Goldman Sachs - News, Articles & Research

Goldman Sachs offloads Marcus robo-advisor customers to Betterment

Goldman Sachs continues its retreat from consumer banking, striking a deal to sell its Marcus Invest digital investing accounts to Betterment.

23 April 2024

News/markets

Wall Street players pilot Canton Network blockchain platform

A host of major financial players, including Goldman Sachs and BNY Mellon, have taken part in a pilot of Digital Asset's Canton Network blockchain platform for tokenised assets.

12 March 2024

Company announcement/markets

Goldman Sachs achieves 99% same day affirmation Rate via DTCC’s CTM Match to Instruct workflow

DTCC, the premier post-trade market infrastructure for the global financial services industry, today announced that Goldman Sachs & Co. LLC has achieved a greater than 99% same day affirmation rate and a significant improvement in settlement rates for transactions leveraging CTM’s Match to Instruct (M2i) workflow in Q4 2023.

14 February 2024

Company announcement/startups

Goldman Sachs leads $500 million debt financing for Hong Kong fintech FundPark

FundPark, a leading fintech company delivering insights and capital to help fast-growth digital entrepreneurs capture their future growth, announced the closing of a landmark asset-backed securitisation facility of up to $500 million.

22 January 2024

News/payments

Apple and Goldman Sachs set for breakup - WSJ

Apple has sent a proposal to Goldman Sachs that would end the credit card and savings account partnership that the banking giant has been seeking to get out of, according to the Wall Street Journal.

29 November 2023

News/payments

Goldman Sachs bids to offload GM credit card

Goldman Sachs is preparing to sell off its General Motors credit card programme as part of its wider retreat from the retail market, according to the Wall Street Journal.

08 November 2023

News/payments

Goldman Sachs to take Q3 earnings hit on GreenSky sale

Goldman Sachs has agreed to sell BNPL-based home improvement lender GreenSky to a a consortium of institutional investors led by Sixth Street. Terms of the deal were not disclosed but the sale will lead to a 19-cent-per-share hit to Goldman's third-quarter earnings.

11 October 2023

News/people

Ex-Goldman associate charged with insider trading

US prosecutors have charged a former Goldman Sachs employee with securities fraud for allegedly tipping off friends about deals over Xbox chat.

02 October 2023

Company announcement/regulation

Goldman to pay $6 million in penalties for deficient 'Blue Sheet' data

The Securities and Exchange Commission today announced settled charges against Goldman Sachs & Co. LLC for failing to provide complete and accurate securities trading information, known as blue sheet data, to the SEC.

25 September 2023

Company announcement/retail

Fleximize receives £136 Million financing from Goldman Sachs and Citi

Multi-award-winning business lender Fleximize has secured £136 million in securitised funding from existing investor Goldman Sachs Asset Management and new lender Citi.

20 September 2023

News/regulation

Fed warns Goldman over fintech unit risk - FT

A division of Goldman Sachs' transaction banking business (TxB) has stopped taking on riskier fintech clients after receiving a warning from the US Federal Reserve, according to the Financial Times.

01 September 2023

News/wealth

Goldman sells mass market wealth management business

Goldman Sachs continues its retreat from the mass-market banking arena, selling off its Personal Financial Management (PFM) unit to Creative Planning.

28 August 2023

News/wealth

Goldman considers sale of mass market wealth management business

Goldman Sachs is considering the sale of its Personal Financial Management unit, further accelerating its retreat from the mass-market banking business.

22 August 2023

News/people

LSEG names Goldman vet Irfan Hussain CIO

London Stock Exchange Group has appointed Goldman Sachs' Irfan Hussain chief information officer.

09 August 2023

News/retail

Apple Card savings account hits $10bn in deposits

The Apple Card's savings account has racked up more than $10 billion in deposits since launching in April.

02 August 2023

News/people

Goldman seeks way out of Apple Card partnership - report

As Goldman Sachs reportedly seeks to exit is credit card deal with Apple, it has emerged that the bank's underwriting system initially rejected Tim Cook's card application.

28 July 2023

News/cloud

FS giants team on open standards project for common cloud controls

The Fintech Open Source Foundation (Finos) is forming an open standard project to describe consistent controls for compliant public cloud deployments in the financial services sector.

28 July 2023

News/payments

PE firms eye Goldman's GreenSky at steep discount

Goldman Sachs has received several offers from investment firms to buy its BNPL-based home improvement lender GreenSky, according to press report.

14 June 2023

News/people

Goldman Sachs fintech boss Stephanie Cohen takes leave of absence

The boss of Goldman Sachs' recently created "Platform Solutions" fintech unit, Stephanie Cohen, is taking a leave of absence for personal reasons.

09 June 2023

News/payments

Goldman Sachs mulls sale of $2.1bn BNPL business Greensky

Goldman Sachs is mulling the sale of its buy now, pay later-based home improvement lender Greensky as it continues its retreat from the consumer finance market.

19 April 2023