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 …
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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 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 …
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 …
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 …
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 …
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, …
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 …
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 …
Exclusive-Goldman Sachs pushes directors for more climate data
By Ross Kerber BOSTON – Goldman Sachs’ big asset-management arm will take a harder line in voting on directors at companies that do not disclose …
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 …
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 …
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, …
Ex-Goldman Sachs banker calls on Wall Street giant to exit Russia
By Kirstin Ridley and Sinead Cruise LONDON – A one-time Goldman Sachs banker has written an open letter to David Solomon calling on the Wall …
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 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 …
Goldman Sachs leads U.S. banks in return to office
By Matt Scuffham and Noor Zainab Hussain – Goldman Sachs’ U.S.-based staff returned to the office for the first time this year on Tuesday, with …
Goldman Sachs cuts 2022 GDP forecast to 3.2% vs 3.8% consensus
NEW YORK – Goldman Sachs cut its GDP forecast in 2022 to 3.2% from a consensus 3.8% as U.S. growth is likely to slow abruptly …
Dikshit charged with insider trading on Goldman Sachs deal
A partner at McKinsey was arrested Wednesday after being charged with insider trading on a Goldman Sachs deal with finance and technology lender GreenSky. The …