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…
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 International, according to a memo seen by…
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 financial officer. McDonogh, 57, will join BNY…
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 Path that opens the door to thousands…
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 reported on Tuesday, citing people with knowledge…
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 medical care starting July 1, the banks…
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 on environmental, social and governance (ESG) standards,…
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 to 812 billion yen ($6.38 billion), a…
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 bonds increasingly emerging through maturity extensions. Since…
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 oversight contributed to the bank being enmeshed…
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 meet its goals to add more women,…
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 business, according to a memo seen by…
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 Bank Johannesburg branch, the bank said in…
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, Inc. (Goldman Sachs), was convicted today by…
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 income and homebuyer demand caused by the…
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 the initial public offering of Arm Ltd…
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 enough about their greenhouse gas emissions, an…
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 earlier, the Wall Street bank disclosed in…
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 of a world economic slowdown. Financial conditions…
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 invasion of Ukraine will hurt spending. The…
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 Russia’s invasion of Ukraine, Bloomberg News reported…
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, according to a statement and a spokesperson,…
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 Street investment bank’s chief executive to exit…
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 the company. The Wall Street giant in…
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 time as the Russia-Ukraine crisis intensifies. Missiles…
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 familiar with the matter. The bank is…
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