GOLDMAN SACHS has always seen itself as exceptional. When the bank floated its shares in New York in 1999 it declared: “We have an uncompromising determination to achieve excellence in everything we undertake.” Conspiracy theorists have long paid it the backhanded compliment of imagining that it...
Goldman Sachs said yesterday that it is selling its Goldman Sachs Financial Planning business to Creative Planning for an undisclosed sum. Given its past move on United Capital Financial Advisers back in 2019, our US correspondent reflects on what this says about Goldmans' mass-affluent wealth stra...
Apple did, however, expand its partnership with Goldman Sachs in order to launch Apple Savings in 2023.However, Apple Savings and Apple Card have reportedly been an expensive failure for Goldman Sachs. One Goldman Sachs executive is said to have commented that "we should never have done this ...
Since April 16, 2010, when the Securities and Exchange Commission (SEC) indicted Goldman Sachs (GS) on fraud charges, the bank must approach each day wishing it could stay in bed. New charges and rumors of lawsuits swirl around the firm. Goldman will hav
abandoned an ill-fated push into consumer banking in late 2022, but an investment in a Texas energy retailer means its reach into American homes is about to grow. Rhythm Energy, a Houston-based electricity provider overseen and owned by a Goldman Sachs private equityfund, has won approval...
Goldman Sachs has lost so much money -- $1.2 billion in 2022 -- on Apple Card, that it reportedly has tried to sell the deal to American Express. It's also been accused, and cleared, of credit line bias, plus its whole consumer credit portfolio is being investigated.Then following its...
Goldman Sachs has always seen itself as exceptional. When the bank floated its shares in New York in 1999 it declared: “We have an uncompromising determination to achieve excellence in everything we undertake.” Conspiracy theorists have long paid it the backhanded compliment of imagining that it...
Apple offers Goldman Sachs a way out of consumer banking. How will this affect Apple's banking products? Updated Tue, Dec 10 2024 10:34 AM EST Ana Staples What would the split mean for the Apple Card and savings account? It's not clear how the end of the relationship between Apple and...
Goldman Sachs has reminded us what it does best, even if that may not get the pulses of its shareholders racing. On Monday, the investment bankreported earnings that were sharply up relative to the first quarter of 2023. Investment banking revenues leapt by a third, as did earnings per shar...
Goldman Sachs, one of the world's leading investment banks and financial services companies, generates money through its three principal business lines: Global Banking & Markets, Asset & Wealth Management, and Platform Solutions.1Let's dive a little deeper into how Goldman Sachs makes money. ...