Sachs

Goldman Sachs announces reduction in investment in asset management

Goldman Sachs announces reduction in investment in asset management

Goldman Sachs head of personal finance management Joe Duran outlines his 2023 market outlook and discusses the company’s “difficult decision” to cut 3,200 jobs at “Varney & Co. The asset management arm of Goldman Sachs Group Inc will make major cuts to the $59 billion in alternative investments that have impacted its earnings. Alternative assets …

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Morgan Stanley retains edge over Goldman Sachs thanks to booming wealth unit

Morgan Stanley retains edge over Goldman Sachs thanks to booming wealth unit

Falling profits at Wall Street’s top two investment banks prompted mixed reactions from investors, who punished Goldman Sachs for a sharp drop in investment banking fees while rewarding Morgan Stanley’s push for higher prices. more stable businesses. Earnings further underscored the benefits of Morgan Stanley’s expansion into wealth and asset management under chief executive James …

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Goldman Sachs and Morgan Stanley hit hard by drought |  CNN Business

Goldman Sachs and Morgan Stanley hit hard by drought | CNN Business

New York CNN — Don’t do business? Investment banking giants Goldman Sachs and Morgan Stanley both announced substantial declines in fourth-quarter revenue and profit on Tuesday, largely due to lack of merger and IPO activity. during the last three months of the year. Earnings at Goldman Sachs (GS) missed their widest margin since the third …

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Calendar prompts and chaos: How Goldman Sachs cold-bloodedly laid off 3,000 workers in one day

Calendar prompts and chaos: How Goldman Sachs cold-bloodedly laid off 3,000 workers in one day

Fired bankers are complaining that Goldman Sachs used scare and underhand tactics as it staged this week’s bloodbath that claimed the lives of more than 3,000 employees, The Post has learned. Insiders claim the Wall Street giant – whose Wednesday layoffs were dubbed ‘David’s Demolition Day’ after CEO David Solomon – emailed calendar invites that …

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Exclusive: Goldman Sachs on the hunt for cheap crypto firms after FTX fiasco

Exclusive: Goldman Sachs on the hunt for cheap crypto firms after FTX fiasco

LONDON, Dec 6 (Reuters) – Goldman Sachs (GS.N) plans to spend tens of millions of dollars buying or investing in crypto companies after the FTX stock market crash hit valuations and chilled the market. interest of investors. The FTX implosion has increased the need for more trusted and regulated cryptocurrency players, and big banks see …

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Goldman Sachs boss David Solomon 'bragged about having had oral sex': Complaint

Goldman Sachs boss David Solomon ‘bragged about having had oral sex’: Complaint

Goldman Sachs CEO David Solomon bragged about his sexual prowess to a group of male colleagues, according to a blowout lawsuit that led to a secret $12 million settlement with a female partner. The boss of Wall Street’s most prestigious investment bank bragged to underlings that he was the only one of the group to …

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Goldman Sachs |  Press Releases - Goldman Sachs Announces Partner Class of 2022

Goldman Sachs | Press Releases – Goldman Sachs Announces Partner Class of 2022

November 9, 2022 – Today we are pleased to announce the Partner Class of 2022, a group of 80 individuals who have been invited to become Goldman Sachs Partners effective January 1, 2023, the start of our next fiscal year. . Every two years, we announce a new class of partners within the firm, preserving …

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