The global investment bank announced on Tuesday that the 54-year-old banker would step into the position in October.
"This is a policy we don't support."
Trump has reportedly asked Gary Cohn, Goldman Sachs president and COO, to lead his National Economic Council. As Trump's cabinet fills with Goldman-related people, the bank's shares are soaring.
A conservative group of CEOs of major U.S. corporations welcomed the president-elect’s nomination of Steven Mnuchin and Wilbur Ross to the Cabinet.
Analysts at Zacks Investment Research predicted that Goldman would not beat its estimates, due to “a challenging environment, low interest rates and global growth concerns.”
The investment bank prevents all partners from making donations to certain political campaigns.
The bank, like other Wall Street firms, has been focusing on cutting costs amid concerns about slowing growth.
“We have not made any changes to our real estate requirements in Frankfurt as a result of the referendum result,” Goldman said in a statement.
Cuts in the trading and sales division come as the investment bank led by CEO Lloyd Blankfein grapples with a changing banking landscape.
Parking your cash at the prestigious — and often criticized — investment bank might be a smart move. Here’s why.
Reporting a steep earnings drop for the first quarter, financial giant Goldman Sachs is feeling the pain in its investment banking and trading divisions.
The company has already started trimming its operations, and is increasingly rejecting bankers’ spending on travel, hotels and entertainment, Bloomberg reported.
Executive salaries were trimmed by 4 percent to 5 percent from the previous year due to “challenging financial markets,” the bank said Friday.
“He’s out there. He fights from the heart. This is who Bernie is,” Massachusetts Sen. Elizabeth Warren said on Thursday.
Wall Street CEOs, including Goldman Sachs' Lloyd Blankfein, expressed bewilderment at the scale of the 2008 financial crisis, newly released documents show.
Banks in the U.S. are examining ways to cut expenses even more, as market turmoil have sent the sector’s shares down.
The Democratic presidential front-runner, expected to announce a new tax targeting U.S. companies that move their addresses overseas, aims to show she is hard on Wall Street.
Goldman Sachs CEO Lloyd Blankfein announced Tuesday that he has cancer, illustrating a shift in the debate over whether details of a chief exec's health are public or private.
"Late this summer after several weeks of not feeling well, I underwent a series of tests, which culminated in a biopsy last week."
“They don’t have a lot of experience in this market stuff,” Lloyd Blankfein said.
Hillary Clinton is making bashing Wall Street part of her campaign message, yet she doesn’t have to go far to find folks who work in the industry.
The Wall Street titan is reportedly preparing to enter new terrain: personal and business loans for the masses.