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News Articles: Goldman Sachs

Emma Alexander was recently laid off from Goldman Sachs, along with over 3,000 other employees. Although the layoffs were unusually large this year, they are an ever-lurking prospect for people who work in finance.

Tagged as: 

  • Business

It's nothing personal: On Wall Street, layoffs are a way of life

Big companies such as Amazon and Google have recently announced layoffs. On Wall Street, getting cut is always acknowledged as an ever-lurking prospect — but it still stings when it happens.

February 05, 2023
|
By:
  • David Gura
The Goldman Sachs logo is seen at the New York Stock Exchange in New York City on Sept. 13, 2022. Goldman is laying off up to 3,200 employees as it faces a more challenging business environment.

Tagged as: 

  • Business

Goldman Sachs is laying off as many as 3,200 employees this week

The prestigious investment bank is undertaking one of its biggest rounds of layoffs since the Global Financial Crisis.

January 10, 2023
|
By:
  • David Gura
People walk by a subway stop in midtown Manhattan in New York City on April 13. Some of the city's top CEOs say they are being told by their employees that they are afraid to return to work after a recent spate of high-profile attacks.

Tagged as: 

  • Business

A spate of horrific attacks in New York has people fearful of returning to work

Companies in New York City face another setback as they push workers to come back to work: Employees are saying they don't feel safe in the city anymore.

August 14, 2022
|
By:
  • David Gura
David Solomon, the chairman and CEO of Goldman Sachs.

Tagged as: 

  • Business

Goldman Sachs CEO sees recession risk as more likely than his own economists

Landing a job at Goldman Sachs is a golden ticket. It's harder to get hired by Goldman than to get into Harvard. CEO David Solomon says 3,500 workers start this week. He wants them all in the office.

July 18, 2022
|
By:
  • David Gura
Former Goldman Sachs executive Roger Ng (center) leaves Brooklyn federal court with attorney Marc Agnifilo on May 6, 2019, in New York. On Friday, Ng was convicted of bribery and other corruption charges accusing him of participating in a $4.5 billion scheme to ransack the Malaysian state investment fund.

Tagged as: 

  • Business

A former Goldman Sachs banker is found guilty in a plot to loot Malaysia's 1MDB fund

Roger Ng was convicted in a New York federal court of bribery and other corruption charges accusing him of participating in a $4.5 billion scheme to ransack the Malaysian state investment fund.

April 08, 2022
|
By:
  • The Associated Press
Goldman Sachs says it's winding down its operations in Russia, Wall Street's first major departure from the country.

Tagged as: 

  • Business

Wall Street banks Goldman Sachs and JPMorgan Chase are pulling out of Russia

Goldman Sachs says it's "winding down its business in Russia in compliance with regulatory and licensing requirements," two weeks after the country first invaded Ukraine.

March 10, 2022
|
By:
  • Rachel Treisman
Tashrima Hossain, who used to work in Wall Street but quit to join Facebook, is part of a growing number of young people who are no longer attracted by the allure of Wall Street despite the rising salaries. She poses for a portrait at Alamo Square in San Francisco, Calif. on Wednesday, August 11, 2021.

Tagged as: 

  • Business

Wall Street Is Paying Over $100,000 To Junior Bankers. For Many, That's Not Enough

Wall Street has a big problem on its hands: Many of the young people it needs to fill its talent pool are having doubts about working in the industry.

August 15, 2021
|
By:
  • David Gura
David Shadaha, who operates a cart called King of Falafel & Shawarma, takes an order from a customer in Midtown Manhattan, N.Y. Shadaha is back selling food after taking a job as a GrubHub deliveryman during the pandemic.

Tagged as: 

  • Business

Wall Street Bosses Want Their Workers Back. That's Good For The King Of Falafel

Wall Street executives are pushing vaccinated workers to return to work, and that's good news for vendors and other small businesses in New York that depend on workers from finance.

June 29, 2021
|
By:
  • David Gura
David Solomon, chairman and CEO of Goldman Sachs, shown here at a business roundtable in New York last year, is among several executives at the bank who will have to give back part of their pay.

Tagged as: 

  • Business

Goldman Sachs Executives Will Have To Return Millions In Pay Over Bribery Scandal

The blue chip bank will claw back hundreds of millions of dollars in compensation from current and former executives over a financial scandal in Malaysia.

October 22, 2020
|
By:
  • Jim Zarroli
More so than other big banks, Goldman Sachs depends on stock and bond trading to make money, and the financial markets were the place to be in the second quarter.

Tagged as: 

  • Business

It's Nice To Be Rich: Wall Street Is Raking In Profits In The Stock Market

The economy is tanking, with massive layoffs and bankruptcies. But the richest sliver of the country continues to do quite well. The latest evidence: Goldman Sachs said it's raking in money on trades.

July 15, 2020
|
By:
  • Jim Zarroli

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