Goldman Sachs Alternatives raised more than $20 billion for senior direct lending. The total includes $13.1 billion in its West Street Loan Partners V fund, $7 billion in large-cap senior direct lending managed accounts and $550 million of co-investment vehicles alongside the fund, the business...
The tougher capital requirements the government had planned for banks may not be as tough. That’s according to a Sunday (May 19) report by The Wall Street Journal (WSJ), which argues that efforts by banking CEOs like JPMorgan Chase’s Jamie Dimon to push back against the Federal Reserve’s proposal that banks hold more...
Goldman Sachs is reportedly closer to exiting its General Motors credit card business. The banking giant is in discussions with Barclays to transfer the issuance of the cards, the latest in its long-term project to move away from consumer lending, the Wall Street Journal (WSJ)...
Independent digital investment advisor Betterment has reached an agreement with Goldman Sachs to acquire the digital investment accounts of Marcus Invest. Subject to customary closing conditions, those accounts will be transferred to Betterment around June 29, the companies said in a Monday (April 22) press release. Customers will have the option...
April 22, 2024
The CE 100 Index gave up 3.5% for the week as earnings season began in full swing. Stock market gains were few and far between. The banking group eked out a 1% gain. Goldman Sachs shares were up 3.8%. The company reported earnings that got a boost from Wall Street-related activities. During the conference call with analysts, […]
January 17, 2024
Odds are if you’re reading this you’ve had to deal with a contract at some point in your career. The odds are also in favor of that contract requiring some...
December 18, 2023
A broad stock market rally was the hallmark of last week’s trading action. The Federal Reserve signaled a pause on interest rate hikes and three possible rate cuts next year....
October 16, 2023
There’s the ambition, and then there’s the reality. For Goldman Sachs, the retreat from consumer-focused, Main Street-financial services continues — evidence of just how bumpy a road can be in...
May 30, 2024
A longtime Goldman Sachs executive is the Federal Reserve Bank of Cleveland’s new leader. Beth Hammack, co-head of global finance at Goldman, has been named the Cleveland Fed’s new president and CEO, the central bank announced Wednesday (May 29). In addition to leading the Cleveland Fed’s 1,100 employees, Hammock will also represent the Fourth Federal […]
May 29, 2024
Goldman Sachs Alternatives raised more than $20 billion for senior direct lending. The total includes $13.1 billion in its West Street Loan Partners V fund, $7 billion in large-cap senior...
May 19, 2024
The tougher capital requirements the government had planned for banks may not be as tough. That’s according to a Sunday (May 19) report by The Wall Street Journal (WSJ), which argues that...
April 30, 2024
Goldman Sachs is reportedly closer to exiting its General Motors credit card business. The banking giant is in discussions with Barclays to transfer the issuance of the cards, the latest...