More Banks See Recession as Pandemic Unfolds
Goldman Sachs and Morgan Stanley see contraction followed by late-year rebounds.
Goldman’s Nod to Diversity Draws Some Criticism
Might the investment bank's new policy to avoid IPOs of companies without at least one diverse board member not be quite as good as it looks?
Goldman Q4 Profit Dives as Expenses Jump 42%
The bank set aside $1.1 billlion for legal costs and spent heavily on employee compensation and benefits.
Goldman Reorganizes to Highlight Retail Shift
The changes to Goldman's business segments showcase "how digitally focused and consumer focused the Wall Street titan has become."
Goldman Workers Feel Pinch of Digital Shift
The bank set aside 35% of its revenue for staff compensation and benefits so far this year, the lowest since at least 2009.
Goldman, Point72 Invest $42 Million in Mexican Fintech
Online lender Credijusto has originated $90 million in loans and equipment leases to small businesses across Mexico.
Campbell Soup Hires Chobani’s CFO
Mick Beekhuizen, the soup company's new finance chief, has an interesting professional history.
Buybacks on Pace to Hit Record Level in 2019
The buyback boom is raising concerns as companies are returning more cash to shareholders than they are generating in free cash flow.
Goldman Takes $750M Wealth-Management Step
The acquisition of United Capital advances Goldman's "long-term strategy to offer clients solutions across the wealth spectrum."
Goldman Shares Dip 3.8% on Q1 Revenue Miss
The bank's first revenue miss in two years reflected what CEO David Solomon called a “challenging” trading environment.
Goldman Shares Surge on Big Earnings Beat
The bank's Q4 revenue of $8.08 billion was also above estimates but its bottom line was inflated by a $467 million tax benefit.