Goldman Sachs posts record results as profits jump
Investment bank Goldman Sachs saw its profits nearly quintuple in the first quarter, driven by a massive surge of revenue from its core investment banking and trading operations.
Goldman risk group examines 2021 market events for lessons
Goldman Sachs Group Inc (GS.N) executives are examining how well the bank navigated several major market events this year that caused extreme volatility, people familiar with the matter told Reuters.
JPMorgan, Goldman Sachs, Delta earnings and Coinbase IPO top week ahead
Delta, JPMorgan and Goldman Sachs lead earnings reports in the week ahead, while investors will get a taste of Coinbase’s IPO, the first crypto company to go public.
Businesses and philanthropy unite to fight racial wealth gap
The CEOs of Starbucks and Goldman Sachs will join leaders from philanthropy and academia in a new initiative to address the racial wealth gap in the United States.
Archegos’ Bill Hwang created wealth at a historic pace before losing it all, a FOX Business investigation shows
Before his epic collapse this week losing an estimated $8 billion or possibly in 10 days, hedge fund trader Bill Hwang increased the size of his fortune a staggering 900% or more in just seven years.
Family offices like Archegos take big risks like hedge funds
Enormous losses at Archegos Capital Management have cast a rare spotlight on the growing influence of below-the-radar institutions around the globe called family offices
Big banks win dismissal of US Treasury rigging litigation
A U.S. judge on Wednesday dismissed litigation accusing 10 large banks of conspiring to suppress competition in the now $21.2 trillion market for U.S. Treasury securities.
Who is Archegos fund manager Bill Hwang?
Losses at Archegos Capital Management have triggered the liquidation of positions approaching $30 billion in value, The Wall Street Journal has reported, and sent the shares of two major investment banks tumbling. Archegos is run by former Tiger Asia manager Bill Hwang. What do we know about Mr. Hwang?
Goldman Sachs CEO hit with cultural revolution, overworked millennials and Chick-fil-A debates
The Chick-a-fil-A drama, others at Goldman tell FOX Business, is part of a broader cultural revolution at the prestigious white shoe investment bank.
Goldman CEO says he’ll try to get exhausted, 100-hour-a-week workers Saturdays off
An elaborate slideshow, which was shared with managers, includes testimonials of working 20-hour shifts that one worker called “inhumane.”
Tired Goldman Sachs underlings beg to work ‘just’ 80 hours a week, instead of 100
The gripes come from a disgruntled group of 13 first-year analysts in Goldman’s investment banking unit who surveyed themselves about their work woes — and then organized them into a detailed PowerPoint presentation that has since spilled onto social media.
Goldman CEO Solomon softens on returning workers to offices
On Wednesday top Goldman Sachs partners met with consultants about plotting a return to the office and how it might include new technology, like Zoom, which allows people more freedom to work remotely as well as in the office.
Former Goldman executive pays $51M for Epstein's NYC mansion. Who is he?
Former Goldman Sachs executive Michael Daffey has purchased disgraced financier Jeffrey Epstein's Manhattan mansion for $51 million.
Buyer of Jeffery Epstein’s NYC mansion is former Goldman exec
Australia native Michael Daffey retired after serving as Goldman's global markets chairman in charge of remodeling trade in Europe after Brexit — and also after making a killing in Bitcoin.
Goldman Sachs CEO David Solomon, a harsh critic of remote work, used the bank's private jet for seven weekend getaways: report
During the annual Credit Suisse virtual financial services forum in February, Solomon said remote work is "an aberration that we are going to correct as quickly as possible."
Goldman consumer head is leaving to run Walmart fintech
Omer Ismail, a Goldman partner and the head of its Marcus consumer unit, is leaving the bank to run a recently announced Walmart financial-technology startup.
The next GameStop? 38 heavily shorted stocks that retail investors could target next, according to Goldman Sachs
These 38 stocks had the largest bets against them of any Russell 3000 stocks as of January 29, according to Goldman Sachs.
Wells Fargo CEO Scharf's pay drops nearly 12% in 2020
Wells Fargo Chief Executive Officer Charles Scharf's annual pay fell by about $3 million, or 12%, in 2020, a regulatory filing showed on Friday.
Goldman CEO David Solomon takes $10M pay cut for Malaysian investment scandal
The bank will withhold $174 million in compensation from current & former execs
Goldman Sachs blows past estimates on trading, dealmaking
Goldman Sachs Group reported strong fourth-quarter results bolstered by record revenue from deal making and the best trading environment in a decade.