Lloyd Blankfein

France’s Sun King courts business chiefs at ‘mini Davos’

Not content with sharing the Davos limelight with other world leaders next week, Emmanuel Macron is holding his own private gathering just hours …

Emmanuel Macron

Clash of cultures to unfold at WEF as Trump meets globalisation backers

File: A compelling clash of cultures is expected to unfold in Davos this week as US President Donald Trump meets with supporters of globalisation. …

News (South Africa)

Morgan Stanley, UP, And Goldman Sachs, DOWN

Morgan Stanley continues to improve its performance, so much so that the bank's CEO is stepping up its target ROE to a 10 percent to 13 percent range.<p>…

Markets

Goldman caught between with calm markets and a stormy White House

One of the great ironies of the moment — unlikely to last much longer — is that we find ourselves living through a time in which a most volatile, …

Finance

En route to Davos, Macron makes Versailles the place to be

PARIS (Reuters) - French President Emmanuel Macron will host dozens of the world’s most powerful business executives at the gilded Palace of Versailles to pitch France Inc before the global elite’s annual gathering at Davos.<p>Goldman Sachs’s Lloyd Blankfein, JP Morgan’s Jamie Dimon and Facebook’s …

Emmanuel Macron

JPMorgan Boosts CEO Dimon's Pay $29.5 Million as Workers See No Raise

It's good to be the king.<p>JPMorgan Chase & Co. (JPM) , the biggest U.S. bank, will pay CEO Jamie Dimon $29.5 million for 2017, a 5.3% raise, according …

Banking

Link Between Underwriting and Trading Is Put to the Test

Wall Street is putting a trading axiom to the test. Investment banks often say that underwriting debt and equity issues for companies brings in trading activity, and vice versa. The latest results from the country’s five big players — Bank of America, Citigroup, Goldman Sachs, JPMorgan and Morgan …

Markets

Goldman's No. 2 Allegedly Swindled Out of $1.2 Million of Wine by Assistant

Goldman Sachs Group Inc. Co-President David Solomon’s personal assistant has been charged with stealing $1.2 million of rare and expensive wine from …

Photojournalism

Goldman Sachs is the worst-performing major bank, thanks to its traders

Traders at Goldman Sachs used to be the stars of Wall Street, but lately they’ve become one of the main reasons why the storied bank’s share price has lagged behind its rivals. The bank’s fixed-income trading division is generating about half the revenue (paywall) that it did a year ago, Goldman …

Business

A startup that's helping big banks tackle one of the most vexing problems on Wall Street has landed $38 million in backing

• <b>Visible Alpha, a technology company that aims to help banks excel in a MiFID world, landed $38 million in a fundraise led by Goldman Sachs.</b>• <b><br>The firm counts a slew of Wall Street banks including Bank of America, Citi, and Morgan Stanley, as backers.</b><p>MiFID II, a European regulatory overhaul with far …

Business

Rare Wine Stolen From Wall Street Executive -- WSJ

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (January 18, 2018).<p>Federal prosecutors Wednesday accused the personal assistant of a Goldman Sachs Group Inc. executive of stealing more …

Wine

Goldman Sachs CEO Blankfein Looks Like Runt of Wall Street Litter

Goldman Sachs Group Inc. (GS) , historically the top dog on Wall Street, is increasingly looking like the runt of the litter.<p>In the wake of the 2008 …

Business

Goldman Sachs suffers rare quarterly loss as corporate giants take hit on Trump tax reform

Goldman Sachs and Bank of America have become the latest corporate giants to suffer multi-billion dollar hits from Donald Trump’s tax reforms.<p>An eye-watering $4.4bn (£3.2bn) charge at Goldman Sachs dragged the firm to its first quarterly loss since 2011.<p>Meanwhile its Wall Street peer Bank of …

Markets

This is what's wrong with Goldman Sachs, by an ex-GS FICC partner

You can’t say that Goldman Sachs didn’t see this coming. Back in 2012, CEO Lloyd Blankfein was talking about the need to invest in technology and …

Investing

Goldman Sachs profits hit by Trump tax overhaul – but banks set to win in long run

Goldman Sachs announces first quarterly loss in six years Bank’s $1.93bn loss related to $4.4bn charge related to new law<p>Goldman Sachs announced its first quarterly loss in six years on Wednesday as a one-off hit from the Trump administration’s tax overhaul wiped out profits.<p>Financial institutions …

Business

Goldman Sachs Posts First Quarterly Loss in Six Years -- 3rd Update

Goldman Sachs Group Inc. posted its first quarterly loss in six years as a dismal showing by its trading unit compounded a one-time charge related to the new tax law.<p>The Wall Street firm posted a $1.93 billion loss, or $5.51 a share, on $7.83 billion in revenue. A $4.4 billion tax-related charge …

Markets

Goldman co-COO's ex-assistant charged with stealing $1.2 million of wine

NEW YORK (Reuters) - A former personal assistant to Goldman Sachs Group Inc Co-Chief Operating Officer David Solomon has been charged with stealing hundreds of bottles of wine worth more than $1.2 million from his former boss.<p>U.S. prosecutors on Wednesday said Nicolas DeMeyer's theft scheme ran …

Offbeat News

Goldman Sachs Finishes Tough Year With New Low in Debt Trading

A rough 2017 got even worse for Goldman Sachs Group Inc. in the final three months.<p>Fourth-quarter revenue from fixed-income trading tumbled 50 …

Markets

Goldman Sachs posts first quarterly loss in six years

Well, that’s embarrassing.<p>Goldman Sachs, one of the biggest corporate beneficiaries of the Trump era, reported that it still struggled to make money …

Markets

Goldman Sachs swings to a loss after taking a hit on Trump tax reform

Goldman Sachs reported a loss of $2.1bn (£1.5bn) in the fourth quarter of 2017, blaming a tax charge as a result of reforms brought in by Donald …

Goldman Sachs

Goldman Sachs reports Q4 loss on big charge for US tax reform

NEW YORK: Goldman Sachs reported a rare quarterly loss on Wednesday (Jan 17) due to a one-time charge associated with US tax reform.Performance …

Goldman Sachs

Goldman's Bankers Outdo Bond Traders for First Time Since 2000

Goldman Sachs Group Inc.’s investment bankers hold bragging rights over their bond-trading brethren for the first time since 2000.<p>Revenue from …

Business

Goldman Sachs posts first quarterly loss since 2011

A $4.4bn charge for the effects of the new tax bill and a collapse in revenues from bond trading have taken big bites out of Goldman Sachs’ profits, …

Markets

Goldman Sachs is Wall Street's big loser

Goldman Sachs can't catch a break.<p>The vaunted Wall Street firm reported a nearly $2 billion quarterly loss Wednesday -- its first loss in six years -- due to a short-term hit from the new tax law.<p>The lack of market volatility also led to a steep drop in trading revenue during the last three months …

Markets

Bank of America, boosted by consumer loan business, tops profit forecast

Bank of America, boosted by a 9% rise in its consumer loan business, reported fourth-quarter earnings that topped analyst expectations despite a nearly $3 billion one-time charge related to the newly signed tax law.<p>In the October thru December quarter, the bank reported net income of $2.4 billion, …

Business

Goldman posts first quarterly loss in six years

<b>US investment bank Goldman Sachs has posted its first quarterly loss in six years amid continued troubles in its trading business.</b><p>The firm lost $1.9bn (£1.4bn) in the last three months of 2017, as revenue slumped 4% from the prior year.<p>It also reported a one-time tax charge of $4.4bn, making it the …

Goldman Sachs

Goldman Sachs Ends Horrible Bond-Trading Year With Big Tax Loss

Goldman Sachs Group Inc. (GS) , the Wall Street bank mired in a slump amid sluggish bond markets, posted a fourth-quarter loss of $1.93 billion, …

Business

Stocks Rise as Strength in Tech Offsets Weakness in Bank Shares

Stocks on Wall Street rebounded Wednesday, Jan. 17, as strength in the tech sector offset weakness in bank shares.<p>The Dow Jones Industrial Average …

Markets

Graphene Investing: 2018

2017 was a disappointing year for investors looking forward to breakthroughs in cost-effective mass manufacturing techniques to meet the hype about …

Business

Goldman Sachs' vaunted commodities-trading team got butchered in 2017

• <b>Goldman Sachs' commodities-trading department in 2017 suffered the worst performance in the bank's history as a public company, according to a Bloomberg report.</b>• <b><br>Commodities trading, once one of the bank's most vaunted businesses, saw revenues plummet 75% in 2017 to less than $300 million.</b><p>Goldman …

Markets