Goldman Sachs

Goldman Sachs to Cut Fewer Than 250 Jobs During Investment Banking Slump
Goldman Sachs to Cut Fewer Than 250 Jobs During Investment Banking Slump
May 30, 2023  |  Market Conditions

Goldman Sachs Group will be cutting fewer than 250 jobs across a range of roles. The move could be made within weeks and is the third...

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Banks Expand Teams That Cater to World’s Wealthiest People
Banks Expand Teams That Cater to World’s Wealthiest People
May 30, 2023  |  Banking

Banks are reportedly expanding their efforts to cater to the world’s wealthiest people. J.P. Morgan Chase’s 23 Wall, for example, is a family office that includes...

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Goldman Sachs Spinoff Louisa Expands Availability of Corporate Networking Platform
Goldman Sachs Spinoff Louisa Expands Availability of Corporate Networking Platform
May 12, 2023  |  Artificial Intelligence

A social media platform for employees that is used by Goldman Sachs is becoming more widely available. The artificial intelligence (AI)-powered networking platform called Louisa was funded and owned by the...

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Goldman Sachs’ Advisory Work With SVB Probed by Feds
Goldman Sachs’ Advisory Work With SVB Probed by Feds
May 04, 2023  |  Banking

Federal authorities are investigating Goldman Sachs’ work with Silicon Valley Bank ahead of its collapse. Goldman Sachs revealed the probe in a regulatory filing Thursday (May 4) with the Securities and...

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Apple’s Entrance Into Savings Accounts May Cost Neobanks and Traditional FIs 
Apple’s Entrance Into Savings Accounts May Cost Neobanks and Traditional FIs 
April 24, 2023  |  Banking

Banks may feel pressure to match Apple’s offering of higher savings rates with a Goldman Sachs savings account than most institutions as the tech giant...

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Main Street Push Dims as Goldman Books Loss on Marcus Loan Sale
Main Street Push Dims as Goldman Books Loss on Marcus Loan Sale
April 18, 2023  |  Earnings

Goldman’s Main Street push is receding a bit further into memory. By booking a $470 million loss on the partial sale of its book of...

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Savings Take Center Stage as Apple Builds Financial Ecosystem 
Savings Take Center Stage as Apple Builds Financial Ecosystem 
April 18, 2023  |  Digital Banking

For Apple, crafting a financial services ecosystem — spanning payments, credit and deposits — needs banks and FinTechs in the mix. And it is savings...

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How Far Will Apple Move Into Banking?
How Far Will Apple Move Into Banking?
April 17, 2023  |  Digital Banking

The Apple/Goldman Sachs joint efforts to make inroads into consumer banking continue. And for Apple, the debut of a Goldman Sachs savings account — geared...

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Apple Unveils Savings Account for Apple Card Users
Apple Unveils Savings Account for Apple Card Users
April 17, 2023  |  Apple

Apple has debuted a Goldman Sachs savings account for Apple Card users. The account offers users a “high-yield APY of 4.15 percent — a rate...

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