Kathy Ruemmler will stay at Goldman Sachs despite stepping down due to connections with Epstein.
Goldman Sachs Maintains Salary for Former Lawyer Amid Epstein Controversy Goldman Sachs is keeping Kathryn Ruemmler, its soon-to-be former chief legal officer, on salary despite her resignation earlier this year linked to the Jeffrey Epstein scandal. Even after stepping down, Ruemmler has been asked to stay on as an advisor by CEO David Solomon, as […]
A Gen Z employee leaves Goldman Sachs following a disagreement about their ‘Investment Baker’ social media side project.
A Goldman Sachs employee who gained a following online as an “investment baker” has left Wall Street, citing constant scrutiny from the firm’s compliance team as a factor in her decision to pursue baking full-time last year. Alison Sheehan, 27, shared with Fortune that compliance officers at Goldman were concerned about her use of the […]
Goldman Sachs executive highlights intentions to automate ‘human assembly line’ using AI, assures no large layoffs.
Goldman Sachs Embraces Generative AI Amidst Workforce Concerns Goldman Sachs is set to introduce a range of generative AI “robots” aimed at automating its well-known “human assembly line,” though the bank’s president, John Waldron, assured on Tuesday that this shift won’t lead to massive layoffs. The financial institution plans to implement digital agents throughout its […]
The Retirement Survey by Goldman Sachs Revealed That Just 57% of Americans Aim to Replace at Least Half of Their Income After Retiring.
Goldman Sachs Retirement Survey Insights A recent report from Goldman Sachs reveals that working Americans are targeting an average income replacement rate of around 57% for their retirement years. Interestingly, most respondents anticipate living on less than half of their pre-retirement income, while only a few are aiming for more than 70%. The findings highlight […]
Kathy Ruemmler from Goldman Sachs declined $30 million to represent Jeffrey Epstein, according to sources.
Kathy Ruemmler has announced her plan to resign as Goldman Sachs’ chief legal officer at the end of June. She aims to address the speculation surrounding her past relationship with Jeffrey Epstein. The 55-year-old prominent litigation lawyer stated in February that her departure is partly due to the “noise and distraction” caused by her emails […]
Former Goldman Sachs banker seeks divorce from Kimora Lee Simmons
Tim Leissner, the former well-known banker at Goldman Sachs who was sentenced to prison due to his involvement in the 1MDB scandal, has reportedly initiated divorce proceedings from Kimora Lee Simmons. He cited “irreconcilable differences” in the filing against the former reality TV star and Baby Phat founder, as reported by TMZ earlier this week. […]
Goldman Sachs shares drop despite impressive earnings report
Goldman Sachs Reports Strong Q1 Profits Amid Market Concerns On Monday, stocks dipped, even though Goldman Sachs announced a substantial profit for the first quarter. Investors seemed to be more focused on underlying weaknesses despite the positive headlines. The company’s stock fell around 2% after initially dropping over 4% at the start of trading, even […]
Has Goldman Sachs Just Announced an Opportunity for Software Stocks?
Software Sector Struggles in 2026 The start of 2026 has not been kind to the software industry. It’s been pretty rough, to say the least. There’s been a lot of chatter about the potential disruptions from AI advancements, particularly with innovations like Anthropic’s Claude Code. This fear, combined with some pretty high expectations this year, […]
Goldman Sachs reveals a concerning trend related to job losses in AI and technology.
A recent study highlights that workers displaced by artificial intelligence and other technologies often struggle to find new jobs, and when they do, they typically earn less for years. According to researchers at Goldman Sachs, individuals impacted by tech-related layoffs see an average job search period extending to about a month, and when they secure […]
Goldman Sachs grows its active ETF operations through a partnership with Innovator Capital.
Goldman Sachs Expands ETF Presence with Innovator Acquisition Goldman Sachs announced on Thursday that it has finalized its acquisition of Innovator Capital Management, an active exchange-traded fund (ETF) provider, enhancing the bank’s role in the rapidly growing active ETF market. Active ETFs have become increasingly popular in asset management, attracting investors due to their lower […]