I despise the phenomenon of CEO virtue-signaling. It often feels insincere and leads to negative consequences. However, under the current circumstances, with Israel facing potential annihilation following a horrific terrorist attack, it may be a suitable time for such displays, even if they are performative. In an odd twist, corporate America has been unusually reserved …
A former executive of Goldman Sachs, who was convicted for his involvement in the multibillion-dollar theft of a Malaysian sovereign wealth fund, has returned to Malaysia to aid in the recovery of assets, according to Home Minister Saifuddin Nasution. Roger Ng Chong Hwa, a Malaysian national, was convicted by a U.S. District Court jury last …
An ex-Goldman Sachs analyst from Long Island, who is now facing federal charges for insider trading after allegedly sharing confidential information with childhood friends, previously won a $1,000 prize at an ethics competition during his college years. Anthony Viggiano, a resident of Baldwin, Nassau County, and three classmates from the University of Tampa were awarded …
The Securities and Exchange Commission (SEC) revealed on Friday that Goldman Sachs has been fined $6 million for submitting incomplete blue sheets, providing inaccurate information. This penalty comes after the SEC uncovered the financial giant’s failure to deliver complete and reliable details in its blue sheet documents, which outline transaction specifics and are required to …
Goldman Sachs is reportedly in advanced talks to sell its money-losing fintech unit, GreenSky, at a significant loss. This comes after Goldman’s CEO, David Solomon, paid over $2 billion to acquire the home improvement lender. The investment banking giant is in exclusive negotiations with a consortium led by Sixth Street Partners, which includes Pacific Investment …
Shares of Arm, a chip designer owned by SoftBank, began trading on Nasdaq under the ticker symbol “ARM” after the completion of a $54.5 billion IPO listing. This IPO marks the largest in the US since Rivian in 2021. So, what was the inspiration behind Elon Musk’s design for Tesla’s Cybertruck? Based in Cambridge, UK, …
Goldman Sachs, the Wall Street giant led by David Solomon, is reportedly facing a potential bloodbath in its Asset and Wealth Management unit, according to insider sources. A recent management reshuffle at the company saw the appointment of Will Bousquette, the former COO of global banking and markets, as the new COO of AWM. Bousquette …
Goldman Sachs took decisive action and terminated several executives in its transaction banking unit due to violations of the firm’s communications policy, as revealed in a memo obtained by Reuters. Although the memo refrained from disclosing the names of the individuals involved, it did announce that Philip Berlinski, the bank’s treasurer, would assume day-to-day responsibilities …
What on Earth is a Margin Call? Understanding Margin Trading In the world of investing, one strategy that many people use is margin trading. This allows investors to use borrowed money to invest in securities, such as stocks. Hedge funds, crypto traders, and retail traders often engage in margin trading. The concept is simple: if …
Goldman Sachs CEO David Solomon addressed recent criticism in a live interview on CNBC, acknowledging that it was “not fun,” but emphasizing his commitment to running the firm. He stated that he did not recognize the negative portrayal of him in the media and that his colleagues and clients shared this sentiment. Despite this, he …