Goldman Sachs brings bad news for the French economy October 17, 2014 One of the world's biggest investment banks is asking some probing questions about France's beleaguered economy. Last week, President Francois Hollande's socialist government suffered a fresh blow when rating agency Standard & Poor's cut its credit outlook to negative due to the country's sluggish performance. Here's what Goldman Sachs thinks the future holds for the [...]
Goldman Sachs’ share price flops despite better-than-expected profits and revenue October 16, 2014 Goldman Sachs’ share price flopped in early morning trading, even after the investment bank’s third-quarter earnings and revenue smashed analysts’ expectations. Shares in the New York-based investment bank opened around two per cent down on last night’s closing price of $177.42. Net earnings for the three months ended September 30 came in at [...]
Christopher Bailey tops OUTstanding list of LGBT business leaders as Goldman Sachs and JP Morgan bosses make straight allies cut October 8, 2014 Two of the world’s best known names in banking have shattered any perceptions of stuffy conservatism by featuring in lesbian, gay, bisexual, and transgender (LGBT) professional network OUTstanding’s top 10 straight allies’ list. Goldman Sachs boss Lloyd Blankfein came in second with JP Morgan’s Jamie Dimon not far behind in sixth, recognising the contribution the [...]
Libya’s $1bn hangover after Goldman Sachs bankers paid for “lavish trip” to Morocco with “heavy drinking and girls involved” October 6, 2014 Goldman Sachs bankers took Libyan sovereign wealth fund bosses on a boozy weekend to Marrakesh – befriending them before selling them financial products the clients did not understand, the High Court heard yesterday. Libyan Investment Authority (LIA) said it lost $1bn (£622m) on the deals from January to April 2008, and told the court it [...]
UBS and Goldman Sachs left red-faced by AngloGold Ashanti $2.1bn float flop September 15, 2014 Proposals for a new London-listed mining spin-off worth £3bn hit the dust yesterday, as shareholders at one of the world’s top gold miners revolted over a $2.1bn (£1.3bn) rights issue key to the massive restructuring. South Africa-based AngloGold Ashanti was forced into a U-turn just five days after it announced it would spin off [...]
Goldman Sachs to issue $500m Islamic bond September 4, 2014 Goldman Sachs is planning to issue its first Islamic bond, or sukuk, and intends to meet potential investors in Qatar and the United Arab Emirates next week. According to the FT, the issuance is expected to consist of five-year bonds with a combined value of $500m. The US bank will be the second financial institution [...]