Goldman Sachs is in advanced talks with several financial companies to spin off ‘Simon’, its three-year-old app that sells financial products to retail investors, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
Cohn's comments mostly tracked the sentiment of Wall Street bankers and other wealthy Americans who have felt unfairly maligned for the mortgage market’s collapse and the economic downturn that ensued.
The latest news extended the roller-coaster ride for the electric car-maker's investors in recent days, adding to uncertainty about the future course of the company.
Analysts covering Tesla are debating if Elon Musk's $420-a-share proposal is a fair price for the stock, or the transaction will even materialize.
Corporate buybacks in the second quarter by S&P 500 companies are at $135.2 billion based on filings so far from 71.8 percent of the S&P 500 companies, an analysis said.
The global investment bank announced on Tuesday that the 54-year-old banker would step into the position in October.
Anticipated flood of institutional money into cryptocurrencies is being slowed by three main obstacles.
On May 30, U.S. regulators unveiled a plan to modify the so-called Volcker Rule introduced following the 2007-2009 financial crisis, aiming to make compliance easier for many firms and relieving small banks altogether.
Creative fulfillment was one of the biggest reasons I quit investment banking, and it taught me that happiness is worth more than the paycheck.
The global head of investment research at Goldman Sachs is predicting most cryptocurrency coins aren't going to survive the bubble.
Dropbox, valued at $10 billion, recently filed for an IPO.
The bank is aiming to prevent a vote on an initiative to require executives to detail their efforts to influence politicians
Newly elected New Jersey Gov. Phil Murphy advocated for the legalization of recreational marijuana in his campaign.
It will probably be a while before American banks offer cryptocurrency — but the interest is already there.
The White House said National Economic Council Director Gary Cohn would recuse himself from matters directly affecting his old employer, Goldman Sachs. But groups Goldman is a member of have been directly lobbying the NEC.
Mike Pence’s handling of privatization deals for Indiana roads reveals how the vice president might shape the administration’s $1 trillion plan to rebuild America. Who would profit, and who would pay?
While the bank’s CFO wouldn’t comment on major financial regulatory measures, Goldman spends big on efforts to influence policy.
Democrat says White House aide Gary Cohn, a former Goldman Sachs president, is pushing a plan that "could be worth a fortune to Goldman.”
Goldman Sachs wants to buy U.S. infrastructure, and the bank's former president is the Trump administration official in charge of privatizing public assets.
São Paulo could soon rival established fintech hubs like London and New York, thanks to a fresh crop of Brazilian startups attracting international attention for innovative financial tech.
Goldman Sachs says Apple's upcoming iPhone 8 will cost $1,000, will come with 3D sensing, no home button, plus other features.
An analysis indicates the value of Wall Street bonuses has increased 890 percent since 1985 while the minimum wage has only increased 116 percent.