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 [...]
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 [...]