News Around the Globe
By Franey A Ferrari-loving British bond trader is being sued in London court after his $2.6 billion bet against US Treasuries at the outbreak of the COVID-19 pandemic backfired – …
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By Zilber The feds have charged a former top banker at Goldman Sachs and JPMorgan Chase with bilking investors out of more than $4 million – then gambling it all …
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By Elisa Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street bank said on Tuesday, taking a new post a year after he led …
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By Zilber Tim Leissner, the former Goldman Sachs banker who played a central role in the infamous 1MDB scandal, was sentenced to two years in prison for helping orchestrate one …
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By Herzlich Morgan Stanley said on Thursday it had decided to leave a UN-backed climate alliance – joining rivals Goldman Sachs and Citi in ditching the group amid conservative backlash …
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By Zilber Two longtime Goldman Sachs partners have reportedly threatened to quit after they were passed over for a position on a top committee established under CEO David Solomon. Mark …
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By Zilber Goldman Sachs CEO David Solomon got a 24% pay bump in 2023 – earning $31 million in compensation – despite the Wall Street giant reporting its worst annual …
Read More By Zilber A top Goldman Sachs banker who was seen as a candidate to one day succeed embattled CEO David Solomon revealed he is retiring – a surprise exit that …
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By Elisa Apple is pulling the plug on its credit-card partnership with Goldman Sachs, the Wall Street Journal reported Tuesday. The tech giant recently sent a proposal to the Wall Street …
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By Keith A former Goldman Sachs executive convicted in the United States in the multibillion-dollar ransacking of a Malaysian sovereign wealth fund has been brought back to the country to …
Read More By Thaler Goldman Sachs has begun axing managing directors across the globe as the Wall Street giant looks to cut costs amid a profitability crunch, sources familiar with the matter …
Read More By Yuheng Former Goldman Sachs banker Roger Ng was sentenced to 10 years in prison on Thursday for his role in helping to loot billions of dollars from Malaysia’s 1MDB sovereign wealth fund. A …
Read More By Barrabi Disgraced former Goldman Sachs banker Roger Ng said he lived through “absolute hell” during a six-month stint in a Malaysian prison riddled with vermin and disease, according to …
Read More By Elisa Goldman Sachs and Bank of America said they expect the Federal Reserve to raise interest rates three more times this year, lifting their estimates after data pointed to persistent …
Read More By Moynihan Goldman Sachs cut Chief Executive David Solomon’s pay to $25 million in 2022 – a 30% drop from a year earlier – as the bank lays off thousands …
Read More By Moynihan Fired Goldman Sachs workers stumbled out in a daze from the firm’s Manhattan headquarters Wednesday as CEO David Solomon brought down the axe on thousands of employees. One …
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By Elisa JPMorgan Chase and Bank of America, the two largest US banks by assets, expressed caution about job cuts in contrast with Goldman Sachs, where hundreds of layoffs could start as …
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By Moynihan Goldman Sachs’ consumer banking unit – which Chief Executive David Solomon previously has likened to Amazon’s cloud computing juggernaut AWS for its growth potential – will suffer hefty …
Read More By Zilber Roger Ng, the only Goldman Sachs banker who was put on trial for the $4.5 billion embezzlement scheme that raided a Malaysian sovereign wealth fund, was convicted on …
Read More By Barrabi Goldman Sachs CEO David Solomon landed a performance slot along music megastars at this summer Lollapalooza festival – despite what professionals reportedly described as middling skills as a …
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