Boost for Britain as businesses commit to invest £30bn in UK November 27, 2023 Some of the world’s biggest businesses have committed to invest a total of nearly £30bn in Britain, the government has announced ahead of a major investment summit taking place today.
Goldman Sachs says US soft landing not guaranteed November 8, 2023 Goldman Sachs said diversification and risk management is going to be “critical” in 2024 as it encouraged investors to “expect the unexpected” next year.
US banks flag concerns over commercial real estate as debt distress reaches highest level in a decade October 19, 2023 The largest lenders in the US have been building their loss provisions in case loans to the commercial real estate sector turn sour over the coming months.
Goldman profit down over a third as boss David Solomon hopes for ‘recovery’ in dealmaking October 17, 2023 Investment banking fees climbed one per cent thanks to an improvement in revenue from debt and equity underwriting.
Goldman boss David Solomon retires high-profile DJ persona October 17, 2023 The Goldman boss, 61, decided to stop DJing a year ago and has not appeared at a notable event since Lollapalooza in Chicago last July.
Goldman, JP Morgan and Bank of America hit with fines for swap reporting failures September 30, 2023 The US Commodity Futures Trading Commission (CFTC) on Friday ordered Goldman Sachs, Bank of America and JP Morgan to pay a total of over $50m to settle charges of swap reporting failures and other violations, the agency said.
Goldman: Bank will likely hold rates after UK inflation surprise September 20, 2023 Goldman Sachs now expects the Bank of England to leave rates on hold tomorrow after this morning's surprise inflation reading.
‘Don’t be a TWaT’: Goldman orders staff to ‘work in the office five days a week’ August 23, 2023 Goldman Sachs has reminded its employees to come into the office five days a week as banks continue the fight to get staff back into the office. The Wall Street giant led the way in demanding that employees come back into work after the pandemic. Boss David Solomon has previously described homeworking as an aberration. [...]
Goldman Sachs weighs investment adviser sale as it doubles down on ultra-rich clients August 21, 2023 Goldman Sachs is weighing the sale of a part of its wealth business catering to high net worth clients, it said on Monday, as it shifts its focus back to serving the ultra-rich. The Wall Street bank is evaluating alternatives for its registered investment adviser unit, called Personal Financial Management (PFM), which manages about $29bn (£22.8bn), [...]
Goldman Sachs’ profit tanks on dealmaking slump and costs tied to consumer arm July 19, 2023 Goldman Sachs’s profit tanked in the second quarter as the investment banking giant continued to struggle with the downturn in M&A activity while booking rising costs. Profit in the second quarter fell to $1.1bn, 62 per cent lower than last year while revenue fell eight per cent. The drop was primarily driven by a decline [...]