Business
Goldman Sachs’ profit rises on dealmaking, trading strength
Its profit attributable to common shareholders rises to US$4.4 billion in Q4, from US$3.9 billion a year before [BENGALURU/NEW YORK]…
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Goldman
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Goldman, JPMorgan and UBS lead Golden Goose’s buyout debt
Temasek Holdings will take a minority stake in the Italian high-end sneaker producer Goldman Sachs, Group JPMorgan Chase and UBS Group are…
Business
Goldman Sachs plans more job cuts to boost savings, leverage AI push
Goldman Sachs Group told staffers to expect an additional round of job cuts this year as the bank seeks further savings across its…
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Goldman Sachs opens new Mumbai office with bigger footprint
India’s financial sector is seeing a renewed wave of global interest from Wall Street lenders and private equity giants Goldman Sachs…
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Citi joins Goldman in asking junior bankers to reveal if they accepted other jobs
Citigroup’s move echoes steps by other investment banks to dissuade analysts from leaving after short stints Citigroup is asking its new…
Business
Goldman CIO service suddenly catches on in Japan after 10 years
It took more than a decade of trying, but Goldman Sachs last year landed the first client for its business of helping institutions manage…
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Goldman Sachs expects stronger yuan to boost Chinese stocks
The People’s Bank of China has sought to keep the yuan stable and add support to the economy via interest-rate cuts ESE stocks are…
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Chinese steel exports to drop as barriers mount: Goldman
Domestic consumption is forecast to fall 2% in 2025 to 839 million tonnes, the fifth straight year of decline blowout in Chinese steel…
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Goldman sees central banks buying more renminbi, won, Singapore dollars
South Korea, Singapore and China’s currencies are likely to be the biggest Asian beneficiaries as central banks look to diversify their…
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Citi picks Goldman Sachs’ Christopher Chan to head Asia-North and South markets solutions for financial institutions
Citi on Friday (Apr 25) announced that former Goldman Sachs banker Christopher Chan will be its new Asia-North and South head of markets…
Business
Good Luck Getting Goldman Sachs to Even Say the Word ‘Tariff’
Goldman Sachs on Monday revealed its latest financial results and outlook for the future, and in a deft feat of linguistics, its…
Business
Goldman Sachs’ profit jumps as traders deliver gains
Goldman Sachs reported a 15 per cent rise in first-quarter profit as market volatility led to record revenue in equities trading and…
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Goldman cuts targets on China stocks for second time this month
The firm has long been bullish, often going against the tide during the market’s multiyear slump Strategists at Goldman Sachs cut their…
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Goldman is opening up private equity deals to rich individuals
Goldman Sachs Group is expanding its private equity offering to wealthy individuals across Wall Street and beyond, in the latest sign of…
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Insurers brace for inflation, shift towards private assets: Goldman Sachs survey
While inflation remains a pressing concern for most insurers, their appetite for private assets remains robust. Despite the economic…
Business
Goldman hoists gold target to US$3,100 on central-bank demand
GOLDMAN Sachs Group raised its year-end gold target to US$3,100 an ounce on central-bank buying and inflows into bullion-backed…
Business
JPMorgan, Goldman CEOs resist calls to roll back DEI programmes
JPMORGAN Chase and Goldman Sachs are pushing back on demands to roll back their diversity initiatives. In television appearances on…
Business
Goldman Sachs starts infrastructure fund for wealthy individuals
GOLDMAN Sachs Group’s alternative investment arm is launching a global infrastructure fund for wealthy individuals, as it ramps up efforts…
Business
Goldman Sachs picks leaders to run Wall Street engines in major revamp
GOLDMAN Sachs Group is preparing to promote a slate of star executives to run its biggest Wall Street business lines, spotlighting the…
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Goldman Sachs boosts CEO pay to US$39 million, lines up five more years at helm
Goldman Sachs raised CEO David Solomon’s compensation 26 per cent to US$39 million for last year, according to a filing, and its board…
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Goldman rakes in record wealth revenue from ultra-rich in Asia
GOLDMAN Sachs’s revenue from its Asia-Pacific wealth unit hit a record last year as ultra-rich clients turned to the bank to navigate…
Business
Apple in talks with Barclays, Synchrony to replace Goldman in credit card deal: sources
APPLE is in talks with Barclays to replace Goldman Sachs as the tech giant’s credit card partner, said two sources familiar with the…
Business
JPMorgan Chase, Wells Fargo and Goldman Sachs Report Big Profits
A swath of the nation’s largest lenders, including JPMorgan Chase, Wells Fargo and Goldman Sachs, reported quarterly and annual financial…
Business
Goldman Sachs beats profit estimates; Wells Fargo benefits from dealmaking rebound
The investment bank’s shares rose 2.6% before the bell on Wednesday, while Wells Fargo’s profit was powered by a rebound in dealmaking…