Goldman Sachs CEO says US economy looks constructive but cautions on inflation
By Megan Davies DAVOS, Switzerland (Reuters) – Goldman Sachs CEO David Solomon expects the U.S. economy to avoid a big slowdown this year, but warned that inflation could remain more stubborn than…
Davos 2023: Goldman Sachs CEO concerned about debt ceiling
By Lananh Nguyen DAVOS, Switzerland (Reuters) – Goldman Sachs Group Inc.’s Chief Executive David Solomon expressed serious concern on Thursday that a political standoff over the U.S. debt ceiling could lead to…
Goldman Sachs no longer expects recession in euro zone in 2023
(Reuters) -Goldman Sachs said on Tuesday it expects the euro zone economy to grow by 0.6% this year, compared with its previous forecast of a contraction, thanks to a fall in natural…
Goldman Sachs to cut about 3,200 jobs this week after cost review – Bloomberg News
(Corrects to clarify in the first paragraph that it’s one of the biggest rounds of job cuts, and not the biggest) (Reuters) – Goldman Sachs Group Inc will start one of its…
Goldman Sachs’ consumer banking unit head steps down – memo
(Reuters) – The head of Goldman Sachs Group Inc’s direct-to-consumer unit, Swati Bhatia, is stepping down from the role, according to an internal note seen by Reuters. Bhatia, a former PayPal executive,…
Goldman Sachs Will Slash Workforce, Cut Back On Bonuses For Underperformers: REPORT
Goldman Sachs Will Slash Workforce, Cut Back On Bonuses For Underperformers: REPORT John Hugh DeMastri on December 16, 2022 Goldman Sachs is planning to cut thousands of employees and potentially eliminate bonuses…
Goldman Sachs to cut thousands of employees – source
NEW YORK (Reuters) – Goldman Sachs Group Inc is planning to cut a couple of thousand employees to navigate a difficult economic environment, a source familiar with the move said. The Wall…
Goldman Sachs to stop making unsecured consumer loans – source
By Saeed Azhar NEW YORK (Reuters) – Goldman Sachs Group Inc plans to stop originating unsecured consumer loans, a source familiar with the move told Reuters on Monday, in another sign the…
Gold is better portfolio diversifier than bitcoin -Goldman Sachs
(Reuters) – Goldman Sachs expects gold, with its real demand drivers, to outperform the highly volatile bitcoin in the long term, the bank wrote in a Monday research note. Gold is less…
Goldman Sachs plans to cut bonuses for senior employees – report
(Reuters) – Goldman Sachs Group’s bonus pool for senior employees is expected to shrink by as much as half, news platform Semafor reported on Thursday, citing people familiar with the matter. The…
Goldman Sachs CEO says job market ‘surprisingly tight’
(Reuters) – Goldman Sachs Chief Executive Officer David Solomon said on Tuesday that the job market remains “surprisingly tight” and competition for talent was “as tough as ever” while speaking at the…
Abu Dhabi’s ADNOC working with Goldman Sachs on gas business, sources say
By Hadeel Al Sayegh DUBAI (Reuters) – Abu Dhabi National Oil company (ADNOC) has engaged Goldman Sachs to work on consolidation of its gas operations for a planned stock market flotation next…
Goldman Sachs Issues Stock Market Warning
John Hugh DeMastri on November 28, 2022 NEW YORK, NY – U.S. investors are significantly underestimating the risk of a recession, potentially increasing the impact of a recession next year, economists at…
Goldman Sachs says U.S., Europe could end reliance on Chinese EV batteries by 2030 -FT
(Reuters) – The United States and Europe could cut their dependence on China for electric vehicle batteries through more than $160 billion of new capital spending by 2030, the Financial Times reported…
Global equity bear market not over yet – Goldman Sachs
(Reuters) – Goldman Sachs on Monday warned that the global equity bear market is not over as the markets are yet to see a trough in the momentum of global growth deterioration,…
Goldman Sachs expects “significant” decline in U.S. inflation in 2023
(Reuters) – Goldman Sachs said it expects a “significant” decline in U.S. inflation next year due to easing in supply chain constraints, a peak in shelter inflation and slower wage growth. The…
Goldman Sachs names new M&A heads for Americas -memo
By Svea Herbst-Bayliss and Anirban Sen NEW YORK (Reuters) – Goldman Sachs Group Inc on Monday named Avinash Mehrotra and Brian Haufrect as the new co-heads of mergers and acquisitions (M&A) for…
Goldman Sachs sees Fed rates peaking at 5% in March – Bloomberg News
(Reuters) – Goldman Sachs Group Inc’s economists said the U.S. Federal Reserve could bump up interest rates to as high as 5% by March 2023, 25 basis points above its earlier predictions,…
Goldman Sachs launches Chinese infrastructure real estate joint venture
By Selena Li HONG KONG (Reuters) – Goldman Sachs has launched a joint venture in China with local logistics company Sunjade in a bid to boost investment in Chinese logistics and infrastructure…
Goldman Sachs appoints Cristina Estrada as Brazil investment banking co-head
SAO PAULO (Reuters) – Goldman Sachs has appointed Cristina Estrada, current COO of Latin America Financing Group, as co-head of investment banking in Brazil, according to an internal memo seen by Reuters.…
HSBC hires Goldman Sach’s Ma to lead North Asia global banking – memo
HONG KONG (Reuters) – HSBC has appointed Goldman Sachs partner Christina Ma as its head of global banking for North Asia, according to a memo seen by Reuters. Ma will join the…
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 of employees after reviews returned this July…
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 Reuters on Thursday, as the bank seeks…
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 have been sounding hawkish recently, the investment…
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 resources starting Jan. 1, the company told…
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 data on Wednesday showed euro zone inflation…
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