Services inflation to ‘cool significantly’ paving the way for June interest rate cut April 2, 2024 Falling energy prices will help services inflation to "cool significantly" in the months ahead, paving the way for the Bank of England to start cutting interest rates in June, analysts at Goldman Sachs said.
Goldman Sachs-backed Petershill’s fee earnings hit by dealmaking slump March 26, 2024 Petershill Partners has posted a drop in earnings from its partner firms' fees amid a "challenging external backdrop" as higher interest rates stifled dealmaking last year.
Distressed commercial real estate debt outweighs reserves at six biggest US banks February 20, 2024 Commercial real estate has been an area of concern in the US for the last few years with the pandemic and the rise of flexible working denting office valuations.
Goldman Sachs: Former analyst guilty of insider trading and fraud February 15, 2024 A former Goldman Sachs analyst has been found guilty of six counts of insider trading and three counts of fraud following a London trial brought by the Financial Conduct Authority (FCA).
Labour will ‘get under the bonnet’ of Britain’s growth problem, Starmer to say January 31, 2024 Labour will “roll up our sleeves and get under the bonnet” to fix Britain’s stagnating growth problem, Sir Keir Starmer is set to tell bosses and CEOs.
Labour would host annual investment summit if elected, vows Jonathan Reynolds January 29, 2024 Labour would host an annual business summit to showcase Britain as a global investment destination, if elected into power, Jonathan Reynolds has pledged.
Goldman Sachs ended 2023 strongly despite investment banking weakness January 16, 2024 Goldman Sachs reported that profit jumped at the end of 2023 as the bank’s asset and wealth management arm helped offset continued weakness in investment banking. In the three months to December, the bank’s net earnings climbed 51 per cent to $2.0bn, up from $1.3bn in the same period last year. The jump in profit [...]
Goldman: Private equity will have to go ‘back to the future’ in new rate environment January 14, 2024 In the new world, Nachmann said a lot of the returns will come from "sourcing really good opportunities" and making "operational improvements".
Bad debt and high interest rates set to drag on US banks’ earnings January 8, 2024 Lenders are rebounding from share price dips in October as the US economy shows signs of resilience and the central bank pencils in multiple rate cuts this year.
Why Goldman Sachs predict ‘earlier and more aggressive’ interest rate cuts from central banks December 18, 2023 Goldman Sachs expects "earlier and more aggressive rate cuts" from central banks after a significant fall in inflation over recent months.