BOSTON (Reuters) – Starting a hedge fund with more capital and scoring top first-year returns point to higher chances of survival in the often risky business, Goldman Sachs Group Inc said in research released on Friday. Goldman, which has helped launch and fin... More »
(Reuters) – Goldman Sachs Group Inc (GS.N) on Monday pledged an additional $250 million to fund the federal aid program to help businesses hurt by the COVID-19 pandemic. The addition will take the bank’s total commitments to $775 million. The Paycheck Protecti... More »
(Reuters) – Apple Inc (AAPL.O) co-founder Steve Wozniak joined in the online debate over accusations of gender discrimination by the algorithm behind the iPhone maker’s credit card, fuelling scrutiny of the newly launched Apple Card. The criticism started on T... More »
BENGALURU (Reuters) – A probe into Goldman Sachs Group Inc’s credit card practices has been initiated after tweets from a tech entrepreneur alleged gender discrimination in the new Apple Inc card algorithms that are used to determine credit limits. In a series... More »
NEW YORK (Reuters) – Over the past decade or so, Goldman Sachs Group Inc has watched its annual trading profits fall 84%, as post-financial crisis regulations upended Wall Street. Now, bank executives are hoping they have figured out the key to a turnaround: a... More »
NEW YORK (Reuters) – Apple Inc APPL.O struck out at a Goldman Sachs Group Inc (GS.N) analyst on Friday in a relatively rare public dust-up between a blue chip Wall Street firm and its client. The disagreement came after Goldman Sachs analyst Rod Hall criticize... More »
(Reuters) – Goldman Sachs Group Inc (GS.N) said on Sunday that fears of the U.S.-China trade war leading to a recession are increasing and that Goldman no longer expects a trade deal between the world’s two largest economies before the 2020 U.S. presidential e... More »
NEW YORK (Reuters) – Goldman Sachs Group Inc Chief Executive David Solomon on Friday defended the bank against criticism of its compliance and oversight related to dealings with the sovereign wealth fund 1MDB, according to a message sent to employees obtained ... More »
SINGAPORE (Reuters) – A former Goldman Sachs Group Inc. (GS.N) banker is in talks with U.S. prosecutors to potentially plead guilty to criminal charges stemming from an alleged scheme to steal billions of dollars from a Malaysian state investment fund, the Wal... More »
SYDNEY (Reuters) – Australia’s corporate regulator said the local arm of Goldman Sachs has agreed to review how it sells shares to investors, after it failed to notify the market about dwindling interest in a block trade it conducted for Healthscope (HSO.AX) i... More »
NEW YORK (Reuters) – Goldman Sachs Group Inc bought Clarity Money, a personal finance startup, to bolster its Marcus online lending business, it said Sunday. Buying Clarity Money, a free app that helps consumers manage their personal finances, is expected to a... More »
NEW YORK (Reuters) – David Solomon, soon to be the sole No. 2 to Goldman Sachs Group Inc’s Chief Executive Officer Lloyd Blankfein, still finds time to pursue a beloved hobby: spinning records at big-city nightclubs under the handle DJ D-Sol. On Saturday night... More »
BOSTON (Reuters) – Proxy advisor Institutional Shareholder Services on Friday recommended investors vote against a stock plan for employees at Goldman Sachs Group Inc, concerned about its costs and the bank’s heavy use of stock-based compensation. In a report ... More »
NEW YORK (Reuters) – Several key commodities traders are leaving Goldman Sachs Group Inc, sources said on Wednesday, the latest wrinkle as the Wall Street firm seeks to turn around its struggling commodities unit. Those leaving include Don Casturo, operating c... More »
NEW YORK (Reuters) – A former personal assistant to Goldman Sachs Group Inc Co-Chief Operating Officer David Solomon has been charged with stealing hundreds of bottles of wine worth more than $1.2 million from his former boss. U.S. prosecutors on Wednesday sai... More »
Goldman Sachs Group Inc will detail plans to turn around performance at its core bond-trading unit next month after unusual pressure from large investors frustrated by vague explanations of its troubles, people familiar with the matter told Reuters. More »
Goldman Sachs (GS.N) received approval on Sunday to trade equities in Saudi Arabia, joining the growing band of western investment banks and fund managers expanding in the kingdom. More »
FILE PHOTO: A sign is displayed in the reception of the Sydney offices of Goldman Sachs in Australia, May 18, 2016. REUTERS/David Gray/File Photo U.S. savers who routinely scour personal finance sites for the best deposit rates are soon going to see an unusual... More »
A sign is displayed in the reception of Goldman Sachs in Sydney, Australia, May 18, 2016. REUTERS/David Gray/File Photo For the first time in more than a decade, Goldman Sachs Group Inc (GS.N) has managed to avoid any proxy battles with activist shareholders b... More »
A sign is displayed in the reception of Goldman Sachs in Sydney, Australia, May 18, 2016. REUTERS/David Gray/File Photo Goldman Sachs Group Inc (GS.N), known for advising the world’s richest and most powerful, is building a so-called robo-adviser geared to mas... More »
A security guard walks in front of an image of the Federal Reserve in Washington, DC, U.S., March 16, 2016. REUTERS/Kevin Lamarque/File Photo Goldman Sachs economists said on Friday they stuck with their call that the Federal Reserve will increase interest rat... More »
A sign is displayed in the reception of Goldman Sachs in Sydney, Australia, May 18, 2016. REUTERS/David Gray/File Photo Technology whizzes who helped Goldman Sachs (GS.N) eliminate hundreds of trading jobs over the past few years are venturing into the bank’s ... More »
A sign is displayed in the reception of Goldman Sachs in Sydney, Australia, May 18, 2016. REUTERS/David Gray/File Photo – RTSS9SM Two U.S. senators are seeking details from Goldman Sachs Group Inc’s (GS.N) chief executive on the extent to which the bank’s empl... More »
Abby Joseph Cohen, Senior Investment Strategist Goldman Sachs, attends the Economic Club of New York Leadership Excellence Award in New York April 21, 2015. REUTERS/Eduardo Munoz Abby Joseph Cohen, the Goldman Sachs Group Inc strategist whose prescient, upbeat... More »
A sign is displayed in the reception of Goldman Sachs in Sydney, Australia, May 18, 2016. REUTERS/David Gray/File Photo Goldman Sachs Investment Partners (GSIP), which opened in 2008 with one of the biggest launches in hedge fund history, is folding its London... More »
A view of the Goldman Sachs stall on the floor of the New York Stock Exchange July 16, 2013. REUTERS/Brendan McDermid/File Photo Goldman Sachs has rejected allegations by an Indonesian businessman who is seeking $1.1 billion in damages from the U.S. bank for m... More »
A sign is displayed in the reception of Goldman Sachs in Sydney, Australia, May 18, 2016. REUTERS/David Gray/File Photo – RTX2UOJO Goldman Sachs Group Inc said its newly promoted co-chief operating officers and chief financial officer would each receive a $1.8... More »
A sign is displayed in the reception of Goldman Sachs in Sydney, Australia, May 18, 2016. REUTERS/David Gray/File Photo Goldman Sachs Group Inc has launched a new exchange traded fund that mimics the most popular stock bets made by hedge funds, the bank said o... More »
SINGAPORE Goldman Sachs’ (GS.N) senior investment banker and chairman of its Southeast Asia business Tim Leissner has left the bank, a spokesman said. Leissner helped arrange the sale of U.S. dollar bonds for Malaysian state investor 1Malaysia Development Bhd ... More »
NEW YORK In its latest push to broaden its allure among millennials, Goldman Sachs Group Inc rolled out a series of quick-hit recruiting ads on Snapchat on Friday, becoming the first major Wall Street bank to turn to the instant-but-fleeting messaging app for ... More »
