Oil crashes to new six-year low after Goldman Sachs cuts forecasts January 12, 2015 Oil crashed to a new six-year low after Goldman Sachs became the latest banking giant to cut forecasts, saying the price of the black stuff must fall further if it's to discourage investment in its rival shale gas. Brent crude broke the $48 per barrel mark this afternoon taking it to its lowest level since [...]
Goldman Sachs: Tories will win 2015 General Election January 6, 2015 Banking giant Goldman Sachs has called the next election in favour of the Conservatives, adding that while the result remains uncertain, David Cameron’s party is more likely than Labour to form the next government. In a note distributed to clients, three of the bank’s analysts wrote that while the influence of parties like Ukip and [...]
Goldman Sachs forecasts Tories will win the 2015 General Election January 6, 2015 Journalists, pundits and pollsters are widely agreed that this year's General Election is the most unpredictable in decades. The rise of the SNP in Scotland, Ukip in England, the Greens threatening Labour's left flank, coupled with a general loathing of Westminster establishment politics, is leaving most commentators unable or unwilling to give their predictions. However, [...]
Top Goldman Sachs bankers are the best paid in the UK, earning £3m January 2, 2015 It's official: Goldman Sachs workers were the best paid bankers in the UK in 2013, according to analysis by the Financial Times. Goldman paid its top 121 UK-based employees £3m a piece on average, of which 85 per cent came in the form of bonuses. The 121 are so-called “code” employees, meaning their earnings [...]
Uber hires Goldman Sachs to power up its fundraising drive December 1, 2014 Uber has hired Goldman Sachs to help it raise funds from some of the bank's richest clients. It is offering financial products that could raise hundreds of billions of dollars, and help aid Uber's future international expansion plans, Fortune has said. This is separate to a previous report from Bloomberg, which said Uber was in [...]
Bankers, watch out for the robots: Goldman Sachs has invested in a company that could use algorithms instead of analysts November 24, 2014 Bankers are often described as having robot-like qualities. With their ability to work all hours without running out of energy, their ruthless efficiency and mathematical skill, there are plenty of comparisons to be made with the machines. But now, they could actually become robots. According to the FT, Goldman Sachs has invested $15m, in [...]
10 themes Goldman Sachs thinks will dominate markets in 2015 November 20, 2014 It's the most wonderful time of the year – the time banks, analysts and other finance futurologists dust off their crystal balls and start trying to work out what the market's going to be thinking about next year. Goldman Sachs has got in there early, with its "Top 10 market themes for 2015" research note. [...]
Goldman Sachs’ share of new female partners steadies November 12, 2014 Investment bank Goldman Sachs yesterday revealed it had appointed 78 new partners, bringing the total number of partners to 467, or about 1.6 per cent of total current headcount. Women make up 11 of the 78, up slightly from the 10 women in 2012, but flat proportion-wise at 14 per cent of the intake. Meanwhile, [...]
Goldman Sachs brings bad news for the French economy October 17, 2014 One of the world's biggest investment banks is asking some probing questions about France's beleaguered economy. Last week, President Francois Hollande's socialist government suffered a fresh blow when rating agency Standard & Poor's cut its credit outlook to negative due to the country's sluggish performance. Here's what Goldman Sachs thinks the future holds for the [...]
Goldman Sachs’ share price flops despite better-than-expected profits and revenue October 16, 2014 Goldman Sachs’ share price flopped in early morning trading, even after the investment bank’s third-quarter earnings and revenue smashed analysts’ expectations. Shares in the New York-based investment bank opened around two per cent down on last night’s closing price of $177.42. Net earnings for the three months ended September 30 came in at [...]