Category: Goldman Sachs Group Inc

For Many Wall Street Bankers, This Year’s Bonus Season Is a Bust

The New York Times – Business:
There were fewer mergers and public listings this year, shrinking investment banking revenue. For bankers, that means a smaller pot of money for bonuses.
Wall Street Fears the Fed May Tip the Economy Into Recession

The New York Times – Business:
The Federal Reserve’s commitment to vanquish inflation is continuing to add volatility to the stock market.
An Activist Investor Takes on BlackRock Over E.S.G.

The New York Times – Business:
A hedge fund sees BlackRock’s embrace of E.S.G. principles as a distraction, and it wants the money-management giant’s C.E.O., Laurence Fink, to step down.
Adidas Cuts Ties With Kanye West

The New York Times – Business:
The sportswear brand calculates it will incur a $246 million cost for its decision to terminate its partnership with the hip-hop mogul.
What the Banks Stock Rally Says About Wall Street

The New York Times – Business:
A strong batch of earnings have propelled bank stocks in recent days, but investors remain more cautious on the outlook of Goldman Sachs and Morgan Stanley.
Stocks Rise as Corporate Earnings Again Beat Expectations

The New York Times – Business:
Another batch of quarterly profits beat analyst expectations, but some warn that the rally could be short-lived, giving way to more selling.
Goldman Sachs Restructures Its Divisions, Elevating Tech Offerings as Profit Falls

The New York Times – Business:
The bank will combine trading and investment banking into one unit; asset management, wealth management and consumer businesses into another; and its digital offerings in a third.