The move is strategic in the sense, WeWork aims to boost its funding levels before it asks for funds from investors through its IPO. According to a source familiar with the matter at hand, in a move aimed at fueling… Read More ›
Goldman Sachs
Goldman Sachs to merge its private investing arms and create a new division
The move underscores Goldman Sach’s new focus on getting better returns from its asset-management division. As per a report from the Wall Street Journal citing sources familiar with the matter at hand, Goldman Sachs Group Inc its private-investing arms and… Read More ›
Goldman Sachs to acquire Capital Vision Services LP for $2.7 billion: sources
A Wall Street Journal report had priced the deal at $2.7 billion. Goldman Sachs expects to close the deal by the third quarter of 2019. In a statement, Goldman Sachs Group Inc said West Street Capital Partners VII, a fund… Read More ›
Trade war with China and Mexico likely to escalate: Goldman Sachs
Things are likely to escalate before they cool down. In a note, economists at Goldman Sachs stated, they see a 60% chance that the United States would slap further tariffs on the final $300 billion of Chinese imports. This is… Read More ›
Fiat proposes merger of equals with Renault
Fiat Chrysler’s proposed merger with Renault aims to mitigate the costs of emerging technological and regulatory challenges by creating a company which will be the third biggest carmaker in the world. On Monday, shares of Renault and Fiat surged following… Read More ›
Brexit will most probably get delayed: Jose Barroso non-executive chairman at Goldman Sachs
Given the lack of clarity and the chaos surrounding Brexit, the likelihood that Britain will ask for an extension and EU’s acceptance of it, is high opined Jose Barroso non-executive chairman at Goldman Sachs who was also a former president… Read More ›
Ken Hitchner, Goldman Sachs’ Asia Pacific CEO, to retire mid-2019
Goldman Sachs is yet to disclose who will be replacing Ken Hitchner as the chairman and chief executive officer of Goldman Sachs Group Inc for the Asia-Pacific region excluding Japan. A Bloomberg report citing sources familiar with the knowledge at… Read More ›
Airbus appoints new CFO and new COO
Airbus is continuing to overhaul its top management. On Wednesday, in efforts aimed at stabilizing its financial and operational pillars, Airbus named Dominik Asam as its next chief financial officer (CFO). Asam will replace Harald Wihelm, who has plans on… Read More ›
Large group of institutional investors drag 16 major banks to court over rigging forex market
The 221 page complaint alleges that these 16 major banks had colluded to rig the roughly $5.1 trillion-a-day foreign exchange market. In a significant development, a group of big institutional investors, which includes BlackRock Inc and Allianz SE’s Pacific Investment… Read More ›
S&P 500 companies likely to boost share buybacks in 2019: Goldman Sachs
Companies are likely to increase their return to shareholders vide buybacks and dividends, opine strategists at Goldman Sachs. Goldman Sachs is of the opinion, S&P 500 companies are likely to boost their cash spending by 13% to $3 trillion next… Read More ›
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