Goldman Sachs is mixing things up in its tech investment teams. They are merging their telecom and "CoreTech" teams to create a new group focused on digital infrastructure and AI deals. This new group, called Global Infrastructure Technology, will be led by Yasmine Coupal and Jason Tofsky. Coupal ha
Goldman Sachs, a major player in the financial world, is making a bold move into the sports industry. They've just bought a big chunk of Excel Sports Management, the agency behind stars like Tiger Woods and Caitlin Clark. This deal is worth almost $1 billion, showing just how serious Goldman is abou
Goldman Sachs has increased the pay of its CEO, David Solomon, by 26% to $39 million. Alongside this, they've set up retention plans worth $80 million for both Solomon and the bank's president, John Waldron. This move aims to keep the duo at the helm, following a strong performance year. The bank ha
Goldman Sachs has some good news for investors. They think the S&P 500, a key stock market index, will go up by 11% in 2025. That's a total return of 12% when you include dividends. Why? Because the economy is growing, and companies are making more profits. The firm's team, led by David Kostin, says
Goldman Sachs is warning of a $400M writeoff, but is it a wake-up call for the bank or just a speed bump? The storied investment bank is expecting a 10% decline in trading revenue due to tough fixed-income conditions and year-over-year comparisons. But what's behind this unexpected hit? Was it a has
Goldman Sachs is set to take a $400 million pre-tax hit in the third quarter due to the unwinding of its General Motors credit card platform and the sale of real estate loans. The bank is in talks to hand over its GM credit card business to Barclays, a deal that would see the transfer of roughly $2
Goldman Sachs is bracing for a hefty $400 million pretax loss in its third-quarter earnings, a direct result of its struggle to establish a foothold in the consumer market. CEO David Solomon admitted this financial blow at a recent conference, attributing it to the bank's decision to offload its ill
