Goldman Sachs will divide $3.8 billion among 35,400 employees in the third quarter, a pay pool reduced significantly from the period a year earlier, The Financial Times reported. The cuts result from a slump in the bank’s profit as a result of a slowdown in trading, as well as the fact that Goldman is now [...]
Pierre-Henri Flamand, the former London-based head of Goldman Sachs’s principal strategies group, has raised more than $1 billion in capital and commitments for his new hedge fund, Edoma Capital, MarketWatch reported, citing a person with knowledge of the matter. Edoma raised $820 million for its start later this year, and another $450 million in future [...]
Goldman Sachs, it appears, may have a slight trust problem. The investment bank has been working to repair a public image that has been damaged by accusations that it profited during the financial crisis but, The New York Post reports, it may still have a way to go — at least according to some investors. [...]
8:28 a.m. | Updated Goldman Sachs, struggling with a weak trading environment, reported declines on Tuesday in most of its major business units for the third quarter. Revenue in its stock and bond divisions fell sharply from the period a year earlier. But the performance of its investment bank, which makes fees from arranging mergers [...]
Yahoo, which is reportedly the target – or not – of a potential takeover by AOL and private-equity firms, has been holding meetings with its bankers to prepare itself in the event it receives an offer, people close to the company said. And who are its bankers? Well, Goldman Sachs. That would be the same [...]
An investigation by the inspector general of the Securities and Exchange Commission found no evidence that the agency’s lawsuit against Goldman Sachs was politically motivated or that S.E.C. officials leaked advance information about the lawsuit to the media, Edward Wyatt reports in The New York Times. H. David Kotz, the S.E.C. inspector general, who is [...]
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