default rate understates stresses
SHANGHAI – Chinese high-yield property issuers have by one measure defaulted on nearly a quarter of their outstanding bonds this year, Goldman Sachs analysts estimated, …
S&P to end this year 1% lower amid Ukraine crisis – Goldman
– The S&P 500 index will end 2022 about 1% lower as commodity prices surge and the outlook for global economic growth weakens amid the …
Global financial conditions at tightest since May 2009 – Goldman Sachs
By Yoruk Bahceli – Global financial conditions have reached their tightest since May 2009, according to a widely watched Goldman Sachs index, a possible sign …
Goldman Sachs cuts U.S. growth forecast as commodity prices bite
SINGAPORE – Goldman Sachs analysts downgraded their forecasts for U.S. economic growth for this year, reckoning that spikes in oil and other commodities since Russia’s …
In court, a former Goldman star recounts his lies and bribes in 1MDB deceit
By Luc Cohen NEW YORK – In a U.S. court, former Goldman Sachs partner Tim Leissner has admitted to taking $60 million in kickbacks, lying …
Some Goldman Sachs employees moving out of Russia to Dubai -Bloomberg News
– Goldman Sachs Group Inc is shifting some of its Moscow-based employees to Dubai as its staff seeks to work from a different location following …
Goldman Sachs GQG fund cuts Russian exposure to $222 million
By Davide Barbuscia NEW YORK – Goldman Sachs Asset Management has reduced the Russian exposure in its GQG international equity fund to about $222 million, …
Goldman sees commodities rally on Russia-Ukraine crisis, sanctions
– Goldman Sachs expects a rise in the prices of commodities that Russia is a major producer of and lifted its short-term Brent crude forecast …
U.S. SEC investigating Goldman Sachs over employee communications
– Goldman Sachs Group Inc said on Friday the U.S. Securities and Exchange Commission was investigating it over employees using communication channels not approved by …
Goldman Sachs sees risks to European stocks from Ukraine crisis
– Goldman Sachs on Friday cut its target for Europe’s major stock index, saying equities in the region are likely to face risks for some …
Goldman Sachs seeks return of bonuses from bankers for jumping ship – Bloomberg News
-Goldman Sachs Group Inc is exploring measures such as seizing vested pay to dissuade top bankers from leaving, Bloomberg News reported on Wednesday, citing people …
Goldman Sachs cuts S&P 500 forecast to under 5,000 as inflation worsens
– Goldman Sachs has tempered its outlook for the S&P 500 index, expecting it to stay below the 5,000 mark this year as rising inflation …
Goldman ups Fed hike forecast to 7 rate increases in 2022 after CPI data
HONG KONG -Goldman Sachs said it expects seven 25 basis point interest rate rises from the U.S. Federal Reserve this year, up from its previous …
Goldman Sachs raises U.S. Treasury 10-year yield forecast
– Goldman Sachs said on Wednesday it was raising its forecast for the U.S. 10-year Treasury yield to 2.25% by end-2022 and to 2.45% by …