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Goldman Sachs reports surprising quarterly profit surge

Goldman Sachs posted a 28% jump in quarterly profit, beating Wall Street expectations thanks to surprisingly strong performance in the bank’s trading and investment banking business. The Wall Street giant announced Monday that first-quarter profit jumped to $4.13 billion. Revenue for the three months ended March 31 rose 16% to $14.21 billion, more than $1 […]

Goldman Sachs names Carey Halio treasurer as Philip Berlinski exits

Another top Goldman Sachs executive also bounced around the co-op. Goldman CEO David Solomon has named Carey Halio the investment bank’s new finance chief, replacing Philip Berlinski, who spent 24 years at the Wall Street giant. Berlinski will become executive director of Millennium Management, a $62.2 billion hedge fund led by billionaire Israel Englander. The […]

Goldman Sachs urged to oppose David Solomon’s $31 million salary

Wall Street giant Goldman Sachs has been asked to separate the CEO and chairman roles held by embattled czar David Solomon and cut his huge pay. Leading proxy advisory firms Glass Lewis and Institutional Shareholder Services made the recommendation in a separate report ahead of Goldman’s annual shareholder meeting this month. Glass Lewis on Thursday […]

Goldman Sachs CEO warns inflation may prove ‘stickier’ than expected

Treasury Secretary Janet Yellen talks about inflation risks, taxes and credit card debt in an exclusive interview with FOX Business. Goldman Sachs Chief Executive David Solomon said on Friday that overcoming inflation may prove more difficult than previously expected after a series of reports showed price pressures in the country. I warned you that it’s […]

More Americans taking Ozempic will boost the US economy: Goldman Sachs

Goldman Sachs strategists say more widespread use of powerful weight-loss drugs like Ozempic in the United States could boost the economy in the coming years. The bank estimates that weight-loss drugs called GLP-1 agonists could add an additional 1% to gross domestic product over the next 10 years, equivalent to about $360 billion a year. […]

Goldman Sachs CEO David Solomon throws cold water on inflation ‘soft landing’

Goldman Sachs CEO David Solomon poured cold water on hopes that the Federal Reserve could achieve a “soft landing” in its fight to curb inflation. “The world is poised for a soft landing,” Solomon said at a bankers conference in Miami on Tuesday, as inflation remains stubbornly above the Fed’s 2% target rate. “The level […]

Two Goldman Sachs partners threaten to quit after committee snub

Two longtime Goldman Sachs partners have reportedly threatened to resign after being removed from their posts on top committees created under CEO David Solomon. Mark Soler, Co-Head of Mergers and Acquisitions, and Gonzalo Garcia, Co-Head of European Investment Banking, in the firm’s London office, have joined the firm’s new global banking and market committees. The […]

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