Goldman Sachs

Goldman to Report $2B Loss in Credit Card, Installment Businesses
Goldman to Report $2B Loss in Credit Card, Installment Businesses
January 08, 2023  |  Earnings

Goldman Sachs is reportedly set to unveil a $2 billion loss in its new business. The loss in its credit card and installment-lending business Platform...

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Goldman’s Swati Bhatia Retires as Consumer Banking Leader
Goldman’s Swati Bhatia Retires as Consumer Banking Leader
January 04, 2023  |  Personnel

The head of Goldman Sachs’ consumer banking business is stepping down. Swati Bhatia, a former PayPal and Stripe executive who joined Goldman in February 2021,...

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Goldman Sachs Deepens Banking Partnership With Apple
Goldman Sachs Deepens Banking Partnership With Apple
December 22, 2022  |  Digital Banking

Goldman Sachs is expanding its banking partnership with Apple, something other banks have resisted. A Thursday (Dec. 22) report by The Wall Street Journal —...

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Goldman Sachs Layoffs May Reach 4,000 Across Firm
Goldman Sachs Layoffs May Reach 4,000 Across Firm
December 16, 2022  |  Personnel

Goldman Sachs layoffs reportedly may reach as many as 4,000 employees. Reuters reported Friday (Dec. 16) that these planned cuts follow the firm’s laying off...

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Wall Street Wobbles on Cheesecake Factory as Inflation Hits Restaurant Spending
Wall Street Wobbles on Cheesecake Factory as Inflation Hits Restaurant Spending
December 13, 2022  |  Economy

As inflation cuts into restaurant spending, Goldman Sachs has cut its opinion of Cheesecake Factory’s stock. This, as the powerful investment bank downgraded the restaurant...

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Goldman Plans to Cut Consumer Banking Staff and Marcus Personal Loans
Goldman Plans to Cut Consumer Banking Staff and Marcus Personal Loans
December 12, 2022  |  Banking

Goldman Sachs reportedly plans to make cutbacks in its retail banking business.  The Financial Times reported Monday (Dec. 12) that the firm is considering cutting...

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Goldman Investing in Crypto Firms in Wake of FTX Crisis
Goldman Investing in Crypto Firms in Wake of FTX Crisis
December 06, 2022  |  Cryptocurrency

Goldman Sachs is looking to buy cryptocurrency companies as the sector reels from FTX’s collapse The fall of that crypto exchange last month has underlined...

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Goldman Sachs Weighed Purchase of Card Tech Firms
Goldman Sachs Weighed Purchase of Card Tech Firms
November 08, 2022  |  Acquisitions

Goldman Sachs has explored purchasing a payments technology company to enhance its credit card offerings. That’s according to a Wall Street Journal report Tuesday (Nov....

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Goldman Sachs Introduces Crypto Asset Classification System Datonomy
Goldman Sachs Introduces Crypto Asset Classification System Datonomy
November 03, 2022  |  Cryptocurrency

Goldman Sachs has partnered with cryptocurrency financial data company Coin Metrics and investment group MSCI to create a new digital asset classification tool for investors....

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