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Goldman Sachs shareholders reject pressure to split David Solomon's CEO, chair roles
At Goldman's annual shareholder meeting, the proposal by the conservative-leaning National Legal and Policy Center garnered 33% of shareholder votes, according to a preliminary tally, compared with 16% last year.
Goldman Sachs reports surprise profit surge thanks to strong trading, dealmaking
Goldman Sachs recorded a 28% surge in quarterly profits -- topping Wall Street's expectations thanks to surprising strength in the bank's trading and investment banking operations. The Wall Street giant...
Goldman Sachs loses another top exec
Goldman CEO David Solomon named Carey Halio as the investment bank's new treasurer -- replacing Philip Berlinski, who departs after 24 years at the Wall Street giant.
Goldman Sachs urged to vote against David Solomon's $31 million salary, separate CEO and chair roles
In the wake of the 2008 financial crisis, efforts to separate the chair and CEO roles became flashpoints at the annual meetings of Goldman Sachs and other Wall Street giants...
Junior bankers say they'll quit after bonuses fall — but top 0.1% celebrate soaring market and plunging private jet costs
Low-level bankers didn't get the 100% bonuses they expected but the biggest bosses are smiling: stocks and Bitcoin are up and jet charters are down.
Goldman Sachs banker once in line to be CEO becomes latest female executive to leave firm after 25-year career
Cohen will become Cloudflare's first chief strategy officer, the cloud connectivity company said.
Inflation may prove 'stickier' than expected, warns Goldman Sachs CEO David Soloman
While inflation has fallen considerably from a peak of 9.1% notched during June 2022, it remains above the Federal Reserve's 2% goal.
Goldman Sachs CEO throws cold water on Federal Reserve's 'soft landing' inflation expectations
“When I was on TV in Davos a month ago, the consensus was for seven interest rate cuts and I said, ‘Gee, I just don’t understand this,’” Solomon said.
More Americans taking Ozempic will boost the US economy: Goldman Sachs
More widespread use of powerful weight-loss drugs like Ozempic in the U.S. could boost the economy in the coming years, according to Goldman Sachs strategists.
Bank CEOs celebrate pay raises while junior bankers face another year of stingy bonuses
Bank bosses enjoyed pay hikes in 2023, while rank-and-file workers were handed another year of stingy bonuses, according to this week's round of earnings. Nowhere was that more evident than...
Longtime Goldman Sachs partners threaten to quit after committee snub: report
Two longtime Goldman Sachs partners have reportedly threatened to quit after they were passed over for a position on a top committee established under CEO David Solomon. Mark Sorrell, who...
Goldman Sachs CEO Solomon got 24% raise, made $31M in 2023 despite profit slump
Goldman raised Solomon's pay despite its 24% fall in profits last year as well as the bank's ill-fated foray into commercial lending.
Ex-Goldman banker who 'tried to talk his way out of' arrest is convicted of insider trading
Mohammed Zina, 35, was convicted of insider trading and fraud by a jury in London.
Goldman Sachs CEO Solomon staying put, clouds succession path: report
Goldman Sachs CEO David Solomon has reportedly ramped up his involvement in the bank's day-to-day operations -- an apparent effort to quash speculation about his possible exit that muddies the...
Goldman Sachs faces probe over fees charged for futures trading: report
Regulators privately authorized sending subpoenas to Goldman for information about fees charged for some futures block trades, Bloomberg reported.
Wall Street 'meme-lord' behind Litquidity account revealed as ex-Deutsche Bank dealmaker
Miami-born Henry "Hank" Medina described himself as "the observer" in an office full of "loudmouths" to the Financial Times, the first outlet to report on the man behind the @Liquidity...
Goldman Sachs shuffles management committee as two bankers exit: report
Goldman is also creating two new committees to help oversee investment banking and markets, the Journal's report added.
Top Goldman Sachs banker retires as CEO David Solomon makes clear he's not going anywhere
Jim Esposito, 56, who is credited with playing a major role in the merger of Goldman's investment banking and trading departments, will step aside.
Goldman Sachs notches worst annual profit in four years, 24% drop from 2022
The bank reported net income of $8.5 billion for 2023 — a 24% drop from 2022 and the lowest level the bank has seen in four years.
Goldman Sachs' exclusive — and bloated — 'management committee' of top bankers may get even bigger: insiders
“They’ve been telling everyone they’re going to do a shakeup of the MC for months,” a source said. “The problem is they’ve suggested to a large number of people they...