Goldman Sachs quarterly profits hit by bonuses after bank's biggest year
Full-year net profits more than doubled to US$21.2bn with pay costs jumping 33% to US$17.7bn
Company
Goldman Sachs Group Inc
NYSE:GS
The Goldman Sachs Group Inc is a leading global financial institution that delivers a broad range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.
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Oil price to hit US$100 this year predicts Goldman Sachs
Oil stocks will drop to their lowest level since 2000 by the middle of the year
US stocks rebound from losing streak to start the year as all major indices close Tuesday in the green
At noon, the Dow Jones Industrial Average was up 14 points, or 0.1% at 36,083, while the broader S&P 500 index and the tech-heavy Nasdaq Composite gained 0.5% and 1.3%, respectively
Bitcoin can hit US$100,000 as it rivals gold as a store of value, say Goldman Sachs
Analysts at the investment bank believe the price could soar in the next five years
The Mining Sector: 4 key trends for 2022
All told, 2022 ought to be a year of recovery. But 12 months is a long time in the global economic cycle
Investments and investor services
Anchorage attracts Wall St big beasts as value soars to US$3bn
KKR led a Series D funding round that raised US$350mln
Oil market volatility continues as Biden asks Asian consuming nations to tap their reserves
Despite OPEC and friends declaring that the market is well supplied with oil, the US administration is urging the release of strategic reserves to calm the price
Deltic Energy appoints former Goldman Sachs and ABN Amro man as non-executive director
He brings over 40 years of experience in oil and gas research as well as with small and mid-cap companies
Ethereum hits all-time high following Bitcoin’s rally
The continued strength of Ethereum comes as cryptocurrencies are increasingly being adopted by banks, alongside the growth of NFTs.
Goldman Sachs predicts Ethereum will almost double by end-of-year
Goldman analysts have previous identified ETH as the cryptocurrency with the "highest real-use potential"
Fashion rental firm Rent the Runway seeks to raise US$315mln in IPO
The company would have a market value of almost US$1.5bn
US stocks end lower as inflation concerns linger
At the close, the Dow eased 118 points to 34,378, while the S&P 500 gave back 11 points at 4,351 and the tech-heavy Nasdaq slipped 20 points to 14,466
Small Cap Wrap - Zephyr Energy, The Property Franchise Group, Solid State and more...
The Rocky Mountain oil and gas company focused on responsible resource development announced the acquisition of two additional non-operated near-term production portfolios in the Williston Basin, and a JV with Purified Resource Partners LLC
Goldman Sachs unit Petershill to IPO in London valued at US$5bn
The business will be a standalone company operated by the Goldman Sachs Asset Management team
Spread of Delta variant in Asia raising inflation and supply chain risks, says Goldman Sachs
Any setbacks in the Asia Pacific region could also pose an upside inflation risk
Goldman Sachs to raise salary of junior staff amid surge in dealmaking
Other banks have upgraded the salaries of junior staff this summer to compensate them for the extra work done in a particularly busy season
Goldman Sachs files application for DeFi and Blockchain ETF
In an SEC filing, the investment bank said the ETF will aim to provide exposure to companies that are aligned with “the implementation of Blockchain Technology and the Digitalization of Finance” and will have at least 80% of its assets inve
Nasdaq launches dealing platform for private companies
The new market will be open to private companies, brokers and investors
Goldman Sachs and JP Morgan bumper profits fail to impress
Goldman reported the second-best quarterly outturn in its history
Goldman Sachs tips Ethereum to emerge as crypto kingpin
Ether can become the development platform of choice for smart contracts