Goldman Sachs
Goldman Sachs
The Goldman Sachs Group Inc is a leading global investment banking firm whose activities are organized into investment banking (20% of net revenue), global markets (45%), asset management (20%), and consumer and wealth management (15%) segments. Approximately 60% of the company's net revenue is generated in the Americas, 15% in Asia, and 25% in Europe, the Middle East, and Africa.
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Once a moneymaker and executive training spot, the business is no longer cost-effective; Edward Bramson wants a board seat.
February 6 -
The bank said it will hold back bonuses to its former CEO and others as it probes the 1MDB scandal; the House is looking into the bank’s loans to Trump's firm.
February 4 -
As the consumer lender announced its seventh consecutive profitable quarter, its CEO bragged that his company is better positioned than the likes of Goldman Sachs and LendingClub.
February 1 -
Wells says it's made progress but needs to do more to rebuild trust with customers and regulators; despite rate hikes by the Fed, big banks continue to effectively pay nothing in interest to savings customers.
January 31 -
In letters to the Treasury secretary and CEOs of the largest banks, the Massachusetts Democrat questioned why Mnuchin was trying to quell liquidity fears that had not previously been mentioned by regulators.
January 18 -
The units that handle small business payments and the one for larger firms will be combined; survey shows U.K. consumers may shun loans.
January 18 -
Goldman Sachs CEO David Solomon sticks to rogue banker defense in scandal; bank misses earnings, revenue estimates.
January 17 -
Goldman Sachs Group Inc., owner of one of Wall Street’s top dealmaking franchises, leaned on that business last quarter to overcome an industrywide downturn in fixed-income trading.
January 16 -
The deal, valued near $22 billion, will combine two of the financial services industry's largest tech and processing firms; both banks top expectations.
January 16 -
Trading revenue for banks is expected to be flat; the bank plans high deposit rates to lure corporate customers.
January 14