2024-04-23 | Industry Dynamics
Today’s News Goldman Sachs has recently transferred its top investment banker for European financial companies from London to Paris as part of its ongoing post-Brexit reorganization efforts. Dirk Lievens, head of Goldman’s financial institutions group for Europe, the Middle East, and Africa, relocated to Paris last month to better serve the bank’s continental European […]
2024-03-29 | Industry Dynamics
Today’s News Several lawsuits against Goldman Sachs Group Inc and Morgan Stanley have been dismissed by a U.S. judge in connection with the rapid collapse of Bill Hwang’s USD 36 billion firm, Archegos Capital Management, in March 2021. The lawsuits, which accused the banks of misconduct fueling the collapse, were dismissed with prejudice, meaning they […]
2024-02-26 | Industry Dynamics
Today’s News Mohammed Zina, the 35-year-old former Goldman Sachs analyst, found himself in a state of despair at London’s Southwark Crown Court when the jury foreperson pronounced “guilty” nine times, marking the culmination of a nearly three-month trial on charges of insider dealing and fraud. Dressed sharply, Zina, whose promising banking career had taken a […]
2024-01-30 | Industry Dynamics
Today’s News Goldman Sachs is facing a significant change as Jim Esposito, a key figure in the company for almost three decades and co-head of its expansive global banking and markets division, has announced his departure. Esposito, instrumental in merging the investment-banking and trading teams during the 2022 reorganization, had ambitions of becoming president or […]
2024-01-15 | Industry Dynamics
Today’s News Goldman Sachs is undergoing a strategic shift, redirecting its lending focus from Main Street consumers to wealthier clients, such as hedge funds and private equity. The bank is increasing loans to its private-wealth clients, individuals and families with an average of USD 60 million, aiming to diversify its revenue beyond dealmaking and trading. […]
2023-12-20 | Industry Dynamics
Today’s News Goldman Sachs intends to increase bonuses for its trading division despite a decline in revenues this year, as revealed by sources familiar with the matter. The bonus pool for traders is expected to see a slight climb from the previous year, with discussions on pay ongoing at Wall Street banks, although final decisions at […]
