This Monday, Goldman Sachs Group Inc. (NYSE:GS), HSBC Holdings Plc (LSE:LON:HSBA), Barclays Plc (LSE:BARC), BNP Paribas (OTC:BNPQY) SA (EPA:BNP) and another unnamed bank announced their collaboration to adopt a unified global approach to disclosing clients' stock positions. The new initiative is expected to enhance transparency and reduce costs, according to the parties involved.
Goldman Sachs Group Inc (NYSE:GS).'s CEO, David Solomon, reaffirmed the bank's support for traditional energy companies during his address at the American Energy Security Summit in Oklahoma City on Monday. Solomon underscored the vital role these companies play in both the global economy and Goldman Sachs' operations.
Goldman Sachs has agreed to pay a $6 million fine to the U.S. Securities and Exchange Commission (SEC) on Monday, following an investigation that revealed the banking heavyweight had provided incomplete and inaccurate trading information over a decade-long period. The SEC found that Goldman Sachs was responsible for submitting 22,000 inadequate 'blue sheet' submissions between 2012 and 2022, affecting over 163 million transactions. The bank has acknowledged the findings and is currently rectifyi