Why Goldman Sachs predict ‘earlier and more aggressive’ interest rate cuts from central banks December 18, 2023 Goldman Sachs expects "earlier and more aggressive rate cuts" from central banks after a significant fall in inflation over recent months.
Goldman Sachs to make another round of job cuts as dealmaking slump continues – reports May 31, 2023 Goldman Sachs is considering another round of job cuts over the next few weeks as the drought in dealmaking continues to weigh on performance. According to Reuters, the layoffs – which would total not more than 250 – could include senior figures like partners and managing directors. The news was first reported by the Wall [...]
Inflation to top Bank of England target until at least 2026, Goldman Sachs warn May 30, 2023 Inflation in the UK is set to top the Bank of England’s target for at least the next three years, likely forcing governor Andrew Bailey and co to tip the country into recession via yet more interest rate rises, a top Wall Street bank has warned. Researchers at Goldman Sachs late last night hiked their [...]
Goldman Sachs considers selling consumer platforms unit as it searches for stable revenue February 28, 2023 Goldman Sachs is considering selling its consumer platforms business but remains committed to wealth management as it searches for a more stable source of revenue, boss David Solomon said today. Speaking at an investor day on Tuesday, the bank’s chief executive said, according to reports, the bank was exploring “strategic alternatives” for parts of its [...]
The Notebook: Rupak Ghose on the FTSE’s struggles, Goldman Sachs morale and the ludicrousness of LinkedIn ‘extreme CEO’ routines August 30, 2023 The fintech advisor on reinvigorating the stock market, fintech's payments problem and why nobody actually gets up at 4am to meditate
Goldman Sachs boss David Solomon remains ‘passionate’ about making music, but DJ hobby became a ‘distraction’ November 28, 2023 Goldman Sachs chief executive David Solomon has said that he retired his high-profile DJ hobby because it was becoming a “distraction” from his leadership of the US investment bank.
Goldman Sachs to axe more than 3,000 bankers in just days January 9, 2023 Wall Street banking giant Goldman Sachs will axe 3,200 workers in just days to protect its finances from a likely recession in the US and a slowdown in global deal making. The lender is expected to shrink its staff force by around 6.5 per cent and will tell workers on Wednesday if they are part [...]
US could default in just a couple weeks unless debt ceiling is raised, Goldman Sachs warns May 22, 2023 The US could run out of cash to pay its lenders as soon as 8 June unless policymakers agree to lift the debt ceiling, top Wall Street economists have estimated. It is expected that the emergency measures the US Treasury has been leaning on to meet its short-term debt obligations could run dry in just [...]
Goldman Sachs to slash underperforming £48bn investment book amid profit crunch January 23, 2023 Wall Street titan Goldman Sachs could shift billions of dollars worth of underperforming private equity and real estate investments that have dogged its finances, its top money manager hinted today. In an interview with Reuters, Julian Salisbury, chief investment office of asset and wealth management at the firm, said the bank will “see a meaningful [...]
Goldman Sachs warns EU risks clean energy exodus as US lures investment January 10, 2023 Europe risks an exodus of clean energy investment to the US, unless it brings in its own inflation strategy, warns Goldman Sachs.