Goldman Sachs

Goldman Sachs CEO Says Inflation May Be More Persistent Than Expected
Goldman Sachs CEO Says Inflation May Be More Persistent Than Expected
September 13, 2023  |  Economy

Goldman Sachs CEO David Solomon reportedly expressed uncertainty about the U.S. economic outlook while highlighting the potential for a soft landing. The chance of a relatively soft landing...

READ MORE >
Barclays CEO Says Job Cuts Are in Line With Industry
Barclays CEO Says Job Cuts Are in Line With Industry
September 11, 2023  |  Banking

Barclays Plc plans to cut hundreds of jobs, following many other financial institutions that have done the same. CEO C.S. Venkatakrishnan told CNBC Monday (Sept. 11) that...

READ MORE >
Goldman Sachs Reshuffles Exec Team as Longtime COO Retires
Goldman Sachs Reshuffles Exec Team as Longtime COO Retires
September 11, 2023  |  Personnel

Goldman Sachs has reshuffled its leadership team following the retirement of longtime executive Laurence Stein. Stein has spent 27 years at the banking giant, most recently serving...

READ MORE >
DoorDash CEO Calls Out Instacart Amid Aggregator’s Own eGrocery Push
DoorDash CEO Calls Out Instacart Amid Aggregator’s Own eGrocery Push
September 06, 2023  |  eCommerce

As DoorDash pushes to grow its share of online grocery, Tony Xu, CEO of the San Francisco-based aggregator, is reportedly casting doubt on Instacart in...

READ MORE >
Goldman Warned by Fed Over FinTech Risk
Goldman Warned by Fed Over FinTech Risk
September 01, 2023  |  Bank Regulation

The Federal Reserve has issued a warning to Goldman Sachs regarding risk and compliance oversight at its FinTech unit. The regulatory concerns raised by the...

READ MORE >
Goldman’s GreenSky Sale Has Implications for FinTech ‘Exit Strategies’
Goldman’s GreenSky Sale Has Implications for FinTech ‘Exit Strategies’
August 30, 2023  |  Fintech Investments

Goldman Sachs’ sale of its FinTech lender, GreenSky, is reportedly close to being a done deal. As reported this week, the company is, per Bloomberg, drawing interest...

READ MORE >
Goldman Hands Off Personal Finance Unit to Creative Planning
Goldman Hands Off Personal Finance Unit to Creative Planning
August 28, 2023  |  Banking

Goldman Sachs is selling its personal finance business to investment adviser Creative Planning. The deal, announced Monday (Aug. 28), comes one week after the news that Goldman was considering...

READ MORE >
Goldman Exploring Sale of Personal Finance Unit
Goldman Exploring Sale of Personal Finance Unit
August 21, 2023  |  Banking

Goldman Sachs could sell its personal financial management business as it moves away from retail banking. “We see continued opportunities to invest in this segment but...

READ MORE >
Goldman Sachs: AI’s GDP Impact Could Be Bigger Than Electricity
Goldman Sachs: AI’s GDP Impact Could Be Bigger Than Electricity
August 03, 2023  |  artificial intelligence

Could the impact of artificial intelligence (AI) on the economy eclipse that of electricity? It’s possible, according to a recent report by Goldman Sachs Economics Research that...

READ MORE >