What is a transaction bank – a two-minute explainer
It is a low risk, high profit business for big banks
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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Goldman Sachs launches £35bn UK transaction bank
The banking giant set up a similar service in the US a year ago
Nutmeg owners set for windfall as JP Morgan snaps up robo-adviser for £700mln
JP Morgan’s purchase means big gains for 2,100 customers who backed a crowdfunding round
Summer demand and low US dollar expected to support strengthening crude market
With prices back at 2018 and 2019 levels, investment bank Goldman Sachs says it expects Brent crude to hit US$80 a barrel this summer
SEC reiterates cautious stance on Bitcoin futures
In a bulletin, the regulator urged investors to “weigh carefully the potential risks and benefits” of investing in funds with exposure to Bitcoin, warning that crypto investments are “highly speculative”
Bitcoin capital rules to be set at toughest level under new proposals
The Basel Committee on Banking Supervision, made up of regulators from across the global financial sector, has proposed new rules for crypto held by banks, saying the growth in digital assets “could increase global financial stability conce
Crypto firms still flouting anti-money laundering rules, says FCA
The UK regulator said it has extended the registration deadline for crypto asset firms until next March, however it said a “significantly high number of businesses” were not meeting the required standards
Bitcoin not comparable to gold says Goldman Sachs guru
Over the past four weeks, bitcoin has shed around US$20,000 to US36,762 while gold has risen by 1% to US$1,837 per oz.
Doge dosh: Goldman Sachs exec quits after raking in millions from memecoin’s surge
A managing director and head of Goldman’s emerging market sales division in London has reportedly resigned from the bank after landing a huge payday from the joke crypto's sudden jump in value this year
Soho House Group to change its name as part of NYSE listing plans
"Membership Collective Group" makes it sound like an anarcho-Marxist syndicate rather than a bunch of luvvies bitching about their colleagues or, for that matter, a house of ill repute
Ex-Goldman Sachs chair calls for Manchester United to simplify share structure
Jim O'Neill led the 'Red Knights' consortium in 2010 to sound out a takeover, and, he now calls for reform and divestment from the Glazer family.
Archive
ECB's Lagarde: Economic Support Needed "Well Into the Recovery"
Here are a couple of soundbites from Christine Lagarde’s statements today. “We consider that both fiscal and monetary support are needed and will be needed until the pandemic crisis is over” and “will be needed well into the recovery,” ECB
Goldman Sachs, JP Morgan blow estimates with stellar results
The banks are benefitting from the economic recovery and weak comparatives last year
Goldman Sachs to open office in Birmingham later this year
“We see tremendous opportunity to enhance our UK presence and continue delivering for our global clients,” said Richard Gnodde, the chief executive officer for Goldman Sachs International.
Oil prices muted as demand remains under pressure and world awaits staggered economic recovery
In Friday trading, Brent crude was priced above US$62 with WTI falling below US$60 a barrel.
US SEC opens inquiry into SPAC deals on Wall Street, report says
The regulator sent letters to Wall Street banks seeking information on their SPAC dealings, the four people said
Oil prices on the slide as "pandemic panic" resurfaces in Europe but Goldman Sachs sees buying opportunity
Sentiment turned gloomy as the oil price fell nearly 10%. In Friday trading, Brent crude was priced below US$63 with West Texas Intermediate (WTI) down lower than US$60 a barrel
Archive
Giant clean energy ETF to track broader range of companies
S&P is planning to more than double the number of companies that make up its clean energy benchmark to include those with “significant” and “moderate” clean energy exposure, rather than it being the primary business
How Saudi Arabia steers the crude price - two-minute explainer
A two-minute explainer on what it means when Goldman Sachs and others say Saudi is pursuing a tight oil market strategy
Brent crude price advances higher in wake of drone attack on Saudi Arabia oil port
Brent crude was up around 3%, trading up to a high of US$71.38 in Monday's early deals.