The Wall Street bank disclosed $2 billion in quarterly profit, just above expectations and propelling the bank further in its turnaround.
Category: Solomon, David M
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CEOs Weigh Dropping Out of ‘Davos in the Desert’
The Future Investment Initiative kicks off in Riyadh next week, with questions swirling over who will attend and who will drop out of the event.
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Goldman Sachs Sells GreenSky BNPL Business
Goldman sells the consumer lender GreenSky after significant losses, less than two years after buying it.
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Israeli Start-ups Are Joining the Fight Against Hamas
The country is mobilizing 360,000 reservists as it prepares a major offensive in Gaza — including entrepreneurs and their young staff.
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Goldman’s C.E.O. Is Stuck, Without a Clear Lifeline
David Solomon’s management style is winning few fans amid the elite investment bank’s performance woes. He is mired in “quicksand” and unsure what to do.
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Goldman Sachs Reports Steep Fall in Profit, Highlighting Bank’s Woes
The investment bank reported a profit half as large as its rival Morgan Stanley, to say nothing of larger lenders.
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Regulators Raise the Alarm on a Potential Market Risk
Turmoil in the banking sector could have a knock-on effect on clearinghouses, the intermediaries between buyers and sellers in financial markets.
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Not Just a D.J., Goldman C.E.O. Also Dabbles in Luxury Real Estate
David Solomon is an adviser to and part owner of a private real estate company that Goldman Sachs has sought to do business with.
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Goldman Sachs Sheds Consumer Loans as Losses Mount
The Wall Street bank sold off some loans from its consumer-banking arm, Marcus, revealing a nearly $500 million loss in the business.
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Jamie Dimon Reprises 2008 Role as Rescuer of a Failing Bank
The New York Times – Business:The JPMorgan chief executive led an effort to raise $30 billion for First Republic, but no one is sure if it did any good.
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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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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.