The market for initial public offerings is getting too euphoric and unhealthy in the longer term, according to Goldman Sachs Chief Executive David Solomon. “ ‘I do think we’re at a moment in time where there is a lot of euphoria…and I don’t think in the long run [that] that’s healthy.’ …
Read More » Goldman Sachs Group Inc. is moving to acquire 100% ownership of its securities joint venture in China, deepening its investment in the world’s second-largest economy 17 years after setting up shop with a domestic partner. The New York-based investment bank is applying with Chinese regulators to take full control of Goldman Sachs Gao Hua …
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Goldman Sachs is being forced to open a new stock-trading hub in Paris, due to uncertainty surrounding Brexit and London’s future as a European center for the trading of equities. The investment-banking giant announced on Tuesday that it would open the new hub before the end of the year, pending …
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The 1 Malaysia Development Berhad (1MDB) logo is seen through the window of a car in Kuala Lumpu, Malaysia, in 2016. AFP/Getty Images Goldman Sachs Group Inc. has agreed to a more-than-$ 2 billion settlement with the U.S. Justice Department for its role in Malaysia’s 1MDB scandal, Bloomberg News reported …
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David Solomon (Getty Images) Goldman Sachs Chief Executive David Solomon said he spent every day in the office at the height of the coronavirus pandemic. “It wasn’t a decision, like I woke up one day and said, ‘I’m going to be in the office every day during the pandemic,’” Solomon told …
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Rainbow, North East England. Owen Humphreys/Zuma Press Goldman Sachs has gotten on the bandwagon in terms of thinking defaults by speculative or “junk” rated U.S. companies won’t get a whole lot worse this year. Analysts at the bank this week cut their default forecast for the sector to 10.5% from …
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Don’t believe the hype. That’s the message from Sharmin Mossavar-Rahmani, chief investment officer of private wealth management at Goldman Sachs, who thinks that gold is overpriced and has no clear role in the portfolios of her private clients. Our view is that gold is only appropriate if you have a …
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“ ‘Risk to the downside is greater than the opportunity to the upside from this point where we stand today.’ ” That’s Goldman Sachs’s chief equity strategist, David Kostin, explaining during a CNBC phone interview on Tuesday that recent enthusiasm for stocks don’t necessarily constitute an all-clear signal for bullish …
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