The Wall Street giant is likely to be paid more than $100 million for its role in a bond purchase that ultimately failed to save the California bank from collapse.
Category: Goldman Sachs Group Inc
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Goldman Sachs Eyes a Big Payout from Silicon Valley Bank Deal
The New York Times – Business: -
Shares in First Republic and Others Rise After Federal Bank Rescue
The New York Times – Business:First Republic, Western Alliance and PacWest Bancorp shares were set to rise on Tuesday after one of the industry’s worst stock routs in years.
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Troubles at Silicon Valley Bank Rock the Global Stock Market.
The New York Times – Business:Shares in the bank, a go-to funder of tech start-ups, have fallen more than 60 percent in the past day as investors fear for its finances, and those of similarly sized lenders.
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Former Goldman Banker Gets 10 Years in Prison for His Role in 1MDB Scandal
The New York Times – Business:Roger Ng, who was convicted of bribery and money-laundering charges last year, was sentenced to a 10-year prison term.
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Salesforce Faces Mounting Investor Pressure As Profits Sag
The New York Times – Business:The software giant faces mounting pressure from activist investors and pushback from employees unhappy about a wave of firings and the scaling back of office perks.
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How Biden Is Seeking to Reshape Business via the CHIPS Act
The New York Times – Business:Big strings are attached to funding for chip makers, meant to bolster Democratic priorities including child care for workers and discouragement of stock buybacks.
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The Winners and Losers from Super Bowl LVII
The New York Times – Business:There were surprises on-field and off — from Rihanna’s halftime performance to Disney’s controversial ad splash.
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Carlyle Taps a Former Goldman Exec to Fill Leadership Void
The New York Times – Business:The private equity giant has fallen behind rivals in fundraising in recent months, and its stock has underperformed the broader market.
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Carlyle Names Harvey Schwartz, Former Goldman Sachs Executive, as CEO
The New York Times – Business:Harvey Schwartz, who was passed over for the top job at Goldman Sachs, is taking over at the private equity giant.
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The Blurred Lines Between Goldman C.E.O.’s Day Job and His D.J. Gig
The New York Times – Business:David Solomon brushes off D.J.ing as a minor hobby that has little to do with his work at the bank, but his activities may pose potential conflicts of interest.