Goldman Sachs CEO David Solomon warns mass layoffs are just weeks away

Goldman Sachs CEO David Solomon has warned employees to brace for significant layoffs in the coming weeks, as the investment banking giant battens down the hatches for an economic downturn.…

UBS, ANZ, Goldman Sachs top investment banking fee league tables for Australian sector

At Macquarie Group, the bankers led by Tim Joyce and John Pickhaver (who is soon to move to New York to oversee the group’s energy and infrastructure unit) were in…

Goldman Sachs grumbling grows for bank to sack CEO David Solomon

The knives are out for Goldman Sachs CEO David Solomon, and this time the people brandishing them aren’t the usual suspects — his junior staffers annoyed that they have to…

Goldman Sachs set to slash bonuses for investment bankers by 40%

Goldman Sachs may slash the bonuses of its roughly 3,000 investment bankers by 40% as the Wall Street giant grapples with an economic downturn that has affected the entire financial…

Goldman Sachs weighs bonus cut of at least 40% at investment bank

Goldman Sachs is considering shrinking the bonus pool for its more than 3,000 investment bankers by at least 40 per cent this year, as chief executive David Solomon tries to…

After Ditching Goldman Sachs, Warren Buffett Is Buying This Investment Bank

Following the start of the pandemic in 2020, Berkshire Hathaway (BRK.A 0.35%) (BRK.B 0.40%), the large conglomerate run by legendary investor Warren Buffett, didn’t waste any time in disposing of its…

Goldman Sachs Lays Off Tech, Media, Telecom Investment Bankers

Roughly a dozen investment bankers said their farewells to Goldman  Sachs on Friday. Senior associates and vice presidents in Goldman’s tech, media, and telecommunications team were handed pink slips in…

Goldman Sachs consumer banking unit facing Fed scrutiny: report

Goldman Sachs’ consumer banking unit is being reviewed by the Federal Reserve, Bloomberg Law reported on Friday, citing people familiar with the matter. Goldman’s management has been subjected to questions and follow-ups from…

Goldman Sachs Slows Hiring, Brings Again Efficiency Opinions

Hi there, it is Aaron Weinman in New York. Goldman Sachs warned it’s going to gradual its hiring ambitions and convey again dreaded annual efficiency evaluations. The financial institution put…