Former Goldman Sachs analyst given 22-month prison term for insider trading February 16, 2024 A former Goldman Sachs analyst who was found guilty of six counts of insider trading and three counts of fraud has been sentenced to 22 months in prison.
Allfunds partners with Goldman Sachs and Citigroup to strategise sale amid gauging takeover interest November 16, 2023 The fund distribution platform is looking at Civen, CVC Capital Partners and Permira as potential suitors, according to a report.
Goldman Sachs poised to slash headcount next month December 29, 2022 The chief of Goldman Sachs has warned staff he will slash the bank’s headcount by around eight per cent next month in a bid to bolster profits in the face of recession next year.
Goldman Sachs’ profit tanks on dealmaking slump and costs tied to consumer arm July 19, 2023 Goldman Sachs’s profit tanked in the second quarter as the investment banking giant continued to struggle with the downturn in M&A activity while booking rising costs. Profit in the second quarter fell to $1.1bn, 62 per cent lower than last year while revenue fell eight per cent. The drop was primarily driven by a decline [...]
Don’t stop the music, let Goldman Sachs chief DJ if he wants October 18, 2023 Goldman Sachs chief executive David Solomon will step down. No, not from his career at the top of the investment bank, but from what has been labelled his colourful side hustle – DJing. DJ-D Sol as he’s known on the circuit will only play privately for family and maybe friends after some of the stiff [...]
Why Goldman Sachs could soon be helping to sell your favourite sports team September 19, 2023 Goldman Sachs is betting on the flurry of investment in sports teams continuing by creating a dedicated global sports franchise division.
Goldman Sachs weighs investment adviser sale as it doubles down on ultra-rich clients August 21, 2023 Goldman Sachs is weighing the sale of a part of its wealth business catering to high net worth clients, it said on Monday, as it shifts its focus back to serving the ultra-rich. The Wall Street bank is evaluating alternatives for its registered investment adviser unit, called Personal Financial Management (PFM), which manages about $29bn (£22.8bn), [...]
Investment banking slowdown set to hit Goldman Sachs and Morgan Stanley results this week July 17, 2023 Goldman Sachs and Morgan Stanley will likely report another slowdown in profit on Wednesday and Tuesday respectively amid a continued slump in global dealmaking. Analysts at JP Morgan reduced their earnings per share estimates for Goldman Sachs and Morgan Stanley on “lower IB revenues…with limited cost offset”. The analysts cut Goldman Sachs’s EPS for the [...]
Goldman Sachs eyes bargain crypto firms as contagion spreads December 12, 2022 Data from CryptoCompare shows the price of Bitcoin traded sideways throughout this past week, dropping from around $17,300 to $17,000.
Goldman Sachs profits trimmed by sluggish deal making October 18, 2022 A sharp slowdown in deal making activity caused by the weakening global economic environment has squeezed investment banking giant Goldman Sachs’s profits, the firm announced today. Net earning applicable to common shareholders at Goldman over the three months to September fell to $2.96bn (£2.62bn). That is nearly half the $5.28bn (£4.67bn) notched by the Wall [...]