|Day's range||0.0300 - 0.0300|
Two of the banking industry's top executives discussed the slowdown they expect to see this year on Wall Street.
(Bloomberg) -- Goldman Sachs Group Inc. banker Kathy Elsesser is exiting her senior perch at the Wall Street firm after a more than 30-year run.Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthRich Latin Americans Transform Laid-Back Madrid Into a New MiamiHedge Funds at War for Top Traders Dangle $120 Million PayoutsUS Chides China Over Defense Talks as Navy Sails Taiwan StraitElsesser, 56, was th
“Security Reviews” are locking up Apple Savings accounts for weeks on end, as a blunt-force anti-money laundering system turns customers into suspects.
(Bloomberg) -- The runaway success of JPMorgan Chase & Co.’s actively managed exchange-traded fund lineup has Goldman Sachs Group Inc. playing catchup. Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthRich Latin Americans Transform Laid-Back Madrid Into a New MiamiHedge Funds at War for Top Traders Dangle $120 Million PayoutsUS Chides China Over Defense Talks as Navy Sails Taiwan StraitThe Goldman
Romi Savova left her job in investment banking in 2014 with a plan to simplify pension savings in the UK.
The new cuts at the Wall Street giant amount to roughly 250 positions, following two previous rounds of layoffs.
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NEW YORK (Reuters) -Goldman Sachs Group Inc plans to cut more jobs as a difficult economic environment weighs on dealmaking and trading revenue may slump 25% this quarter, the bank's president said on Thursday. "The macro backdrop is extraordinarily challenging," Goldman's president and chief operating officer, John Waldron, told investors at a conference, without specifying the scale of the layoffs. Goldman Sachs shares closed down 2.3% on Thursday, in contrast to the S&P 500 financial index, which rose 1.1% on the day.
In response to the global slump in deal-making, Goldman (GS) follows its peers to navigate industry headwinds by resorting to another round of layoffs in its IB division.
Investing.com -- Stocks in focus in premarket trade on Wednesday, May 31st. Please refresh for updates.
In the latest trading session, Goldman Sachs (GS) closed at $330.83, marking a -0.36% move from the previous day.
The departures could be spread across seniority levels and include partners and managing directors, the source said. The layoffs were reported earlier by the Wall Street Journal. Goldman had 45,400 employees at the end of March.
The fact that multiple The Goldman Sachs Group, Inc. ( NYSE:GS ) insiders offloaded a considerable amount of shares...
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(Bloomberg) -- More disappointing inflation news could help to persuade Federal Reserve policymakers to raise interest rates again, giving ammunition to hawks who argue there’s more work needed to restore price stability.Most Read from BloombergBiden, McCarthy Forge Debt-Limit Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTexas AG Ken Paxton Impeached by Republican-Led State HouseEurope’s Econ
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MUMBAI (Reuters) -India's Ola Electric is planning a stock market listing by the end of 2023, and has appointed investment bank Goldman Sachs and domestic bank Kotak to manage the share sale, a source with direct knowledge of the matter told Reuters. Ola Electric, which makes electric scooters, is backed by investors such as SoftBank Group Corp and Tiger Global Management, and was valued at $5 billion in its last fundraise in 2022.
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In the latest trading session, Goldman Sachs (GS) closed at $323.57, marking a -0.42% move from the previous day.
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Not only does that translate into lower savings account balances, but it can also mean lower retirement plan balances -- and less long-term financial security. Goldman Sachs has agreed to pay $215 million to settle a long-standing class action lawsuit that accused the bank of underpaying women. Not only will Goldman Sachs be paying the employees it wronged, but it's also pledged to hire an independent expert to conduct an analysis on its performance evaluation processes, as well as its processes for promotions.