The Goldman Lunch That Set the Scene for 1MDB’s Money Probe
July 5, 2018

In a private dining room at Singapore’s Taste Paradise restaurant, over a meal of abalone and suckling pig, two Goldman Sachs Group Inc. bankers were explaining a $1.75 billion bond offering to six executives of a Swiss bank.

It was Continue reading

Barclays Investment Bank Pays Females Half That of Males
February 26, 2018

Barclays Plc pays female employees at its investment bank division just under half as much as male colleagues on average, highlighting the gender imbalances in the industry and the concentration of men in highly paid roles.

The gender pay gap Continue reading

Dropbox Files Confidentially for U.S. IPO
January 13, 2018

Dropbox Inc., the file-sharing private company valued at $10 billion, has filed confidentially for a U.S. initial public offering, people familiar with the matter said.

Goldman Sachs Group Inc. and JPMorgan Chase & Co. will lead the potential listing, Continue reading

Americas Inequality Machine Is Sending the Dow Soaring
January 5, 2018

The Great Recession is a speck in the rear-view mirror for America’s financial markets. They’ve advanced far beyond pre-crisis levels. In fact, Goldman Sachs says you can go back a century before 2008, and still not find a “bull market Continue reading

Bitcoin Lost Almost 20% of Its Value This Week
January 5, 2018

Bitcoin faced one of its biggest tests this week, losing almost 20 percent of its value after the world’s largest cryptocurrency reached a record high Monday.

The digital currency plunged as much as 30 percent on Friday, before paring losses, as Continue reading

Goldman Takes One-Time $5 Billion Hit From New U.S. Tax Law
January 5, 2018

Goldman Sachs Group Inc. said the U.S. tax reform will cut profit this year by about $5 billion, mainly because of a tax targeting earnings held abroad.

About two-thirds of the hit comes from the repatriation tax, while writing down Continue reading

Bitcoin Finds Floor After Worst Selloff Since 2015
January 4, 2018

Bitcoin rebounded on Saturday along with most of the major cryptocurrencies, halting a four-day tumble that drew worldwide attention to the unregulated $500 billion market that’s frequently called a bubble.

The double-digit bounceback was strongest with second-tier digital coins. Bitcoin Continue reading

Novogratz Halts Hedge Fund, Says Bitcoin May Drop to $8,000
December 27, 2017

Michael Novogratz, the former macro manager who’s turned into one of the biggest champions of bitcoin, shelved plans to start a cryptocurrency hedge fund and predicted that the digital money may extend its plunge to $8,000.

“We didn’t like market Continue reading

Goldman Warns That Market Valuations Are at Their Highest Since 1900
December 2, 2017

A prolonged bull market across stocks, bonds and credit has left a measure of average valuation at the highest since 1900, a condition that at some point is going to translate into pain for investors, according to Goldman Sachs Group Continue reading