Goldman Sachs-backed flexible working startup Coople raises $21m October 25, 2018 On-demand staffing startup Coople has today announced the close of its latest funding round at $21m (£16.3m), backed by One Peak Partners, Goldman Sachs Private Capital and Harbert European Growth Capital. Based in Zurich and in London, Coople's platform matches workers looking for flexible jobs based on their experience, star rating, location and availability with registered companies [...]
There’s nothing to fear from the latest easing back of Dodd-Frank’s reach October 17, 2018 Shortly after his inauguration as President, Donald Trump pledged to do “a big number” on Dodd-Frank regulations, labelling the post-crisis measures “a disaster” and promising to “kill” parts of the legislation. While the rhetoric was typically Trumpian, the reality has proven to be somewhat more modest. Nonetheless, a change in the White House's direction of [...]
Canary Wharf’s Citigroup skyscraper goes up for £1.2bn sale October 16, 2018 London's iconic Citigroup tower is being put up for sale for roughly £1.2bn, in a sign that the capital’s buoyant commercial property market shows no sign of slowing down. Sources confirmed to City A.M. tonight that AGC Equity Partners is putting the skyscraper at 25 Canada Square on the market five years after it bought [...]
Goldman Sachs profits beat expectations as investment banking revenues jump October 16, 2018 Goldman Sachs beat expectations in the third quarter as revenues at its investment banking units surged in Lloyd Blankfein's final quarter as chief executive. The US investment banking giant beat expectations across the board, with net income of $2.45bn (£1.86bn) almost 20 per cent higher than the analyst consensus. Revenues came in at $8.65bn for [...]
Talk of a US recession in 2020 is a little premature October 16, 2018 Several analysts have come out of the woodwork in the past few weeks predicting not just a US growth slowdown, but the start of a recession in 2020. These calls were amplified after a week of stock market volatility. Bond vigilantes are pointing to rising real yields (that have been adjusted for inflation), while bear [...]
HSBC hiring senior former JP Morgan banker to co-head its global investment bank October 11, 2018 HSBC is set to announce the hire of a senior former JP Morgan banker to co-head its global investment bank. It is understood that the hire of Greg Guyett, who held senior roles at JP Morgan in the UK, US and Asia, will be announced in the next few days. Guyett’s hire, first reported by [...]
Goldman Sachs to open first non-London UK office October 11, 2018 Goldman Sachs is set to open an office in Milton Keynes – the investment bank's first UK office outside of the capital – to serve as a customer centre for its new retail banking platform Marcus. The office, which will open in summer 2019, will initially house 150 staff with the option to extend employee numbers to [...]
Royal Bank of Scotland introduces 1.5 per cent savings rate days after Goldman Sachs October 11, 2018 Royal Bank of Scotland (RBS) today announced a new savings rate of 1.5 per cent just weeks after Goldman Sachs entered the British market. The instant access savings account will pay the annual rate, which will put it near the top of the best-buy tables for some customers, up to the first £10,000, whereas Goldman's [...]
N Brown shares plunge as ‘disappointing’ offline sales hit revenues October 11, 2018 Fashion retailer N Brown took a kicking from investors at the opening bell this morning, as its share price dived more than 20 per cent amid a “disappointing” set of results. The JD Williams and Simply Be owner revealed a drop in product revenue during the six months to 1 September, as offline sales dragged [...]
Does Goldman Sachs retail bank Marcus really warrant all the hype? October 10, 2018 Marcus sounds worlds apart from the financial beast that is Goldman Sachs. But that’s the point – Marcus is meant to sound approachable, a bank for normal people. Named after one of the company’s founders, Marcus Goldman, this new challenger bank has proved popular since it first launched in the US back in 2016. It’s also [...]