Sidney J. Weinberg Jr., a senior director of Goldman Sachs and a member of the family dynasty that had played a central role at the investment banking firm since 1907, died Monday at his home in Marion, Mass. Mr. Weinberg, who was also a significant philanthropist, was 87, The New York Times’s Dennis Hevesi reports. [...]
Goldman Sachs Group is seeking 15.92 billion Hong Kong dollars ($2.05 billion) from selling shares in Industrial & Commercial Bank of China, terms for the transaction show. Goldman Sachs is offering 2.75 billion shares at 5.70 to 5.79 Hong Kong dollars apiece, the terms show. The New York-based investment bank will continue to own 10.4 [...]
Goldman Sachs proprietary traders who created a hedge fund within the firm in 2007 have generated a return of about 3 percent this year, beating the industry average, Bloomberg News reported, citing people briefed on the gain. Goldman Sachs Investment Partners, composed of former employees of the principal-strategies team led by Raanan Agus and Kenneth [...]
It took a Congressional inquiry this year to force Goldman Sachs Group to disclose how much it made in the mortgage market — and that was only for 2007, Bloomberg News reports. Goldman Sachs hasn’t revealed mortgage-trading revenue since then, leaving investors to guess how much it contributes to the fixed-income, currency and commodities division, [...]
The legal sparring between Goldman Sachs and the unsecured creditors of the Bayou Group escalated late Wednesday, when the creditors asked a federal court to uphold a big award against the firm and remove seal that has been placed on the case. In June, Goldman was ordered to pay $20.6 million, the largest arbitration award [...]
After several pressure-filled months, Goldman Sachs is using the end-of-summer doldrums as an opportunity to unwind. For Lloyd Blankfein, Goldman’s chief executive, summer may mean swimathons in Southampton. For less fortunate Manhattan-bound employees, late-summer relaxation has come in the form of a privilege rarely granted: the chance to wear jeans to the office. According to [...]
Twitter
Facebook