Goldman Sachs set to ax under-performers in latest layoffs
Goldman Sachs CEO David Solomon will hit 3% to 5% of the workforce as part of the Wall Street Giants' annual round layoffs. The layoffs amount to more than 1,395 job cuts from the bank's global workforce of 46,500 at the end of December. When we conducted a similar review in September, it made less […]
Trump wants to ‘level the playing field’ with tariffs: Goldman Sachs CEO
Goldman Sachs CEO David Solomon called Trump's tariffs in Canada and Mexico an effort to “level the playing field,” but said trade policy has sparked careful attention among fellow business leaders. The harsh 25% tariffs on North American neighbours and the 20% collection in China came into effect Tuesday after Trump agreed to a one-month […]
Goldman Sachs rolls out suite of downside protection ETFs as market volatility picks up – CNBC
Goldman Sachs Asset Management has threw its hat into the ring of increasingly popular buffered ETFs, just as the stock market shows signs of vulnerability. On Tuesday, the company announced the launch of Goldman Sachs US Large Cap Buffer 3 ETF (GBXC). This follows two similar funds that have started in recent months. Each fund […]
Goldman Sachs poised to roll back DEI practices: sources
Goldman Sachs plans to reduce some of its diversity, equity and inclusion policies amid the White House-backed crackdown on so-called “awakening” capitalism, the Post learned. A source familiar with the issue said CEO David Solomon will change course amid the threat of a possible litigation after President Donald Trump ordered U.S. Attorney General Pam Bondy […]
Goldman Sachs exec John Waldron gets board seat — a move likely making him bank’s next CEO
Goldman Sachs cemented President and Chief Operating Officer John Waldron as the successor to CEO David Solomon, one month after being given the retention bonus. Waldron, 55, joins Solomon, 63, and holds a seat on the board of directors as the second member of the board of trustees. “It appears that a stiffer succession plan […]
Goldman Sachs Scrapping Policy That Said Company Wouldn’t Take Businesses Public That Had All White, Male Boards
Goldman Sachs Group Inc. is scrapping the pledge it made to reject the initial public offering (IPO) business from companies that have an entirely white board, Bloomberg reported Tuesday. In 2020, major investment banks had enforced a policy requiring businesses to be made public in the US or Western Europe only if they had two […]
Goldman Sachs ends IPO diversity policy as Trump cracks down on DEI
Goldman Sachs cancelled its policy four years ago to bring in only public companies with two diverse board members, a bank spokesman said on Tuesday that he was social policy from President Trump. He said in the latest moves by companies that are hoping for greater scrutiny on the issue. “As a result of the […]
Anti-DEI activists target banks like Goldman Sachs, JPMorgan: report
Wall Street banks Goldman Sachs and JPMorgan Chase are the latest major companies to feel the heat of anti-DEI activists calling for the repeal or rollback of “woke” policies, according to the report. Two other large financial institutions, Bank of America and Citi, face charges of discriminating against customers based on their political and religious […]
Goldman Sachs taps next generation of leaders in Wall Street revamp
Goldman Sachs Chief Executive David Solomon on Tuesday promoted a number of top bankers to head the firm's biggest business units, days after the bank's top executives were awarded two huge bonuses. . The Wall Street giant announced 15 senior promotions as part of its efforts to foster the next generation of leadership at its […]
Wall Street banks JP Morgan, Goldman Sachs post fat profits amid dealmaking surge, Trump ‘bump’
Wall Street's biggest banks have seen eye-popping growth over the past year, as US financial giants rode the “Trump bump” amid optimism that the incoming administration would abolish bureaucracy to boost economic growth. Achieved full-year profit. Executives at some of the country's biggest lenders said the real estate mogul's landslide victory over Kamala Harris in […]