Tag: goldman sachs

0

  • Gold Prices and Shorting the commodity

    Goldman Sachs says it’s time to short gold

    Gold has been rising but Goldman Sachs’ global head of commodities Jeffrey Currie thinks it’s time to short the commodity. Gold surged to its highest level in a year last week, as stocks continued to be sold off and investors flocked to other assets they deem to be safer during times of economic contraction. However, the […]

  • Goldman Sachs and promoting junior bankers faster

    Goldman Sachs Is Totally Revamping How It Trains And Retains Junior Bankers

    Goldman Sachs has a retention problem and it’s now working to quickly fix its employee churn issues. The company this week promoted 425 employees to managing director roles, the highest ranking they can receive before making partner at the firm. Business Insider reports that “30% of the new managing directors are millennials, and a huge chunk of […]

  • Goldman Sachs

    Goldman Sachs Analysts Fired For Cheating On Tests

    Goldman Sachs has fired 20 junior analysts who were caught cheating on the company’s internal tests. The analysts were part of Goldman’s securities business and were located in offices throughout New York and London. “This conduct was not just a clear violation of the rules, but completely inconsistent with the values we foster at the […]

  • Goldman Sachs

    Goldman Sachs Revenues Plummet In Almost Every Area Of The Business

    Goldman Sachs profits plunged 38 percent in Q3 2015, its second straight quarterly drop. Revenue fell in all of the bank’s major businesses with the exception of investment banking which was helped along by a surge in takeovers. The company was hit in areas such as investment management to bond, and currency and commodities trading. […]

  • Snapchat and Goldman Sachs

    Goldman Sachs Turns To Snapchat For Millennial Recruitment

    Goldman Sachs is attempting to recruit millennials with the help of Snapchat. The storied investment firm has started to feature ads inside Snapchat Campus Story, a curated platform that features user-generated content such as videos and photos. Goldman chose a 10-second recruitment clip that appears between segments of user-generated content. In the videos, Goldman says it […]

  • Goldman Sachs

    Goldman Sachs: 15 Years Of Weak Oil Prices

    Analysts at Goldman Sachs believe cheap oil will be available for the next 15 years. According to the financial firm, there is a 50% chance that oil prices will drop below $20 a barrel when refineries shut in October or March for maintenance. Goldman’s long-term forecast for crude is at $50 a barrel, according to […]

  • Stock Market Shares and Buybacks in 2015

    Goldman Sachs Is Questioning Record Stock Buybacks

    American companies in April 2015 announced plans to buyback $133 billion of their own shares, a move that one Goldman Sachs analyst is calling a “questionable use of cash.”   Stock buybacks can be troublesome because companies often initiate them as a signal that shares are undervalued and that there is nothing else they want to […]

  • Goldman Sachs Reports Horrible Quarter

    Goldman Sachs’ Q2 earnings are down 83%, in what the New York Times calls the “worst quarter for the giant investment bank since the depths of the financial crisis in late 2008.” More from the NYT: The earnings include $1.15 billion in special charges — $550 million for the S.E.C. settlement and $600 million for […]

  • SEC Charges Goldman Sachs with Fraud

    The SEC has charged Goldman Sachs with fraud. The charges are for selling a rigged CDO package to investors, but failing to disclose that the package was designed by a hedge fund operator as a bet against the housing market. The hedge fund, Paulson & Co., would short the bonds in the package if the […]