Displaying 415 results
Goldman says cash pile will drive equity allocations to new high
Record allocations by households, foreign investors, mutual and pension funds are set to climb even higher in 2022, Goldman strategists led by David Kostin wrote in a note Friday.
Goldman Sachs traders deliver surprise surge
The firm's trading operation posted a 23% increase in revenue, while its consumer and wealth management business pulled in $2.02 billion, up 16% from a year earlier.
Goldman cuts US growth forecasts into 2022
The two main challenges to growth in the medium-term were a slowing of fiscal support and the need for spending on services. The declines were mostly offset by upgrades to projections for the following two years.
Goldman Sachs hires tech veteran Cynthia Loh from Charles Schwab
Loh served as vice president of digital advice and innovation and oversaw the Intelligent Portfolio automated advice platform at Schwab. The hire emphasizes the bank’s recent push to utilize technology offerings to serve the mass affluent market.
Goldman Sachs buys Dutch money manager in $1.9 billion deal
The acquisition of NN Investment Partners boosts the bank's European ties and gives it a toehold in the sustainable investing industry; about three-quarters of NN's investments are backed by ESG criteria.
Goldman spinoff Simon Markets raises $100 million in latest funding round
The financial technology platform, which provides financial advisers with access to alternative investments, saw its valuation top $800 million with the funding round led by WestCap.
Nasdaq teams with Citi, other banks on market for private stocks
Nasdaq Inc. has formed a joint venture with Citigroup Inc., Goldman Sachs Group Inc. and Morgan Stanley to establish a trading venue for shares of closely held companies.
Goldman Sachs advisory revenues skyrocket 83% year over year
The firm's investment banking business, including financial advisory, helped propel second-quarter revenues.
Kestra hires Kara Murphy as CIO
The former executive at Goldman Sachs and AIG will head the firm's new investment effort, Kestra Investment Management.
Supreme Court gives Goldman chance to end shareholder suit
The justices set aside a federal appeals court ruling in a lawsuit that accuses the company of misleading shareholders by masking conflicts of interest related to mortgage-backed securities it sold. Goldman argued the case made it too easy for shareholders to press class-action fraud suits.
Goldman wins exemption from Labor Department’s pension overseer
The Employee Benefits Security Administration gives the firm a green light to oversee retirement plan assets despite its 1MDB misdeeds
Goldman Sachs taps MSCI for risk data and analytics
Institutional investors now have access to data and analytics across both Goldman Sachs Marquee and MSCI RiskManager.
Joe Duran’s plan for Goldman Sachs advisers: Q&A
After its acquisition in July 2019, United Capital became Goldman Sachs Personal Financial Management division, combining the then-RIA’s emphasis on getting personal with the Wall Street bank's 150-year legacy. The Personal Financial Management unit is growing via acquisitions and Joe Duran outlines how advisers can benefit.
Finra bars former Goldman analyst for insider trading
The analyst twice purchased securities after he learned a fellow analyst was upgrading his recommendation in impending research reports and then lied to Finra staff about his trading.
Goldman Sachs keeps cryptocurrency focus on institutional investors
Retail investors on the Marcus platform should not expect any crypto offerings alongside basic banking services, said CEO David Solomon during the bank’s first quarter earnings call.
Goldman secrecy on harassment claims faces challenge
Goldman faces a vote at its annual meeting later this month on whether it should publish a report on how its mandatory-arbitration policy impacts employees and workplace culture.
Goldman Sachs is getting into Bitcoin — who’s next?
Goldman Sachs enters the race to offer wealth management clients access to Bitcoin following Morgan Stanley. Which wirehouse could be next?
Goldman close to offering Bitcoin to wealth management clients
The firm plans to begin rolling out digital assets to clients in the second quarter.
Walmart hires Goldman bankers
Omer Ismail, head of Goldman's consumer bank, Marcus, and a colleague, David Stark, will help lead the retailer's fintech startup as it muscles into the banking business.
Meet Goldman’s robo-adviser Marcus Invest — finally
Mainstream investors can now open an account with Goldman Sachs with $1,000 and a smartphone. After delaying the launch last year, Marcus Invest solidifies the bank’s goal to bring investing to a wider audience of consumers.
