Goldman Sachs to acquire automated corporate retirement planning adviser NextCapital Group
The transaction is expected to close in the second half of 2022, subject to regulatory approval and other closing conditions. Financial terms of the deal were not disclosed.
Goldman warns markets too relaxed on Russia-Ukraine war risks
Global markets may be underestimating the downside risks posed to stocks by the ongoing war between Russia and Ukraine, according to Goldman Sachs strategists.
Goldman Sachs makes OTC crypto trade, a first for major Wall Street Bank
Goldman Sachs has executed its first over-the-counter cryptocurrency transaction, marking a significant step towards possible wider adoption among major Wall Street banks.
Goldman says Ukraine-Russia war could trigger US economic recession
Goldman Sachs economists warned the probability of the U.S. economy plunging into a recession in the next year has risen dramatically in the wake of the Russia-Ukraine war.
Sycamore and Hudson’s Bay prepare Kohl’s bids
Private-equity firm Sycamore Partners and Canada’s Hudson’s Bay plan to submit takeover bids for Kohl’s Corp. that could value Kohl’s above $9 billion, according to people familiar with the matter.
Goldman Sachs cuts US growth forecast as commodity prices bite
Goldman Sachs analysts downgraded their forecasts for U.S. economic growth for this year, reckoning that spikes in oil and other commodities since Russia's invasion of Ukraine will hurt spending.
Goldman Sachs becomes first Wall St. firm to exit Russia
Goldman Sachs has become the first Wall Street firm to suspend its operations in Russia following the country's invasion of Ukraine.
Ex-Goldman banker testifies 1MDB scheme a 'house of cards'
Tim Leissner told a federal jury in New York City that he paid bribes, took kickbacks and lied to banks to keep the scheme going.
Goldman forecasts 7 Fed interest rate hikes in 2022 instead of 5 as inflation rages
Goldman Sachs now sees the Federal Reserve hiking interest rates at every meeting for the remainder of the year as central bank policymakers look to tackle hotter-than-expected inflation.
Goldman Sachs workers back to office Feb. 1 but some exceptions allowed
Goldman Sachs Chief Executive David Solomon has been clear that he thinks working from home is an aberration. But the bank he runs has quietly allowed people to continue to telecommute, On the Money has learned.
Goldman, JPMorgan award bumper bonuses to top bankers
Goldman Sachs and JPMorgan Chase, Wall Street's premier investment banks, this week informed staff of bumper bonuses for 2021, following a record-breaking year for Wall Street dealmaking.
Goldman Sachs' profit declines by 13% in fourth quarter
Goldman Sachs Group's profit fell in the fourth quarter, even as the deals market stayed strong.
Goldman expects the Fed to hike interest rates 4 times this year as inflation risks grow
The Federal Reserve will likely raise interest rates four times this year and will begin reducing its balance sheet by July as it confronts an inflation surge that has been higher and longer-lasting than policymakers initially predicted, according to Goldman Sachs analysts.
Eric Adams scolds NYC big banks for remote work amid COVID surge: 'Can't run New York City from home'
New York City Mayor Eric Adams scolded big banks for sending their Big Apple-based employees back to remote work amid the spread of the highly contagious omicron variant, asserting that the financial powerhouses "can't run New York City from home."
Goldman Sachs to require COVID-19 booster shots for employees, visitors
Goldman Sachs will require all employees and visitors entering its offices to receive a COVID-19 booster shot beginning in February.
Goldman Sachs CEO warns New York City over high taxes
Goldman Sachs CEO David Solomon warned New York City over its policies, such as high taxes, saying the city's future is "not guaranteed"
Goldman Sachs execs peeved at CEO for moving them to floors with ‘rank-and-file’ workers
Goldman Sachs CEO David Solomon’s long-delayed initiative to move senior executives at the firm’s headquarters closer to the rank-and-file has finally come to fruition — and it’s rankling higher-ups and underlings alike, sources told The Post.
Goldman cuts forecast for US economic growth in 2021 and 2022
Goldman Sachs cut its U.S. economic growth target to 5.6% for 2021 and to 4% for 2022 citing an expected decline in fiscal support through the end of next year and a more delayed recovery in consumer spending than previously expected.
SEC charges ex-Goldman compliance analyst with insider trading
A U.S. regulator on Wednesday charged a former Goldman Sachs Group Inc senior compliance analyst with insider trading, saying he made illegal trades involving banking clients while working in Warsaw, Poland.
Oil will climb to $90 by year-end: Goldman Sachs
Goldman Sachs Group Inc. raised its forecast for global crude oil prices due to supply disruptions in the Gulf of Mexico and signs of strengthening demand.