Search Results for: Goldman Sachs
Former Goldman Sachs trader refuses to return stolen trade secrets
December 19th, 2016
A former Goldman Sachs banker who stole his employer’s trade secrets has ignored an order to surrender them, in order to cash in on profits after his release from prison, a London court was told. Jurors at Southwark Crown ...
Goldman Sachs Drops Out of R3 Blockchain Group
November 22nd, 2016
Goldman Sachs Group Inc. has dropped out of the R3 CEV LLC blockchain group. The investment bank was one of nine original members of R3, founded in 2014 to explore the use of the distributed database technology in Wall Street infrastructure. ...
Goldman Sachs introduced an online platform offering unsecured personal loans to consumers
October 14th, 2016
Goldman Sachs launches new online personal loan platform; Marcus Goldman Sachs focuses on helping people manage credit card debt The Goldman Sachs Group, Inc. (NYSE: GS) today introduced Marcus by Goldman SachsTM, an online platform offering unsecured personal loans ...
Goldman Sachs to axe 2000 London jobs if passporting rights lost, report says
October 11th, 2016
Goldman Sachs has drawn up plans to transfer as many as 2000 employees out of London to a new banking centre in Europe should the UK lose its passporting rights, the Independent newspaper reported. The passporting rights allow UK-based ...
Goldman Sachs Files Blockchain Patent for Foreign Exchange Trading
September 19th, 2016
Goldman Sachs has submitted a patent application focusing on how blockchain could cut out the middle man with transaction costs, claiming that the technology could change the current process. The patent, “Systems and Methods for Updating a Distributed Ledger-Based ...
Former Goldman Sachs Trader Settles Fraud Charges
August 19th, 2016
The Securities and Exchange Commission today announced that the former head trader in residential mortgage-backed securities (RMBS) at Goldman Sachs has agreed to be barred from the securities industry and pay $400,000 to settle charges that he repeatedly misled ...
Goldman Sachs to pay a $36.3 million penalty
August 8th, 2016
The Federal Reserve Board on Wednesday ordered Goldman Sachs Group to pay a $36.3 million civil money penalty for its unauthorized use and disclosure of confidential supervisory information and to implement an enhanced program to ensure the proper use ...
Goldman Sachs says oil’s biggest problem could be over— and now crude is on a charge
May 16th, 2016
The price of oil is surging on Monday morning thanks to a production disruption in Nigeria, continued worries about the amount of crude Venezuela will be able to produce as the country’s economy continues to plunge deeper into crisis, ...
Oil prices jump as Goldman Sachs says market flips into deficit
May 16th, 2016
Oil prices jumped over 1 percent on Monday after long-time bear Goldman Sachs said the market had ended almost two years of oversupply following global oil disruptions and flipped to a deficit. International Brent crude futures were trading at ...
Goldman Sachs agreed to pay a $5 billion settlement for its role in 2008 financial crisis
April 14th, 2016
Goldman Sachs agreed to a $5 billion settlement payment Monday, marking yet another Wall Street giant that’s making up for its financial breaches through money — but whose executives have yet to face criminal charges for helping send the ...
