SoftBank, the hyper-acquisitive Japanese telecommunications giant, has hired a top dealmaker from Goldman Sachs. Ervin Tu will join the Tokyo-based firm as cohead of corporate finance and mergers and acquisitions for SoftBank Group International,...Show More Summary
A former Goldman Sachs partner warned the bank to resist the pressure to "milk" Libya's $60 billion (£42 billion) sovereign wealth fund in an email in 2008. The email was cited in court by the Libyan Investment Authority's lawyer, Roger...Show More Summary
A real tight case of "Well, SOMEONE'S gotta pay."
By Claire Milhench LONDON (Reuters) - Goldman Sachs abused its position as a trusted adviser to Libya's sovereign wealth fund, a lawyer for the fund argued on Tuesday, in a case that has subjected the bank's dealings to a forensic degree of scrutiny. Show More Summary
By Jonathan Stempel NEW YORK (Reuters) - Goldman Sachs Group Inc was sued on Tuesday by a major shareholder of a Malaysian bank it once advised, and which accused the Wall Street bank of fraudulently shortchanging it in a merger to curry favor with that country's prime minister. Show More Summary
Goldman Sachs is having a rough week. On Tuesday, news broke that the firm is being sued for allegedly breaching its fiduciary duty. The private equity firm Primus Pacific Partners — a shareholder of one of Goldman's clients, the Malaysian...Show More Summary
One of the central mysteries in the collapse of BHS is the role of Goldman Sachs. The bank, which had worked with former owner Sir Philip Green for 12 years, advised Green on the sale of BHS to Dominic Chappell, a thrice-bankrupt former...Show More Summary
$40 Billion Leftovers for Yahoo?Fed Prepares Action Against Goldman Sachs
The planned action, reported earlier by the New York Times, shows the Fed is advancing its own investigation into the incident, in which confidential regulatory materials were leaked to a Goldman staffer from one of his former colleagues at the Federal Reserve Bank of New York. Show More Summary
China’s “augmented fiscal deficit” (i.e. off-budget items included) has climbed to nearly 15% of GDP That is from Goldman Sachs, via Simon Rabinowitz. The post China estimate of the day appeared first on Marginal REVOLUTION.
Two men had pleaded guilty in the 2014 case, which involved the passing of confidential information from the New York Fed to a Goldman banker.
LONDON (Reuters) - Loan growth, margin squeezes and credit costs are the areas investors will focus on when British banks report quarterly earnings, Goldman Sachs said in a note to clients. Barclays PLC and Lloyds Banking Group are scheduled to report this week and emerging markets-focused HSBC Holdings and Standard Chartered next week. Show More Summary
JUST CALL HIM VICE-PRESIDENT GOLDMAN SACHS: Tim Kaine, Clinton’s VP pick, is a Democrat Wall Street can like.
This story was delivered to BI Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here. The investment bank plans to begin offering its new online lending platform to consumers this fall, according...Show More Summary
SAO PAULO (Reuters) - Goldman Sachs Group Inc will invest 600 million reais ($184 million) in Brazilian storage company Metrofit over the next 6 years, betting on a recovery from the harshest recession since the 1930s, a company executive said on Friday. Show More Summary
Goldman Sachs Group is raising a new corporate buyout fund of between $5 billion and $8 billion, its first since the financial crisis. The new fund dubbed " West Street Capital Partners" is shooting for an initial close by end of 2016,...Show More Summary
Goldman Sachs Raises a New Private Equity Fund | Continuing Debate Over the Financial Crisis
(Reuters) - Goldman Sachs Group Inc will start marketing a new corporate-buyout fund of $5 billion to $8 billion, its first such fund since the 2008 financial crisis, the Wall Street Journal reported on Thursday. Citing people familiar...Show More Summary
Or they could just google "Steven Mnuchin."
The corporate culture of Goldman Sachs has changed dramatically since 1999 due to organizational drift. The same thing can happen in your business if you're not careful.