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.
CEOs, business groups condemn Capitol Hill protests, violence and urge peace
Business leaders from Wall Street to Silicon Valley joined trade groups across the nation in calling for an end to the protests and violence on Capitol Hill.
Biden quietly adds Goldman Sachs, Big Tech employees to transition team
The Biden transition team has quietly added a group of individuals that will likely face pushback from the progressive wing of the Democratic party, including two Goldman Sachs veterans, one Google employee and three Facebook employees.
US Supreme Court takes up Goldman securities class action appeal
Goldman is appealing a decision allowing a class action accusing the bank of hiding conflicts of interest when creating risky subprime securities before the 2008 financial crisis.
Biden's plan to forgive student loan debt would do little to boost economy, analysis shows
President-elect Joe Biden is facing mounting pressure from progressives to cancel student loan debt on his first day in the White House – but doing would do little to boost the nation's pandemic-stricken economy, according to a new analysis.
Goldman Sachs applies to acquire joint-venture Chinese securities firm: WSJ
Goldman Sachs Group Inc. is moving to acquire 100% ownership of its securities joint venture in China, deepening its investment in the world’s second-largest economy after partnering with a domestic brokerage for 17 years.
Goldman Sachs eying Florida move for key division, report says
The potential development comes on the heels of several other investment companies moving from the Big Apple to down South — and battering New York’s bottom line with the loss of white-collar jobs.
DOJ was investigating Georgia Sen. Perdue's stock trades: Report
Stock trades made by wealthy Sen. David Perdue, R-Ga., raised the eyebrows of the Justice Department this spring, after they came across an email that suggested he was made aware of “upcoming changes” within a company two days prior to a major stock sale.