Goldman Sachs

Goldman Plans to Double Down on Loans to Super-Rich Clients
Goldman Plans to Double Down on Loans to Super-Rich Clients
June 13, 2024  |  Banking

Goldman Sachs reportedly wants to double its lending to its most affluent customers. This plan would play out over the next five years for clients with...

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Banks Boost Revenue Streams With Transaction Management Services and Technologies
Banks Boost Revenue Streams With Transaction Management Services and Technologies
June 04, 2024  |  Banking

Card spending is volatile, and commercial real estate loans look shaky. Rules on how much capital must be held on banks’ balance sheets are under...

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Cleveland Fed Names Goldman’s Beth Hammack as President
Cleveland Fed Names Goldman’s Beth Hammack as President
May 30, 2024  |  Personnel

A longtime Goldman Sachs executive is the Federal Reserve Bank of Cleveland’s new leader. Beth Hammack, co-head of global finance at Goldman, has been named...

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Goldman Sachs Alternatives Raises Largest Loan Partners Fund Since 2008
Goldman Sachs Alternatives Raises Largest Loan Partners Fund Since 2008
May 29, 2024  |  Investments

Goldman Sachs Alternatives raised more than $20 billion for senior direct lending. The total includes $13.1 billion in its West Street Loan Partners V fund,...

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The Fed Reportedly Backing Off Tougher Capital Requirements
The Fed Reportedly Backing Off Tougher Capital Requirements
May 19, 2024  |  Banking

The tougher capital requirements the government had planned for banks may not be as tough. That’s according to a Sunday (May 19) report by The Wall Street...

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Report: Goldman Could Hand off GM Card to Barclays
Report: Goldman Could Hand off GM Card to Barclays
April 30, 2024  |  Banking

Goldman Sachs is reportedly closer to exiting its General Motors credit card business. The banking giant is in discussions with Barclays to transfer the issuance...

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Goldman Sachs to Sell Marcus Invest Accounts to Betterment
Goldman Sachs to Sell Marcus Invest Accounts to Betterment
April 22, 2024  |  Acquisitions

Independent digital investment advisor Betterment has reached an agreement with Goldman Sachs to acquire the digital investment accounts of Marcus Invest.  Subject to customary closing conditions, those accounts will be...

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CE 100 Index Slips 3.5%, Led by Tesla and Peloton
CE 100 Index Slips 3.5%, Led by Tesla and Peloton
April 22, 2024  |  Connected Economy

The CE 100 Index gave up 3.5% for the week as earnings season began in full swing. Stock market gains were few and far between....

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Banks Cut 5,000 Jobs in Q1 Amid Uncertain Economic Climate
Banks Cut 5,000 Jobs in Q1 Amid Uncertain Economic Climate
April 16, 2024  |  Personnel

The largest U.S. banks cut a total of more than 5,000 jobs during the first quarter. They did so to control costs during an uncertain...

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