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 [...]
HSBC, Goldman Sachs and Barclays are among the banks being investigated for gold price rigging February 24, 2015 The US is looking into whether the world's biggest banks have rigged the prices of precious metals such as gold, silver and platinum. The Department of Justice (DoJ) and Commodities and Futures Trading Commission (CFTC) have launched the investigation following of a series of scandals in which banks altered benchmark rates to make [...]
Goldman Sachs discloses Californian probe and ramps up legal loss estimate February 23, 2015 Goldman Sachs said officials in California are investigating its pre-financial crisis sale of mortgage-backed bonds, while raising the top end of its estimate of "reasonably possible" legal losses to about $3bn from $2.5bn. Goldman referred to a letter received in December from the US Attorney for the Eastern District of California saying it had "preliminarily [...]
Spotify hires Goldman Sachs in hopes of raising $500m January 29, 2015 Spotify is hoping to raise more cash and has hired the world's most famous investment bank Goldman Sachs to do it. The music streaming company has probably delayed its long-awaited public listing by pursuing this round of financing. Spotify has said it wants to raise $500m. The financing would value Spotify near $6bn people familiar [...]
Goldman Sachs president: Britain remaining in Europe is “best for all of us” January 24, 2015 Gary Cohn, president of Goldman Sachs, has urged Britain to stay in the EU in order for London to maintain its status as a “great financial capital of the world”. The president of the US investment bank has argued that a Brexit could be bad news for the city as financial firms want to [...]
Uber raises $1.6bn from Goldman Sachs clients January 21, 2015 Uber has raised $1.6 billion in financing from the clients of Goldman Sachs’s private wealth arm, adding even more cash to its ever-expanding pile. This comes months after the popular taxi-app raised $1.2 billion from big institutions, and one investment valued the company at a weighty $41.2 billion, the Financial Times reported. The cash will be used [...]
Goldman Sachs revenues down 12 per cent January 16, 2015 Goldman Sachs shares fell 1.8 per cent in pre-market trading after it posted figures showing revenues had fallen 12 per cent to $7.96bn (£5.23bn) in the three months to the end of December, as revenues in its fixed income business dropped 29 per cent to $1.2bn. The investment bank said profits fell to $2.17bn or [...]