Goldman Sachs CEO on probability of economic soft landing
David Solomon, the CEO of Goldman Sachs, on Tuesday discussed the probability of the U.S. economy experiencing a soft landing while appearing at a conference.
Goldman Sachs’ David Solomon latest CEO hit with pay cut
Goldman Sachs CEO joins Apple’s Tim Cook as latest industry CEO hit with pay cut.
Goldman Sachs says 4 US cities will suffer a 2008 crash in home values
The U.S. is seeing continued skyrocketing interest rates and declining housing prices, and Goldman Sachs expects home values in 2023 to reach that of the 2008 housing crisis.
Goldman Sachs announces reduction in asset management investments
Goldman Sachs Group Inc's asset management arm will make significant reductions to the $59 billion of alternative investments that hurt the firm's earnings.
Federal Reserve investigating Goldman Sachs' consumer business
The Federal Reserve has launched a probe into Goldman Sachs' consumer business known as Marcus, reportedly over concerns that the bank did not have proper safeguards in place.
These major companies are laying off workers at a huge rate
Major companies in a variety of sectors are experiencing massive layoffs in recent months, including cuts at Microsoft, Amazon, Goldman Sachs and Washington Post.
US debt limit, Netflix, Goldman earnings and Davos top week ahead
The U.S. debt ceiling showdown, earnings from Netflix and Goldman Sachs, as well as meetings in Davos, will give investors plenty to digest this week.
Concerns over a 'white collar recession' grow as Goldman Sachs, Morgan Stanley, Amazon and others cut jobs
With Goldman Sachs beginning layoffs this week, many are worried that the worst is yet to come for professionals across all industries as the Federal Reserve battles inflation.
Goldman Sachs raises $1.6 billion private capital for climate fund
Godlman Sachs Asset Management Horizon Environment & Climate Solutions I fund raises $1.6 billion for self proclaimed mission of fighting global warming.
US banks get ready for shrinking profits and recession
Rising prices and higher borrowing costs have led consumers and businesses to curb spending, and since banks serve as economic middlemen, their profits decline when activity slows.
Goldman Sachs to lay off as many as 3,200 employees this week
Goldman Sachs plans to lay off more than 3,000 employees this week, a source familiar with the matter said. However, the firm will still continue to strategically hire.
Goldman Sachs CEO says layoffs coming in January: report
Goldman Sachs CEO David Solomon reportedly warned employees that job cuts will begin at the firm in the first few weeks of the year, pointing to the economic slowdown.
Goldman Sachs considering cutting bonuses by 40%: report
Goldman Sachs may cut the bonus pools for 3,000 investment bankers by at least 40%, the highest cut since the 2008 financial crisis, according to a new report.
Top Wall Street CEOs amplify recession warnings as bets of dismal 2023 swell
The CEOs of Goldman Sachs, JPMorgan Chase and Bank of America warned of an ugly outlook for the economy in 2023, raising the specter of a recession next year.
Goldman Sachs on hunt for bargain crypto firms after FTX fiasco
FTX filed for Chapter 11 bankruptcy protection in the U.S. on Nov. 11 after its dramatic collapse, sparking fears of contagion and amplifying calls for more crypto regulation.
Goldman warns of bonus cuts for traders
Investment banks have seen a plunge in deal making activity this year as choppy markets and aggressive interest rate hikes have forced lenders to pull back from financing large deals.
SEC charges Goldman Sachs Asset Management with not following ESG investments policies
The $4 million dollar fine from the SEC was for practices in 2017 and 2018 that left ESG undefined and at the discretion of Financial Advisors in ESG funds
Bear market is not over yet, and will continue in 2023, Goldman Sachs warns
Goldman Sachs strategists on Monday said that the bear market is not over yet, and it could last through 2023 until the Fed stops hiking interest rates.
Goldman Sachs unveils new lobbying push in Congress
Goldman Sachs is organizing a push to get Congress to revamp the Small Business Administration, arguing the organization is outdated and could cause problems for business owners.
Top Wall Street CEOs revive warnings about US economic recession as inflation rages
JPMorgan CEO Jamie Dimon and Goldman Sachs CEO David Solomon revived their warnings about the U.S. economy during Saudi Arabia's investment conference in Riyadh.