December 06, 2022 | Daily Business Review
Wells Fargo Looking at Paying Depositors More: Goldman UpdateWells Fargo & Co. Chief Executive Officer Charlie Scharf said the bank is working to find the right balance of how much to raise the rates it's paying depositors while protecting the firm's profitability.
By Sridhar Natarajan and Kevin Orland, Bloomberg News
2 minute read
October 18, 2022 | Daily Business Review
Goldman Shakes Up Leadership Ranks in Yet Another OverhaulGoldman Sachs plans to once again combine its expanded asset-management and private-wealth businesses into one unit and will fuse its investment-banking and trading operations under one group.
By Sridhar Natarajan
4 minute read
September 01, 2022 | Daily Business Review
Goldman Hires Trump China Trade War, IMF Vet OkamotoGeoffrey Okamoto worked for then-Treasury Secretary Steven Mnuchin on international affairs, including trade negotiations with China that led to the so-called phase one agreement.
By Eric Martin and Sridhar Natarajan
3 minute read
July 18, 2022 | Daily Business Review
Goldman Traders Rescue Results From Investment-Banking SlumpGoldman Sachs was the last of the six biggest U.S. banks to post results, with investors scouring the reports for clues on the health of the economy.
By Sridhar Natarajan
4 minute read
July 14, 2022 | Daily Business Review
Morgan Stanley Hit by Banking Slump as Recession Fears LoomSurging inflation and Federal Reserve efforts to help combat it have put investors on watch for a recession and the spillover effect an economic contraction can have for financial firms.
By Sridhar Natarajan
4 minute read
April 08, 2022 | Daily Business Review
Goldman's Special CEO Bonus Is Rebuked by Shareholder AdviserGlass Lewis, a major voice on annual shareholder votes, is recommending Goldman Sachs investors vote against a pay package that puts CEO David Solomon, pictured, and John Waldron, the bank's president, in line for about $50 million in one-time bonuses.
By Sridhar Natarajan
4 minute read
March 10, 2022 | Daily Business Review
Goldman Sachs to Exit Russia in Wall Street's First PulloutGoldman Sachs has maintained a presence in Russia in recent years, but the country doesn't amount to a meaningful portion of its global banking business.
By Sridhar Natarajan
2 minute read
March 04, 2022 | Daily Business Review
Wall Street Is Pouncing on Russia's Cheap Corporate DebtFinding ways to wager on distressed securities is standard fare on Wall Street, but doing so in the wake of Russia's widely condemned invasion of Ukraine brings unique risks.
By Laura Benitez, Sridhar Natarajan and Katia Porzecanski
4 minute read
January 24, 2022 | Daily Business Review
Goldman Shakes Up $1.7 Trillion Unit With Slew of Changes at TopGoldman Sachs CEO David Solomon has installed at least one executive from investment banking, the division he used to run, in a leadership role at each of Goldman's four business lines.
By Sridhar Natarajan
4 minute read
January 13, 2022 | Daily Business Review
Goldman Commodities Trading Desk Is Minting Billions AgainWhen veteran dealmaker David Solomon, above, took over as Goldman Sachs CEO in 2018, the team of colleagues he elevated sweated over the capital allocated to commodities, the paltry revenue it was generating and the miserable return on equity that might antagonize shareholders.
By Sridhar Natarajan and Jack Farchy
5 minute read
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