Goldman Sachs’ profit more than doubles to $3B as Wall Street dealmaking rebounds
Goldman Sachs’ profits surged more than 150% in the second quarter, beating analysts’ expectations but down from a strong first quarter that saw the bank post its highest revenue since 2021. Goldman Sachs Chief Executive David Solomon, who has come under fire for losing talent and a failed retail banking venture, sees the Wall Street […]
Goldman Sachs’ profit more than doubled in the second quarter, bolstered by higher fees from debt underwriting
Anastasia Amoroso, chief investment strategist at iCapital, talks to “Making Money” about what could be the catalyst for a stock market selloff. Goldman Sachs’ profits more than doubled in the second quarter, thanks to higher debt-underwriting fees and strong performance in its bond-trading business. The bank reported Monday profit of $3.04 billion, or $8.62 per […]
Jeffrey Sachs: Ukraine escalation could go nuclear
Cancel culture is Did not exist Or effectively banned. But try telling that to Jeffrey Sachs, the globally respected economist who faced cancellation simply for telling the truth. To this day, he is shunned by the media that once sought his comments. When he strayed from the approved talking points, he was summarily banished. Banned, […]
Goldman Sachs banker fired after pleading guilty to sexual assault
A Goldman Sachs banker was fired last month after his superiors learned that he had pleaded guilty in February to sexually assaulting his niece multiple times over a period of several years, beginning in 2004. Ronan O’Grady, 33, who has worked as a personal wealth adviser at Goldman’s London office since 2017, was sentenced to […]
Oil prices may rise to $86 a barrel on ‘solid summer demand’: Goldman Sachs
Stephen Moore, co-founder of the Committee to Unleash Prosperity, weighs in on how Biden’s energy policies will affect consumers and national security. Oil prices Goldman Sachs analysts said in a report that “robust summer demand” is expected to help oil prices rise to about $86 a barrel as the driving season heats up. Forecasts show […]
Ex-Goldman Sachs exec Beth Hammack named next Cleveland Fed president
The Federal Reserve Bank of Cleveland announced on Wednesday that Beth Hammack, a former executive at investment bank Goldman Sachs, will become its next president, effective Aug. 21. Hammack, 52, worked at Goldman Sachs from 1993 until his retirement earlier this year. She most recently served as co-head of global finance and has also held […]
Goldman Sachs executive Beth Hammack to head Cleveland Fed
Beth Hammack, a Goldman Sachs executive and longtime financial industry leader, will become the next president and CEO of the Federal Reserve Bank of Cleveland, leading the central bank’s district. Announced Wednesday. Hammock will succeed Loretta Mester, who will retire on June 30. She will officially become the 12th president of the Cleveland Fed on […]
Ex-Goldman Sachs VP rips bank’s ‘man’s world’ culture: ‘cried in the bathroom’
A former Goldman Sachs vice president gave up her annual salary at the Wall Street giant two years ago to become a novelist because of a “man’s world” culture where female employees “don’t feel valued.” He said he quit his six-figure job. Lindsay McMillan, who worked in the bank’s marketing department and was promoted to […]
Goldman Sachs CEO David Solomon raises alarm on US debt
Goldman Sachs CEO David Solomon said U.S. policymakers needed to put more “focus” on the country’s ballooning debt and budget deficit, adding that the federal government’s “unfettered “The ability to spend is not unlimited.” “The U.S. debt level is [and] “There needs to be more focus and more dialogue on the level of spending than […]
Goldman Sachs ‘gold’ panning in Utah as stock keeps rising
CEO David Solomon has been really worried lately after hearing this from Goldman Sachs representatives. After surviving a tumultuous few years of staff disruption and business failures (retail banking, Apple credit card), Solly quit his side gig as DJ D-Sol to focus more on his day job, and it’s working out for him. It seems […]