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Goldman Sachs

Stock markets mostly higher, oil drops
Markets

Stock markets mostly higher, oil drops

  • Profits soared in the first quarter at three US banking giants thanks to an improving macroeconomic backdrop that has reduced the need to set aside funds for bad loans.
Published 15 Apr, 2021 04:58pm
Capital Energy bows out of Spanish green IPO race
Markets

Capital Energy bows out of Spanish green IPO race

  • Spain's lofty targets to install wind farms and solar parks have caught the eyes of investors keen to deploy funds in a sector boosted by an international drive to cut planet-warming emissions.
  • Given the current volatility in the market around listed renewable energy companies and the foreseeable over-supply of stock market listings by other companies in the sector, now is not the right moment to list.
Updated 05 Apr, 2021 07:33pm
Goldman Sachs and EBRD to invest in Turkey's DgPays
Business & Finance

Goldman Sachs and EBRD to invest in Turkey's DgPays

  • Set up in 2017, DgPays has a solutions and service ecosystem that consists of 24 institutions, the statement said, adding that it serves the vast majority of the banking industry in Turkey.
  • The statement did not specify the size of the investment by Goldman Sachs' asset management division and the EBRD but said it represents one of the most significant foreign investments in Turkey's fintech sector to date.
Published 22 Mar, 2021 07:33pm
Goldman sees oil price pullback as buying opportunity
Markets

Goldman sees oil price pullback as buying opportunity

  • "We estimate that the oil market has remained in a large 2.5 million bpd deficit since February despite our estimate that Iran exports have increased by 0.7 million bpd year-to-date," Goldman said in a note dated March 18.
Published 19 Mar, 2021 11:35am
McAfee to sell enterprise business for $4bn
Technology

McAfee to sell enterprise business for $4bn

  • The deal, subject to customary regulatory approvals and closing conditions, is expected to close by the end this year, McAfee said.
  • Its enterprise business recorded $1.3 billion in net revenue in fiscal year 2020, McAfee said.
Published 08 Mar, 2021 07:28pm
SoftBank strategy chief Sago to step down
Business & Finance

SoftBank strategy chief Sago to step down

  • Sago, a Goldman Sachs alumnus and former chief investment officer of Japan Post Bank Co where he was one of "Seven Samurai" who engineered a more aggressive investing approach, took the newly created strategy job at SoftBank in 2018.
  • Sago "played a crucial part in expanding SBG's potential as an investment company," Son said in a statement, which did not provide a reason for the departure.
Published 05 Mar, 2021 06:53pm
Goldman Sachs unveils Marcus Invest robo-adviser in consumer push
Business & Finance

Goldman Sachs unveils Marcus Invest robo-adviser in consumer push

*Goldman's robo-adviser will allocate and rebalance customers' wealth based on models developed by the bank's investment-strategy group, which has traditionally catered to institutions and the ultra-rich. * Marcus Invest offers individual and joint investment accounts, as well as three types of individual retirement accounts, the bank said.
Published 16 Feb, 2021 07:21pm
Ex-Goldman Sachs analyst, brother charged in UK with insider trading
Markets

Ex-Goldman Sachs analyst, brother charged in UK with insider trading

  • Mohammed Zina was employed by Goldman Sachs International as an analyst in the Conflicts Resolution Group in their London office. Suhail Zina was a solicitor at Clifford Chance, also in London.
  • Goldman Sachs said the protection of confidential client information is of paramount importance for the bank, and it has worked very closely with the FCA.
Published 16 Feb, 2021 05:25pm
Italy hires banks to issue new dual-tranche BTP bond
Markets

Italy hires banks to issue new dual-tranche BTP bond

  • The transaction will be launched in the near future subject to market conditions.
  • The Treasury has appointed Citigroup, Deutsche Bank , Goldman Sachs, Monte dei Paschi di Siena Capital Services and Nomura to work on the deal.
Published 15 Feb, 2021 08:47pm