Everything we know going on at Goldman Sachs
May 16, 2019, 02:04 IST
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- Goldman Sachs has a new CEO and the storied investment bank is in the midst of a transformation.
- The Wall Street bank is moving away from high risk businesses like trading that were once lucrative but have since slowed, and towards more stable areas like consumer lending.
- Business Insider reports regularly on the latest developments at Goldman. You can read our stories by subscribing to BI Prime.
Here's what we know about what's going on inside of Goldman right now, from its growing digital wealth business, to shakeups in its inner ranks.
Consumer banking/wealth
- Goldman Sachs execs are opening up about their plans for Marcus, and they think it can do to banking what iTunes did to the music industry
- Goldman Sachs' partnership with Apple could move it a step closer to being 'a bank branch in your pocket'
- Human resources is the next battleground for Wall Street wealth advisers as Morgan Stanley and Goldman Sachs jockey over new turf
- Goldman Sachs has a novel method for predicting the next economic slump, and it's at the heart of its hot new business
Technology
- Goldman Sachs' CEO just warned that the bank's big tech bets might not pay off as quickly as people hope
- Goldman Sachs is scrapping a homegrown email app it once touted - and it's a sign the bank is moving away from building tech in house
- Goldman Sachs is exploring plans to create a Netflix for data, and it marks a new frontier for Wall Street
- Goldman Sachs' internal idea factory hatched a plan for the Google of Wall Street, and it's now looking for the next big thing to disrupt the bank
- Goldman Sachs' big bet on the future of Wall Street had a rocky start. Here's the inside story of the bank's struggle to grow its next business and an exclusive look at its plans
- Goldman Sachs just bought a one-person startup, and it's betting it could change the day-to-day lives of its bankers
Trading
- Goldman Sachs is cutting about 5% of sales and trading staff after senior equities leaders delivered a tough town-hall talk
- Goldman Sachs is moving away from a tool championed by its former CFO as it pushes its traders to see clients where they once saw quick wins
- Goldman Sachs is shuffling its top stock trading executives as the business tries to claw back market share from Morgan Stanley and JPMorgan
- Goldman Sachs's bond trading unit is still trying to find its way - and it represents a key challenge for new CEO David Solomon
- A small team of traders at Goldman Sachs made $100 million betting on natural gas - and it could be thanks to a 'bomb cyclone' driving prices to a record level
- Goldman Sachs is ditching near-term plans to open a bitcoin trading desk, instead focusing on a key business for driving Wall Street investment in crypto
- Goldman Sachs has created a new team to take on high-speed traders like Virtu and Citadel Securities at their own game
Deals
- 'It's good to be Rich': Meet the Goldman Sachs banker who has built a private investing empire that goes head-to-head with Blackstone - and you've probably never heard of him
- Goldman Sachs is considering a shakeup of its alternative investing units as part of a plan to simplify the bank's strategy
- A senior Goldman Sachs fintech banker was about to join JPMorgan - but then got lured back -and it's another sign of the fierce battle for M&A talent
- Goldman just promoted a star tech banker close to Tesla and Microsoft to co-head one of its most profitable businesses, as incoming CEO Solomon makes his mark
- Goldman Sachs just announced a shakeup of its leadership - and it signals the rise of bankers over traders
- A tug-of-war between Goldman Sachs and JPMorgan over a top banker highlights Wall Street's $1 trillion battleground
Careers
- The David Solomon era at Goldman Sachs kicked off with 43 words Lloyd Blankfein would never say
- Goldman Sachs CEO David Solomon shares his best leadership advice
- Goldman Sachs is shaking up the way it stocks one of the most elite clubs on Wall Street - and it shows how banks are back to making money again
- Goldman Sachs is about to move dozens of jobs out of pricey New York to Utah as Wall Street turns to cheaper cities
- Goldman Sachs has named a new chief to lead diversity efforts
- Goldman Sachs just named its next CEO - here are the execs who will be in and out, according to a dozen insiders