Tag: Goldman Sachs

Goldman Sachs appoints Stephen Scherr as new CFO
Big Business

Goldman Sachs appoints Stephen Scherr as new CFO

Goldman Sachs Group has named Stephen Scherr as its new Chief Financial Officer replacing Martin Chavez. The bank also named John Waldron as its president and chief operating officer. Waldron’s appointment will be effective Oct. 1 once David Solomon takes over from outgoing Chief Executive Officer Lloyd Blankfein, while Stephen […]

Goldman might sell its stake in Weinstein Co
Global

Goldman might sell its stake in Weinstein Co

America’s Goldman Sachs Group Inc said it is looking selling off its stake in Weinstein Co following allegations of sexual harassment against co-Chairman Harvey Weinstein. “There is no place for the inexcusable behavior that had been reported, and we strongly condemn it,” Andrew Williams, a spokesman for Goldman, said in an email […]

All is not well with Goldman Sachs
Global

All is not well with Goldman Sachs

Goldman Sachs International, the world’s second largest investment bank said its profit for 2016 fell by 37%. This is a huge drop given the fact that its 2016 profit is USD1.46 billion. The major downside in its business was its institutional investment advisory business. Its net revenue frll by 7% […]

GS Bank: Goldman Sachs For The Masses?
Big Business Tech

GS Bank: Goldman Sachs For The Masses?

Goldman Sachs is many things to the investment banking world. The big bank for the big billionaires. The bravest market maker, taking up humongous risks with financial engineering second to none. But Goldman Sachs fondly called GS, is not known to associate with the poor. GS is doing something opposite […]