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Goldman Sachs is reportedly in exclusive negotiations to acquire the Japan operations of Burger King from Hong Kong-based private equity firm, Affinity Equity Partners. The transaction is speculated to be worth around 70 billion yen (approximately US$452…
The Wall Street bank increased its profits significantly in the first quarter. The high volatility boosted trading income. Goldman Sachs increased its profit in the first quarter of 2025 by 15 percent to $4.74 billion or $14.12 per share. Revenues increased…
This past summer we told you that global investment banking firm Goldman Sachs, Apple’s partner in the Apple Card, was looking to exit the partnership. At the time, American Express was considered a possible replacement for Goldman Sachs. The Apple Card…
In the biggest wave of layoffs since the financial crisis, Goldman Sachs is cutting 6.5 percent of its jobs worldwide. Its Swiss subsidiary may be less affected. Packing their bags and rushing out of the office is the current feeling for Goldman Sachs…
As many as 30 bankers have left Goldman Sachs in Asia, as part of a global exercise to trim workers. Up to 30 investment bankers have left Goldman Sachs in Asia, sources said, across teams in equity capital markets, healthcare as well as technology, media and…
Goldman Sachs is expanding its investment banking services in Switzerland and Europe as it chases stable revenues on the continent. Goldman Sachs is offering transaction banking services to corporate clients in the EU, adding services outside of its…
Citi has hired two new directors from BNP Paribas and Goldman Sachs for its prime brokerage unit in Hong Kong. Drew Kuech and Oliver Law join Citi as directors of the prime services sales trading team, according to a statement, reporting to APAC head of prime…
Goldman Sachs continues ramping up its crypto-related efforts with the latest filing for an exchange-traded fund that will track related companies. Goldman Sachs’s asset management unit filed for an application with the U.S. Securities and Exchange Commission…
The U.S. investment bank plans to expand its wealth offering to affluent clients. The move represents a further departure from its Wall Street roots. Goldman Sachs, the best-known investment bank in the world, is pushing deeper into mass-market banking. Four…
Wassim Younan will retire from his position after nearly three decades with the bank and seeing its Middle Eastern expansion up close. Younan, 58, will retire by year-end, according to a report, and his role thereafter will be replaced by co-chief executive…
The platform is the company’s fourth global currency pricing, following others in London, Tokyo, and New York. Goldman Sachs will be launching a foreign-exchange (FX) trading and pricing engine in Singapore, planned for the first quarter of 2021, the company…
In the application submitted to regulators, Goldman said it would absorb the securities sales, trading and research operations currently sit in the business of its partner in the joint venture. Goldman Sachs has applied to Chinese regulators for approval to…
Goldman Sachs has lost a court appeal in Indonesia over whether it should return shares in property developer Hanson International to tycoon Benny Tjokrosaputro in a legal tussle over ownership. Benny, president director of Hanson International, sued the US…
Japanese startup Paidy has received US$55 million to build a scheme allowing online shoppers to buys goods without a credit card. The series-C funding was led by Goldman Sachs and Japanese trading house Itochu Corporation Paidy was created because even though…
Large banks have until now avoided trading in bitcoin due to its reputation as a conduit for illicit activity.Goldman Sachs is exploring whether to launch a trading venture in bitcoin in response to client demand, a person familiar with the matter said…
Investment bank Goldman Sachs is reportedly preparing a £600 million bid for The Body Shop. Owner L’Oreal decided to put the ethical cosmetics brand on the market last month, apparently unwilling to invest in arresting falling sales and market share. The Body…
