Banking & Finance News

Banking & Finance

Goldman Sachs supports rural entrepreneurship with education investment

Goldman Sachs' 10,000 Small Businesses program has graduated 26 small business owners in West Virginia as part of its $100 million investment in rural communities.
Banking & Finance

Philippe Gallone appointed head of healthcare investment banking at Goldman Sachs

Goldman Sachs has announced the appointment of Philippe Gallone as the Head of Healthcare Investment Banking for Europe, the Middle East, and Africa (EMEA) within its Global Banking & Markets division.

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Banking & Finance

Goldman Sachs partners with MIT-IBM Watson AI Lab on biodiversity measurement

Goldman Sachs has partnered with the MIT-IBM Watson AI Lab to enhance biodiversity measurement using artificial intelligence.

Banking & Finance

Goldman Sachs explores spin-out opportunities for GS DAP with Tradeweb partnership

Goldman Sachs has announced its intention to explore strategic opportunities for spinning out its technology platform, GS DAP, from the Digital Assets business.

Banking & Finance

Goldman Sachs unveils enhanced family office platform for private wealth clients

The Goldman Sachs Group, Inc. has announced an expanded family office platform designed to offer private wealth clients greater flexibility and choice.

Banking & Finance

Denis Coleman to address Goldman Sachs U.S. Financial Services Conference

The Goldman Sachs Group, Inc. has announced that Denis Coleman, the company's chief financial officer, will be speaking at the upcoming Goldman Sachs U.S. Financial Services Conference.

Banking & Finance

PRYPCO CEO: 'You shouldn’t buy a full asset if you can afford it'

Amira Sajwani, founder and CEO of PRYPCO, said that purchasing fractional assets allows investors to "compete" with traditional "financial instruments" like bonds and stocks.

Banking & Finance

Tyler Miller joins Goldman Sachs as partner for power sector

The Goldman Sachs Group, Inc. has announced the appointment of Tyler Miller as Partner in the National Resources group and Global Co-Head of Power, Utilities and Infrastructure.

Banking & Finance

Goldman Sachs names new partner class for upcoming fiscal year

Goldman Sachs has announced its Partner Class of 2024, consisting of 95 individuals who will join the ranks of partners at the beginning of the next fiscal year on January 1, 2025.

Banking & Finance

Goldman Sachs reports Q3 earnings with $8.40 EPS

The Goldman Sachs Group, Inc. has released its financial results for the third quarter of 2024, reporting net revenues of $12.70 billion and net earnings of $2.99 billion.

Banking & Finance

Goldman Sachs announces preferred stock dividends payable in November and December

The Goldman Sachs Group, Inc. has announced dividends on several series of its non-cumulative preferred stock.

Banking & Finance

Melissa Goldman rejoins Goldman Sachs as partner leading tech engineering

The Goldman Sachs Group, Inc. has announced the appointment of Melissa Goldman as Partner and Global Head of Technology Engineering for Global Banking & Markets (GBM).

Banking & Finance

Goldman Sachs expands rural support initiative into Minnesota

Goldman Sachs has announced the expansion of its 10,000 Small Businesses initiative to Minnesota, as part of a broader $100 million investment aimed at supporting rural communities.

Banking & Finance

CEO of Arrow Global: 'You can invest in credit at higher rates and still sit at the top of the security waterfall'

Private credit is increasingly shaping the financial landscape, propelled by macroeconomic shifts, regulatory changes, and technological advancements. As interest rates remain high, private credit has become an attractive option for investors looking for higher returns and senior positions in security structures, especially compared to traditional equities.

Banking & Finance

Waystone: Valuation model avoids obstacles and ensure ‘valuations are accurate and reflective of real market conditions’

Valuation in private equity and private credit remains a complex and contentious issue, with growing scrutiny from regulatory authorities who have identified areas where valuation methodologies need improvement to ensure accuracy and transparency. Austin Brady, a product lead at Waystone, said the firm’s practices in their valuation model include several steps to ensure “valuations are accurate and reflective of real market conditions.”

Banking & Finance

Goldman Sachs' CET1 ratio set at 13.7% following Fed's buffer adjustment

The Federal Reserve has revised the stress capital buffer requirement for Goldman Sachs, lowering it to 6.2%.

Banking & Finance

Nerdy Nonprofit offers aid for Google grant seeking nonprofits

Nerdy Nonprofit offers assistance to organizations looking to benefit from the Google Ad Grants program.

Banking & Finance

McKinsey report shows private markets slowed in 2023

McKinsey & Company’s recently released Global Private Markets Review reveals that private markets slowed in 2023. The report points to macroeconomic headwinds, an increase in financing costs, and uncertainty in the growth outlook as contributors, which affects fundraising, deal activity, and performance.

Banking & Finance

Apple card tops customer satisfaction rankings for fourth consecutive year

Apple Card has been recognized as the Best Co-Branded Credit Card for Customer Satisfaction with No Annual Fee in the J.D. Power 2024 U.S. Credit Card Satisfaction Study.

Banking & Finance

Goldman Sachs CEO to speak at Barclays annual conference

The Goldman Sachs Group, Inc. has announced that its Chairman and CEO, David Solomon, will be speaking at the Barclays 22nd Annual Global Financial Services Conference.