Goldman Sachs is launching an online lending platform for small businesses June 16, 2015 Goldman Sachs is launching an online lending business for consumers and small businesses, according to an internal memo. It will allow the bank to provide loans more quickly via the internet, helping it to compete with the likes of the Lending Club, for which it was a lead underwriter only six months ago. The [...]
Goldman Sachs’ support staff lead salary and bonus rankings again June 3, 2015 BACK office bankers are best paid at Goldman Sachs, according to a study of salaries and bonuses in the sector from Emolument.com. Staff in support functions at the prestigious investment bank receive an average salary of £87,000 with an average bonus of £38,000, taking total pay up to £125,000. The next biggest bonuses is at BNP [...]
The banks which pay the biggest bonuses: Goldman Sachs, Morgan Stanley, Bank of America, JP Morgan and Citi May 27, 2015 US banks are paying their London staff a higher bonus on average than their UK counterparts. Goldman Sachs, Morgan Stanley, Bank of America, JP Morgan and Citi took the top five spots of a new survey by salary benchmarking website Emolument, while British-based banks HSBC and Barclays came eighth and 11th respectively. While there's no official data on banker [...]
Goldman Sachs slashes its oil price forecast for the next five years May 18, 2015 The good news is that after months of falls, oil prices have begun to tentatively rise (although that was thanks to fighting in Yemen and Iraq). The bad news is that Goldman Sachs doesn't think it's going to last: the investment bank has slashed its oil price forecasts for the next five years. In a [...]
George Osborne gives Goldman Sachs alum Jim O’Neill top Treasury job May 14, 2015 Former Goldman Sachs chief economist Jim O’Neill has been given a peerage and a top job in George Osborne’s treasury. The chancellor of the exchequer tweeted yesterday afternoon: “I am delighted to confirm Jim O’Neill as the new commercial secretary to the treasury to make devolution and the Northern Powerhouse happen.” https://twitter.com/George_Osborne/status/598855150640472064 Lord O’Neill, [...]
Goldman Sachs vs Sonia Pereiro-Mendez: Bank signs deal over £2m sex discrimination claim April 21, 2015 US investment bank Goldman Sachs yesterday agreed an out-of- court settlement with London-based analyst Sonia Pereiro-Mendez who had claimed that its sex discrimination had cost her almost £2m in bonuses. Details of the payout were not disclosed after the agreement was struck just hours after it was due to go into its second day. The [...]
Goldman Sachs settles sex discrimination case with City high flyer April 21, 2015 The Goldman Sachs banker who sued her former employer over claims of discrimination has settled with the bank out of court, it was confirmed this morning. Ms Sonia Pereiro-Mendez, who failed to turn up for her tribunal against Goldman today at the Central London Employment Tribunal, left a tribe of journalists and photographers [...]
Goldman Sachs just a posted stellar set of first quarter results April 16, 2015 Investment bank Goldman Sachs kicked off earnings season Stateside with a strong set of first quarter results, thanks to a flurry of trading by its fixed-income and currencies desks. The bank beat expectations with earnings of $2.75bn (£1.84bn), or $5.94 per share, in the three months to March. Analysts polled by Reuters had been expecting $4.26 [...]
Barclays Investment Bank poaches Goldman Sachs man Phil Shelley February 26, 2015 Barclays has poached Phil Shelley from Goldman Sachs to work in its investment arm in a senior UK banking role. In his job as managing director at Goldman, Shelley worked on IPOs last year including Saga and Virgin Active. He was also previously a joint-head of corporate broking at UBS. However, it is thought his [...]
Cushman & Wakefield calls in Goldman Sachs and Morgan Stanley to seek £1.3bn sale February 25, 2015 Real estate giant Cushman & Wakefield has called in bankers at Goldman Sachs and Morgan Stanley to seek a private sector buyer, it was reported this morning. Property industry bible Property Week reported that the group could be sold for as much as £1.3bn. The company had been subject to rumours it could merge with rivals [...]