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All Goldman Sachs Articles

Goldman Sachs Asset Management Welcomes New Managing Directors – $GS $DIA $SPY $LTRN

As per reports, Goldman Sachs Asset Management has named Anupam Damani and Lindsay Rosner as managing directors for their fixed income and liquidity solutions division. Damani previously held the position of head of international and emerging markets debt at Nuveen, the asset management arm of TIAA...
Sep 14, 2023 View Article

Goldman Sachs Revises U.S. Recession Probability Down To 15% Amid Positive Economic Indicators – $GS $DIA $SPY $LTRN

As per reports, the Goldman Sachs (GS) has revised its estimate of the likelihood of a U.S. recession occurring within the next 12 months, reducing it from the previously forecasted 20% to 15%. The decision to lower this probability was attributed to the ongoing positive trends in inflation and the ...
Sep 13, 2023 View Article

John Greenwood Named Goldman Sachs Co-Head For Latin America & Investment Banking – $GS $DIA $LTRN

Reportedly, The Goldman Sachs Group, Inc. has chosen John Greenwood to assume the roles of co-head for Latin America and head of investment banking for the region. In addition to retaining his position as co-head of Americas structured finance, Greenwood will now take on these extra responsibilitie...
Aug 30, 2023 View Article

Goldman Sachs Welcomes Experienced Banker From Citigroup To Lead Credit Card Partnerships Unit – $GS $AAPL $C $INDP

According to reports, the Goldman Sachs Group, Inc. (GS) has selected an experienced banker named Bill Johnson from Citigroup (C) to head the division responsible for overseeing the company's credit card partnerships, which include notable names like Apple Inc. (AAPL) and General Motors (GM). In hi...
Aug 29, 2023 View Article

Goldman Sachs Anticipates Sluggish Growth & Higher Inflation, Warns Of Tougher Capital Markets – $GS $DIA $SPY $INVO

Reportedly, Goldman Sachs Group, Inc. (GS) is making preparations for a phase of slow growth and increased inflation, anticipating a challenging landscape for capital markets and financing as CEOs exercise caution. Although the U.S. economy has displayed resilience, investors still harbor concerns ...
Jun 15, 2023 View Article

Troy Broderick To Lead Global M&A Business As New COO At Goldman Sachs – $GS $DIA $BRQS

As per reports, Troy Broderick has been appointed as the new chief operating officer for the global mergers and acquisitions business at Goldman Sachs Group Inc (GS).  He will be taking over the position from Russ Hutchinson, who left the company in March to become the CFO of Ally Financial Inc. B...
May 24, 2023 View Article

Goldman Raises Forecast For EME – $GS $DIA $INVO

Reportedly,  Goldman Sachs Group, Inc. (GS) revised its forecast for emerging market equities (EME) upwards as it witnesses the developing world benefiting from the reopening of China's borders, improving European growth prospects and softening U.S. inflation. The bank sees MSCI's index of emerging...
Feb 09, 2023 View Article

Goldman Sachs Announces Plans For 1000’s Of Job Cuts Amid Economic Slowdown – $GS $DIA $INVO

As per reports, Goldman Sachs Group, Inc. (GS) is to start cutting thousands of jobs, expected to be just over 3,000. The bank had 49,100 employees at the end of the third quarter, after adding a large workforce during the coronavirus pandemic.  The layoffs are most likely to affect most major divi...
Jan 20, 2023 View Article

Swati Bhatia Goldman’s Consumer Banking Unit Head Exiting Role – $GS $DIA $INVO

Reportedly, the head of the Goldman Sachs Group, Inc. (GS) direct-to-consumer unit, Swati Bhatia, is stepping down from the role. Bhatia, a former PayPal executive, will retire from the partnership and become an advisory director. Formerly the chief payments risk officer at digital payments company ...
Jan 13, 2023 View Article

Former Bank of England Official Bradley Fried To Chair Goldman Sachs International – $GS $DIS $INVO

Reportedly, former Chair of the Court of the Bank of England, Bradley Fried, has been appointed as the chairman of Goldman Sachs (GS) International. Fried will replace Jose Manuel Barroso, who was the former European Commission president. Fried is expected to assume his role in February next year. ...
Dec 23, 2022 View Article

Goldman Sachs Approves Promotion Of 80 Bankers To Elite Rank – $GS $DIA $INVO

Reportedly, Wall Street Giant Goldman Sachs Group (GS) recently approved 80 bankers as partners including 21 in Europe, the Middle East, and Africa region, 53 employees in the Americas, and 6 in Asia. The promotions are up from 60 people in 2020. The racial breakdown for the 2022 class is 24% Asian,...
Nov 30, 2022 View Article

Goldman Sachs Partners Kava, Crampton To Exit Firm At Year-End – $GS $DIA $ATOS $INVO

Reportedly, Goldman Sachs Group, Inc. (GS) partners Alan Kava and Chris Crampton are retiring from the firm at year-end. Alan Kava, 57, joined the firm in 1997, and was the managing director in 2002, and became a partner in 2008. New-York based Alan Kava is currently chairman of Goldman Sachs Ass...
Nov 30, 2022 View Article

Goldman Sachs Appointed Former Starbucks CEO Kevin R. Johnson To The Board – $GS $SBUX $DIA $ATOS $INVO

As per reports, Kevin R. Johnson is to join as an independent director of the Goldman Sachs Group, Inc. (GS), effective October 26, 2022. The Board announced Mr. Johnson will also join as a member of each of the firm’s Compensation, Governance, and Risk Committees. Mr. Johnson retired in April 20...
Nov 30, 2022 View Article

Is Goldman Sachs Cutting Jobs Amid Economic Slowdown? – $GS $DIA $INVO

As per reports, Goldman Sachs Group, Inc. (GS) is to cut jobs this month after two years of the pandemic. The bank typically lays about 1% to 5% of its staff each year, and this year it plans to cuts in the lower end of that range. In July, the investment bank had warned it might slow hiring and cu...
Sep 27, 2022 View Article

Goldman Hires Elizabeth Burton As Its New Adviser For Asset Management Unit – $GS $DIA $INVO

As per reports, Goldman Sachs Group, Inc's  (GS) asset management arm has hired Elizabeth Burton to advise its institutional clients. Burton will be a managing director and client investment strategist at the Wall Street bank's client solutions and capital markets business in New York. Burton will ...
Sep 15, 2022 View Article

Jacqueline Arthur Succeeds Bentley de Beyer To Lead Goldman Sachs HR Unit – $GS $DIA $INVO

Reportedly, Goldman Sachs Group, Inc. (GS) has appointed Jacqueline Arthur, a 15-year veteran of the bank, to run human resources starting Jan. 1.  Arthur, 45, will take over from Bentley de Beyer, who has been the bank's global head of human capital management since early 2020. Jacqueline Arthur,...
Oct 06, 2022 View Article

U.S Major Goldman Sachs To Lift COVID Protocols Except For NY & Lima Offices – $GS $DIA $INVO

Reportedly, Goldman Sachs Group, Inc. (GS) to lift pandemic-era protocols at its offices effective Sept. 6. The new protocols will allow employees to enter the company's Americas offices regardless of vaccination status, except in New York City and Lima. However, the New York City employees are stil...
Sep 07, 2022 View Article

Goldman Appoints Australia’s Former Treasurer As Senior Adviser For Asia Pacific Region- $GS $DIA

Reportedly, Goldman Sachs Group, Inc. (GS) has appointed Australia's former Treasurer Josh Frydenberg as the bank's senior regional adviser for the Asia Pacific region. Frydenberg led Australia's economic response to COVID-19 in the previous Liberal-National coalition government, including planning ...
Jul 26, 2022 View Article

Goldman Sachs Reports Q2 Declining Profits – $GS $DIA

As per reports, Goldman Sachs Group, Inc. reported a profit drop of 47% in the second quarter, depicting the end of a pandemic-era boom in Wall Street deal activity. The bank earned $2.93 billion, down from $5.49 billion a year ago. Earnings per share of $7.73 exceeded the $6.56 a share estimate. Re...
Jul 22, 2022 View Article

Goldman Sachs Prepares To Further Diversify Its Workforce – $GS $DIA

Reportedly, the Goldman Sachs Group, Inc. (GS) has increased its diversity recruiting team and increased its budget by $10 million to meet its goals to add more Blacks, women, and Latinos to its workforce. The bank has included roughly 25 new recruiters focused on hiring diverse employees since the ...
May 17, 2022 View Article

Goldman Sachs’ Q1 Earnings Ride High On Wealth Management & Trading – $GS $DIA

As per reports, Goldman Sachs Group, Inc. (GS) reported a 43% drop in first-quarter profit but exceeded market estimates, as its wealth management performed strong and trading businesses partly offset a drop in equity underwriting as stock market listings dried up. Its global markets segment reporte...
Apr 25, 2022 View Article

Goldman Sachs Pushing To Hire Senior Investment Bankers In Singapore – $GS $DIA

Reportedly, Goldman Sachs Group, Inc. (GS) is boosting the hiring of its senior investment bankers in Singapore, as the U.S. lender looks to bolster its dealmaking capabilities in Southeast Asia. The firm has hired Chua Hui Yin from JPMorgan Chase & Co. to cover corporate finance and execution,...
Apr 21, 2022 View Article

Goldman Sachs Agrees To Acquire Chicago-based Fintech Firm NextCapital – $GS $DIA

As per reports, Goldman Sachs Group, Inc. (GS) is set to acquire NextCapital, a Chicago-based fintech firm that provides automated advice to corporate retirement plan participants. The acquisition is among the top five asset management deals New York-based Goldman has done. The deal offers Goldman a...
Apr 11, 2022 View Article

Wall Street Giant Goldman Sachs Exits Russia – $GS $DIA

As per reports, Goldman Sachs Group, Inc. (GS) became the first Wall Street bank to close its operations in Russia and exit the country following Moscow's invasion of Ukraine. Operating in Moscow has been increasingly difficult for Western financial institutions amid international sanctions against ...
Mar 10, 2022 View Article

Is Goldman Seeking The Return Of Bonuses From Bankers Leaving The Bank? – $GS $DIA

As per reports, The Goldman Sachs Group, Inc. (GS)  is looking for ways such as seizing vested pay to discourage top bankers from leaving. The U.S major is looking at confiscating vested stock of Omer Ismail and David Stark, both of who left the bank last year. Additionally, Goldman is also pullin...
Feb 27, 2022 View Article

Goldman Sachs Q4 Profits Drop Amid Surging Expenses & Equities Trading Slowdown – $GS $DIA

The Goldman Sachs Group, Inc. (GS) fourth-quarter reported a 13% decline in profits from a year earlier to $3.94 billion, or $10.81 a share, below the $11.76 analyst estimate. Revenue of $12.64 billion was reported versus $12.08 billion expected. The bank’s operating expenses surged 23% on higher ...
Feb 06, 2022 View Article

Goldman Sachs Joins Other Wall Street Banks Delaying Employees Return To Office As Omicron Spreads

Reportedly, Goldman Sachs Group, Inc. (GS) is encouraging its U.S. staff to work from home until Jan. 18, as the Omicron variant spreads. However, the offices will continue to remain open with previously announced COVID-19 safety protocols such as vaccine requirement, booster requirement for all eli...
Jan 06, 2022 View Article

Goldman Sachs Issues Mandate For Its U.S. Employees To Get Booster Shots – $GS $DIA

As per reports, Goldman Sachs Group Inc. (GS) will require its employees and visitors to its U.S. offices receive booster shots of the COVID-19 vaccine starting next year. The spokesperson informed that starting next year February, anyone eligible to receive a booster shot must have obtained one in ...
Dec 29, 2021 View Article

Goldman Sachs Announces Increased Employee Benefits To Attract & Retain Talent

Reportedly, Goldman Sachs Group, Inc. (GS) is offering a series of benefits for its employees, in an attempt to ease the strain on its workers and attract talent. The bank is increasing its retirement fund, matching contributions for U.S. employees to 6% of total compensation, making a jump of 2%. T...
Dec 01, 2021 View Article

Goldman Sachs Promotes Diversity In Hiring

As per reports, Goldman Sachs Group, Inc. (GS) has promoted 643 people to managing director, the bank's second-highest rank behind a partner, which included a higher proportion of female, Black, Asian, and Latino workers. The bank believes that more Black, Latino, and female professionals are to be...
Nov 05, 2021 View Article

American Express & Goldman Collaborating To Offer Businesses Integrated Digital Payments Solutions

Reportedly, American Express (AXP) and Goldman Sachs (GS) Transaction Banking announced a collaboration to provide large corporate clients with a cloud-based payments solution that will support multiple payment options and also offer analytics and data in one integrated platform. The collaboration w...
Oct 25, 2021 View Article

Goldman Sachs Beats Estimates As IBank Revs Surge Nearly 90%! – $GS

Reportedly, Goldman Sachs Group, Inc. (GS) reported their Q3 results, which exceeded analysts’ expectations, as investment banking revenue surged nearly 90%. Earning Highlights: Earnings of $14.93 a share were reported versus $10.18 estimated. Revenue of $13.61 billion was reported, a 26% i...
Oct 18, 2021 View Article
Goldman Acquiring Fintech Firm

Goldman Acquiring Fintech Firm GreenSky For $2.24B

As per reports, Goldman Sachs Group Inc. (GS) is buying Atlanta-based, GreenSky Inc. for about $2.24 billion, extending its Marcus consumer-banking platform, a company offering payment plans to customers with home-improvement projects or health-care needs. The bank will pay 0.03 share of its common ...
Sep 17, 2021 View Article
Stephen Scherr

Goldman Announces Appointment Of New CFO To Succeed Stephen Scherr

Reportedly, Goldman Sachs Group Inc. (GS) has appointed Denis Coleman, as its chief financial officer effective year-end and is taking over from current CFO Stephen Scherr, 57. Coleman, 47, is currently serving as the co-head of the global financing group in Goldman's investment banking division. Go...
Sep 16, 2021 View Article
Goldman Sachs & Aareal Capital Corp Behind $500

Goldman Sachs & Aareal Capital Corp Behind $500 Million Beverly Hilton & Waldorf Astoria Condo Project Refinancing

Reportedly, The Beverly Hilton and adjacent Waldorf Astoria obtained $500 million in refinancing from Goldman Sachs Group Inc. (GS) and Aareal Capital Corp. as the owners are preparing to build a neighboring condo and hotel complex in Beverly Hills, California. According to a statement Aareal, a un...
Aug 24, 2021 View Article

Goldman Sachs Reports Strong Q2 Beating Estimates – Raises Dividend

The Goldman Sachs Group, Inc. (GS) reported strong Q2 earnings this week that exceeded Wall Street expectations, riding high in investment banking amid a robust IPO market. The bank reported earnings of $15.02 per share vs. $10.24 expected & Revenues stood at $15.39 billion versus $12.17 billion...
Jul 13, 2021 View Article

Cisco & Goldman Sachs Announce ESG Conference Call/Webcast For June 22

Reportedly, Cisco & Goldman Sachs will host an Environmental, Social, and Governance Webcast / Conference Call on June 22, 2021, at 11:00 a.m. ET (8:00 a.m. PT/4:00 p.m. BST) for the Financial Community. Senior Vice President, Corporate Affairs, Tae Yoo, will discuss Cisco's Corporate Social R...
Jun 21, 2021 View Article

Goldman Sachs Wins China Approval For Joint Wealth Management Venture With ICBC

Reportedly, China has approved the Goldman Sachs Asset Management Unit and Industrial and Commercial Bank of China (ICBC) joint venture to set up a foreign-controlled wealth management firm. The unit of Goldman Sachs Group Inc will offer a 51% funding contribution ratio, while the wealth management ...
May 27, 2021 View Article

Goldman’s Consumer Business CFO, Sherry Ann Mohan To Join JPMorgan Chase Business Banking Unit

As per reports, JPMorgan Chase & Co (JPM) has hired Sherry Ann Mohan as the chief financial officer of its business banking unit, formerly MD, and CFO for Goldman's (GS) consumer business. Mohan served at Goldman's consumer business, which includes Marcus and Apple Card. Sherry Ann Mohan's depa...
May 19, 2021 View Article

Goldman Sachs Reports Q1 Earnings, Exceeding Market Expectations

Reportedly, the Goldman Sachs Group, Inc. (GS) reported first-quarter net profits and revenues, beating analysts’ estimates driven by a strong performance from the firm’s investment banking and trading businesses. “We have been working hard alongside our clients in preparation for a world b...
Apr 15, 2021 View Article

Goldman Sachs Preparing London Staff To Return Office

As per reports, Goldman Sachs Group Inc (GS) is preparing the return for hundreds of staff back in its London office, after Easter Break, as companies now expect normal working conditions during the COVID-19 pandemic. Nearly 200 of Goldman's 6,000 London employees are expected to return to the offic...
Apr 07, 2021 View Article

Goldman May Soon Offer Bitcoin To Wealth Management Clients

Goldman Sachs Group Inc (GS) is reportedly planning to offer investment vehicles for Bitcoin and other digital assets to its private wealth management unit clients.  ″We are working closely with teams across the firm to explore ways to offer thoughtful and appropriate access to the ecosystem f...
Apr 08, 2021 View Article

Goldman Considering Take Over Of JetBlue’s Credit Card Business

As reported in the Wall Street Journal, Goldman Sachs Group Inc. (GS) is in talks with JetBlue Airways Corp to take over its credit card program. The bank is competing with Barclays PLC, which is the current issuer of JetBlue's credit cards and is reportedly in talks with the low-cost airline to str...
Mar 23, 2021 View Article

Goldman Sachs Partner Matthew Verrochi To Be New Co-Head Of Fixed-Income Sales

Reportedly, Goldman Sachs Group Inc. (GS) has promoted Matthew Verrochi to lead fixed-income sales in the Americas alongside Av Bhavsar amid a leadership shuffle. Matthew Verrochi, with 17-year service to the firm, previously served as the regional head for the trading division in San Francisco. Mat...
Mar 18, 2021 View Article

Goldman Sachs’ Head Lawyer Karen Seymour Exits Position

As per the Bloomberg report, Goldman Sachs Group Inc's (GS)  general counsel Karen Seymour is leaving the bank. Seymour played a pivotal role in the bank's negotiations to settle U.S. and international investigations into the role Goldman Sachs bankers played in Malaysia's 1MDB corruption scandal. ...
Mar 03, 2021 View Article

Colleen Foster, Goldman’s Global Head Of Commodities Finance Is Retiring

Reportedly, Colleen Foster, global head, commodities finance solutions, Goldman Sachs Group Inc (GS) is retiring after serving the firm for more than twenty years. She joined Goldman Sachs in 1999 as a vice president in energy sales and was named partner in 2006. Foster's last role was in investmen...
Feb 25, 2021 View Article

Goldman Launches Marcus Invest An Automated Wealth-Management Platform

Reportedly, Goldman Sachs Group Inc. (GS) is launching an automated wealth-management platform responsible to rebalance and allocate customers' wealth across portfolios of bonds and stocks. The bank informed consumers can open an account with Marcus Invest with a minimum of $1,000 and will be charge...
Feb 17, 2021 View Article

Goldman Sachs Reports Strong Q4 Earnings Riding High On Equities Trading & Investment Banking

Wall Street giant, Goldman Sachs Group, Inc. (GS) reported Q4 earnings recently, exceeding market estimates as they rode high on equities trading and investment banking. The bank reported EPS of $12.08 versus. $7.47 expected. Net revenue of $11.74 billion was reported versus. $10.07 billion expected...
Jan 26, 2021 View Article

Goldman Inks Deal For General Motors Credit-Card Business

Reportedly, Goldman Sachs Group Inc. (GS) has signed a deal to take over General Motors Co.’s credit-card portfolio. Goldman Sachs will be the issuer for the automaker’s credit-card program with an expected start  date in  September. Mastercard Inc. will remain the network for the cards. ...
Jan 19, 2021 View Article

Goldman & Marqeta Partnering Personalized & Feature-rich Digital Banking Services

As per reports, The Goldman Sachs Group, Inc. (GS) has partnered with the card-issuing startup Marqeta to develop digital checking accounts set to launch this year. The bank expects the partnership will enable it to offer more personalized and feature-rich digital banking services to its customers....
Jan 18, 2021 View Article

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