AGL 8.26 Increased By ▲ 0.11 (1.35%)
ANL 11.16 Increased By ▲ 0.07 (0.63%)
AVN 84.12 Increased By ▲ 0.42 (0.5%)
BOP 5.80 Decreased By ▼ -0.05 (-0.85%)
CNERGY 5.83 Increased By ▲ 0.18 (3.19%)
EFERT 80.00 Decreased By ▼ -0.22 (-0.27%)
EPCL 67.80 Increased By ▲ 0.52 (0.77%)
FCCL 15.30 Increased By ▲ 0.10 (0.66%)
FFL 7.29 Increased By ▲ 0.06 (0.83%)
FLYNG 8.08 Increased By ▲ 0.02 (0.25%)
GGGL 12.19 Increased By ▲ 0.19 (1.58%)
GGL 17.80 Increased By ▲ 0.09 (0.51%)
GTECH 8.95 Increased By ▲ 0.17 (1.94%)
HUMNL 7.28 Increased By ▲ 0.05 (0.69%)
KEL 3.73 Decreased By ▼ -0.01 (-0.27%)
LOTCHEM 32.10 No Change ▼ 0.00 (0%)
MLCF 29.01 Increased By ▲ 0.01 (0.03%)
OGDC 86.28 Increased By ▲ 0.23 (0.27%)
PAEL 17.56 Increased By ▲ 0.16 (0.92%)
PIBTL 6.35 Increased By ▲ 0.05 (0.79%)
PRL 19.89 Increased By ▲ 0.79 (4.14%)
SILK 1.19 Increased By ▲ 0.05 (4.39%)
TELE 12.30 Increased By ▲ 0.05 (0.41%)
TPL 9.19 Increased By ▲ 0.01 (0.11%)
TPLP 20.84 Increased By ▲ 0.14 (0.68%)
TREET 27.15 Increased By ▲ 0.20 (0.74%)
TRG 98.40 Increased By ▲ 0.65 (0.66%)
UNITY 23.15 Increased By ▲ 0.15 (0.65%)
WAVES 13.14 Decreased By ▼ -0.96 (-6.81%)
WTL 1.38 Increased By ▲ 0.07 (5.34%)
BR100 4,393 Increased By 4.8 (0.11%)
BR30 16,161 Increased By 62.2 (0.39%)
KSE100 43,725 Increased By 48.3 (0.11%)
KSE30 16,560 Increased By 28 (0.17%)

Goldman Sachs Group

Goldman shareholders nearly approve proposal requiring mandatory arbitration report
Business & Finance

Goldman shareholders nearly approve proposal requiring mandatory arbitration report

  • While it did not pass, roughly 49% of Goldman shares voted in support of a proposal submitted by the Nathan Cummings Foundation to require the bank to conduct a report on the issue, according to a preliminary tally of the votes at the bank's annual meeting on Thursday.
  • The proposal would have examined how the bank's use of mandatory arbitration in employee complaint cases may "allow harassment and discrimination to go unseen," according to the foundation's statement.
Published 29 Apr, 2021 07:47pm
Goldman Sachs communications head Jake Siewert to leave
Business & Finance

Goldman Sachs communications head Jake Siewert to leave

  • Siewert, a veteran of the Clinton and Obama administrations, joined the Wall Street bank in 2012. Before that, he was a top aide to former Treasury Secretary Timothy Geithner.
  • Siewert led Goldman's makeover efforts after the 2008 global financial crisis and was also involved in the launch of Marcus, its online retail banking division, the report said.
Published 16 Apr, 2021 05:31pm
Goldman profit smashes expectations on booming investment banking
Business & Finance

Goldman profit smashes expectations on booming investment banking

  • Overall investment banking revenue rose 73% to $3.77 billion, its highest since 2010, while equities trading surged 68% as a jump in trading by ordinary investors fed stock market volatility.
  • Global investment banking fee hit an all-time record of $39.4 billion during the March quarter, according to Refinitiv data.
Published 14 Apr, 2021 05:11pm
Citi hires Goldman's chief diversity officer
Business & Finance

Citi hires Goldman's chief diversity officer

  • Brown joins Citi as its chief diversity, equity and inclusion officer from Goldman Sachs, where she had led that bank's diversity and inclusion efforts since mid-2018. Brown previously worked at Bloomberg in the same role.
  • Goldman named Megan Hogan to replace Brown, according to a memo sent to staff and seen by Reuters.
Published 26 Mar, 2021 08:12pm
ABB prepares turbocharging unit for sale or spin-off, picks banks
Business & Finance

ABB prepares turbocharging unit for sale or spin-off, picks banks

  • Chief Executive Bjorn Rosengren said last month that ABB would exit the business towards the end of 2021, adding that the business generates around 75% of its sales form services, which made it very resilient.
  • People familiar with the matter have said that the turbocharger business could raise fetch a price tag of $1.5 to $2 billion.
Published 17 Mar, 2021 06:06pm