Goldman Sachs is hoping to compete more with other banks such as JPMorgan and Citigroup in helping corporations manage and...
In an interview with a French newspaper Goldman Sachs CEO David Solomon said that his company is “absolutely” looking at...
Goldman Sachs is looking for inspiration from the big tech companies rather than big banks as it considers where to...
Goldman Sachs held their investor day yesterday, opening up about their future plans; the bank has not been shy about...
Goldman Sachs is currently in discussions to buy personal financial management app Clarity Money according to reporting by American Banker; they plan to roll the company in their Marcus brand; this is the latest move by the wall street titan to build out their consumer focus; Clarity Money uses AI to help consumers make better financial decisions by lowering bills, finding better credit cards and creating a savings account. Source.
Steve Strongin believes most digital currencies are unlikely to survive in their current form and that investors should be prepared for coins to lose all of their value; Strongin states that they are likely to be replaced by a small set of future competitors; he cites the high correlation of cryptocurrencies, the lack of intrinsic value and speed as reasons for concern; Strongin still is optimistic on blockchain technology. Source
Goldman Sachs has launched an in house incubator that will allow employees to work on innovative ideas; GS Accelerate is currently accepting applications to move Goldman into new business areas, manage risk and try to fix inefficiencies; the move is part of a wider strategy for Goldman who now shows 46 percent of staff being in technology; “When it comes to entrepreneurship, there are always more failures than successes,” a memo reported by TearSheet stated. “But if we’re creative, imaginative and learn from what did and didn’t work, GS Accelerate can become a powerful engine to bring important ideas to life.” Source.
CNBC is reporting that Goldman Sachs has quietly launched a new point of sale installment loan product with JetBlue as...
Goldman Sachs continues to be one of the most active companies in all of finance when it comes to new...
According to the Wall Street Journal Goldman Sachs is going after yet another new line of business: corporate treasury services;...