HSBC, Citi, Goldman and Deutsche Bank pause plans to return to office September 23, 2020 Banks have rushed to pause plans for staff to return to their UK offices following fresh government guidance on coronavirus. Deutsche Bank and Citigroup have also encouraged staff to return to work remotely amid concerns over rising Covid-19 cases. Read more: City firms begin to send workers home after new government rules The banks’ changes [...]
Goldman Sachs offers office perks as it ramps up return to work August 27, 2020 Goldman Sachs is laying on perks for staff members that return to work in its London offices as the US bank looks to bring workers gradually back to the City. The lender is offering perks including protective gear, free food and use of an on-site nursery for all employees who choose to return to its [...]
Goldman Sachs builds up 8.5 per cent voting rights in Metro Bank March 2, 2020 Goldman Sachs has built up 8.48 per cent voting rights in troubled British lender Metro Bank, according to regulatory filings. Metro Bank’s share price has collapsed almost 90 per cent since early 2019, when it disclosed an almost £1bn accounting error. The challenger bank plunged to a £131m loss last year following the scandal, which [...]
Goldman Sachs and Citigroup halt foreign business trips over coronavirus March 2, 2020 US banking giants Goldman Sachs and Citigroup have expanded their restrictions on business trips by staff in response to the coronavirus epidemic. Citigroup’s restrictions will now cover all international business trips “until further notice”, the bank said. Previously, it had only restricted travel to a select number of countries that had reported outbreaks of the [...]
Goldman Sachs-backed startup Neyber in talks with administrators February 20, 2020 A London-based startup that has been backed by Goldman Sachs is reportedly in talks with administrators in a bid to secure its long-term future. Neyber, a consumer finance provider that enables employees to borrow against their salaries, is in discussions with accounting firm BDO about a range of strategic options, Sky News reported. Possible outcomes [...]
Goldman Sachs ‘in talks’ to partner with Amazon on small business loans February 3, 2020 Goldman Sachs is reportedly in advanced talks with Amazon to offer small business loans in the US, as the Wall Street giant looks to the tech titan in a bid to break into the mainstream areas of financial services. Goldman Sachs has begun building technology that would allow it to offer loans to small and [...]
WPP kicks off £300m share buyback December 12, 2019 WPP today said it has entered into an agreement with Goldman Sachs to buy back up to £300m in shares, following its $4bn sale of market research firm Kantar. Shares are up just over two per cent on the news. The advertising giant said the share buyback programme will begin today and continue until 18 [...]
Goldman Sachs misses profit forecasts amid slump in advisory fees October 15, 2019 Goldman Sachs has missed Wall Street estimates for quarterly profit, amid fewer fees from advising on deals. Revenue at three of its four major business units fell in the most recent quarter, led by declines in investment banking due to fewer mergers and stock market floats. Goldman shares fell three per cent this afternoon. The [...]
Goldman Sachs-backed broadband firm to buy rival from Talk Talk August 28, 2019 A broadband network backed by Goldman Sachs is in discussions to buy a Fibrenation, a venture established by Talk Talk. Cityfibre is among a small group of bidders in the running to take over the company, Sky News reported. Read more: Full fibre broadband will power our next industrial revolution Around three parties, including other [...]
Goldman Sachs to combine private investing units June 17, 2019 Goldman Sachs is merging four separate units to create a $140bn private investing business, according to reports. The bank will combine units that invest in private companies, property and other hard-to-access deals, the Wall Street Journal reported. Read more: Saga shares rise as it partners with Goldman Sachs to offer savings products Goldman Sachs’ existing [...]