The 1MDB saga reaches Goldman Sachs

IN 2010 GOLDMAN SACHS created a “business standards” committee to try to repair the reputational damage the financial crisis had done. Clients and transactions were to be screened for ethical shortcomings. Charges of money-laundering and bribery filed by federal prosecutors in a Brooklyn court on November 1st suggest that the investment bank had diagnosed a […]

Goldman Sachs upgrades Ford — and says the stock could rise 30% (F)

David Ramos/Getty Goldman Sachs has upgraded Ford to ‘buy’ with a $ 12 price target.  Analyst David Tamberrino says a refreshed product line and cost improvement could lead to 30% gains. Ford jumped more than 6% following the upgrade — follow the stock live in real-time here.  Goldman Sachs has upgraded Ford to a buy […]

Goldman Sachs is scaling back expectations for the buzzy 2-year-old service its new CEO is relying on, and it highlights a major concern with the economy (GS)

Getty Images. Goldman Sachs has cut loan origination targets for its consumer lending platform Marcus for 2019, according to a Bloomberg report. The pullback reflects the firm’s growing concerns about the consumer debt market, the report said. Marcus is a key part of Goldman CEO David Solomon’s growth plans for the bank.  Goldman Sachs is […]

We tried Marcus, the new service that lets Brits bank with Goldman Sachs for as little as £1 — here’s what we thought

Screenshot/Will Martin/Business Insider If you’re not an avid follower of British retail banking, you might not have noticed that last week Goldman Sachs quietly launched its Marcus savings account in the UK. There was little fanfare beyond the press around the UK launch of Goldman’s first foray into consumer banking, after 150 years of catering to […]

GOLDMAN SACHS: Chinese tech giants are dominating North America in VC funding for the first time, and it could be the start of an unprecedented boom (BABA, BIDU, JD)

Chinese companies outpaced their American counterparts in venture-capital funding for the first time during the second quarter, according to Goldman Sachs. Tech giants and Softbank contributed the most to this milestone. According to Goldman’s analysts, Chinese tech giants including Alibaba and Baidu are creating ecosystems with unprecedented influence to develop new technologies and business models.  Watch […]

Elon Musk says he’s hired Goldman Sachs to help take Tesla private — even though the bank’s analyst is one of the most bearish on Wall Street (TSLA)

Max Whittaker / Getty Images Elon Musk tweeted late Monday that he was “excited to work with Silver Lake and Goldman Sachs” in his plan to take Tesla private.  Goldman Sachs’ analyst is one of the most bearish Tesla analysts on Wall Street, with a “sell” rating and $ 210 price target — 40% below […]

Musk tweets he's working with Goldman Sachs, Silver Lake & others to take Tesla private

Tesla CEO Elon Musk has tweeted news that he’s working with buyout firm Silver Lake and investment bank Goldman Sachs, among a host of other firms, in a bid to take the company private. “I’m excited to work with Silver Lake and Goldman Sachs as financial advisors, plus Wachtell, Lipton, Rosen & Katz and Munger, […]

Elon Musk reveals he is working with Goldman Sachs and Silver Lake to help take Tesla private (TSLA, GS)

Elon Musk said via Twitter Monday evening that he was working on a proposal with Goldman Sachs and Silver Lake as financial advisors to take Tesla private.   In a statement on Monday, Musk also shared more details about who might fund a deal to take Tesla private.  Musk said in the statement that a meeting with […]

Big banks like Goldman Sachs spectacularly failed to predict the World Cup winner — here’s why

Matthias Hangst/Getty Images Five major banks predicted the outcome of the World Cup in Russia, and all but one got it wrong. Goldman Sachs forecast that Brazil would lift the trophy, while UBS backed Germany. Banks were afflicted by the sheer unpredictability of this year’s tournament, which saw Croatia make it all the way to […]