No Credit: Apple exploring options to end its finance, credit card venture with Goldman Sachs
Goldman Sachs was looking for ways to pull out…
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Goldman Sachs says rupee’s recovery to be ‘short-lived’
Money dealers count Pakistani rupees and US dollars at an exchange in Islamabad. — AFP/FileThe recent significant gains made by the Pakistani currency against the US dollar will be short-lived as the recovery will fade due to…
Telegraph parent hires Goldman to turn page with new owners
The holding company of The Daily Telegraph has picked Goldman Sachs, the Wall Street investment banking giant, to oversee an auction of one of Britain's most prestigious newspaper publishers.Sky News has learnt the newly…
When CEO Tim Cook was once refused Apple Card – Times of India
All is reportedly not well between Goldman Sachs and the iPhone maker. Apple and Goldman Sachs' partnership, which created the Apple Cardand other financial products, is said to have become strained over time. Goldman is reported to be…
The great M&A slump is shaking up giants of investment banking
A few years ago, top investment bankers at Goldman Sachs Group Inc. wouldn’t even bother picking up phone calls from recruiters at smaller rivals. This year, managers at Jefferies Financial Group Inc., Evercore Inc. and PJT Partners Inc.…
Goldman Sachs: Goldman Sachs continues to lose money from Apple Card tie-up – Times of India
Goldman Sachs has experienced additional losses in their credit card business, mainly due to the AppleCard. The investment bank has recently shared its financial results for Q2 2023, indicating that they are still facing challenges with…
Goldman Sachs’ Q2 profits plummet by 62% amidst sluggish merger activity
AFP | | Posted by Singh Rahul Sunilkumar Goldman Sachs reported a steep drop in second-quarter profits Wednesday as it continued to struggle with an anaemic merger and acquisition market and weakness in trading. The logo for…
Goldman Sachs misses on profit after hits from GreenSky, real estate
Goldman Sachs on Wednesday posted profit below analysts' expectations amid write-downs tied to commercial real estate and the sale of its GreenSky lending unit.Here's what the company reported:Earnings: $3.08 a share vs. $3.18 a share…
Steep Profit Fall at Goldman Sachs Highlights Wall St. Giant’s Woes
The NumbersGoldman Sachs reported a profit of $1.1 billion in the second quarter, down more than 60 percent from last year.The bank in particular highlighted write-downs in the value of its commercial real estate portfolio, a $1.2 billion…
Goldman Sachs CEO David Solomon’s growth strategy gains board’s support: Report
As reported by Reuters citing sources, Solomon has been entrusted with the responsibility of revitalizing the bank's stock value, despite facing doubts from certain investors and employees. According to one of the sources, the…