Apollo Global Management has named Marc Spilker, a former Goldman Sachs Group executive, to the new position of president, as the private equity firm bolsters its management ranks to ready itself for life as a publicly traded company. Mr. Spilker, who joins Apollo on Wednesday, will run the day-to-day operations of Apollo and sit on [...]
Jin Lee/Bloomberg News College newspapers have always been home to short-tempered columnists raging against the establishment, but Tony Manfred, a history major at Cornell, struck an especially bitter tone this week. His column, which was featured in the op-ed section of The Cornell Daily Sun, was headlined: “Throw Goldman Sachs Off Campus.” “Goldman Sachs is [...]
Goldman Sachs reaped more than $75 million in trading revenue on 31 separate days in the third quarter, an impressive showing, but down from previous quarters this year. The firm disclosed on Tuesday in a filing with the Securities and Exchange Commission that its daily trading revenue dipped into the red on just two days [...]
Nomura Holdings, Goldman Sachs and Bank of America are moving investment bankers who specialize in advising financial-services companies to Asia as banks and insurers sell record amounts of shares, Bloomberg News reports. Nomura, Japan’s largest securities firm, is moving Petter Sternby to Hong Kong from London as a managing director at its Asian financial institutions [...]
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 [...]
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. [...]
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