Lloyd C. Blankfein will be stepping down from his dual role as chairman and CEO of Goldman Sachs Group after a 12-year reign at the top during which he guided the firm through the Great Recession and many controversies. The changing of the guard at Goldman Sachs was not met with surprise as there have… Read More >>
Trump Pick Spurs Executive Shuffle at Goldman Sachs
An executive shuffle is underway at investment banking giant Goldman Sachs as Gary D. Cohn, president and chief operating officer (COO) for the firm, has agreed to become the top economic policy adviser to President-Elect Donald J. Trump. The Trump transition team and Goldman Sachs officials confirm the appointment of Cohn, and Lloyd C. Blankfein,… Read More >>
Goldman Sachs to Pay $5.2 Billion to Settle Key Cases
The Goldman Sachs Group will be writing a lot of checks during 2016 as it has agreed to separate settlements with the SEC and the Residential Mortgage-Backed Securities Working Group of the U.S. Financial Fraud Enforcement Task Force (RMBS Working Group) that will likely total approximately $5.2 billion, and will impact the firm’s bottom line…. Read More >>
