Goldman Sachs

Goldman Sachs is a New York-based investment banking firm that engages in global investment banking, securities, investment management, and other financial services, primarily with institutional clients. Founded in 1869, the firm is recognised as one of the most prestigious institutions in the world, although its reputation has suffered after the financial sector drew fire since the global financial crisis. 

Goldman Sachs sees risk of falling stocks as bond yields rise

Goldman Sachs lowered corporate credit to underweight and predicted that government bond yields will increase.

Global equities and bonds may retreat in the next three months, with stocks at risk of a brief sell-off, as rising inflation boosts yields, according to a quarterly strategy report by Goldman Sachs.

Monday, 28 July, 2014, 6:39am

Goldman Sachs CEO fears risks to system if rival banks plead guilty

Goldman says it would be hard not to deal with certain banks.

The head of US bank Goldman Sachs has warned that guilty pleas from rivals BNP Paribas and Credit Suisse, under legal proceedings in the United States, could hurt the financial system.

19 May 2014 - 3:22am

Shuanghui could soon salve Hong Kong bourse's wounds with its IPO

Shuanghui International's listing plans involve grouping all the company's assets under the new name of WH Group. Photo: ChinaFotoPress

Still licking its wounds from the loss of Alibaba's planned US$15 billion initial public offering, the Hong Kong stock exchange may find some consolation in the imminent listing of Shuanghui International, likely to be the city's biggest this year.

3 Apr 2014 - 6:57am

Goldman Sachs Q4 net profit falls 21pc on softer bond market

Goldman Sachs was stung by its heavy reliance on the bond market, which historically has been a source of great profit. Photo: Bloomberg

Goldman Sachs reported a 21 per cent drop in quarterly profit as revenue from fixed-income trading fell on a day the Wall Street bank announced it has cut its pay ratio to the second-lowest as a public company.

17 Jan 2014 - 4:41am

US probe wider on Wall Street firms' China hiring practices

US authorities are examining whether JPMorgan violated anti-bribery laws by hiring the children and other relatives of well-connected politicians and clients in China. Photo: AFP

Goldman Sachs and Deutsche Bank are among five Wall Street firms in addition to JPMorgan Chase whose hiring practices in China are being probed by regulators in the United States, it was reported yesterday.

10 Dec 2013 - 2:57pm 4 comments

Goldman to shift to Europe if Britain quits EU

Michael Sherwood, Goldman Sachs co-chief executive

Goldman Sachs has said it would move much of its European business out of London if Britain leaves the European Union. The warning from the world's most powerful investment bank comes as political pressure for Britain to leave the EU mounts.

6 Dec 2013 - 5:09am 1 comment

Goldman Sachs vice chairman Michael Evans retires after 20 years

Goldman Sachs vice chairman Michael Evans retires after 20 years

Michael Evans, a former Goldman Sachs Asia chief who helped develop the bank's China business, is retiring after more than 20 years at the investment bank.

23 Oct 2013 - 8:53am

Goldman targets Asia investments with new fund

Goldman Sachs is raising capital for a new Asian fund.

Goldman Sachs Investment Partners, set up to allow clients to invest with some of the bank's top proprietary traders, is raising capital for a new Asian fund, two people with knowledge of the matter said.

20 Sep 2013 - 3:51am

Finding new ways to stay afloat

Illustration: Sarene Chan

Some of the top investment bankers in Hong Kong have chosen to leave a high-flying career in the financial industry and return to more traditional businesses, such as real estate and trade, fuelling doubts about the attractiveness of investment banking jobs in the future.

26 Aug 2013 - 6:58am

Errors show dangers persist in electronic markets

Goldman Sachs is left waiting on the extent of any trading losses.

For all the efforts to shore up electronic markets in the aftermath of one of the biggest trading catastrophes in the United States, Tuesday's options malfunction by Goldman Sachs shows the dangers have not gone away.

22 Aug 2013 - 2:06am

SEC sees victory in Tourre fraud case

Former Goldman Sachs trader Fabrice Tourre.

A jury found former Goldman Sachs vice-president Fabrice Tourre liable for fraud for his role in a failed mortgage deal that cost investors US$1 billion, in a big victory for the US Securities and Exchange Commission.

3 Aug 2013 - 4:54am

Under fire, Goldman offers way round warehouse lines

Goldman Sachs is seeking to deflect mounting criticism by offering customers immediate access to aluminium stored in its warehouses. Photo: Reuters

Goldman Sachs responded to mounting political pressure and regulatory scrutiny of its Metro International metals business, by offering customers immediate access to aluminium stored in its warehouses.

1 Aug 2013 - 2:00pm

Ex-Goldman banker Tourre denies creating subprime 'monstrosities'

Fabrice Tourre (left) and his defence lawyer, Sean Coffey. Photo: AFP

Fabrice Tourre has previewed his defence against civil fraud claims over a failed US$1 billion investment, telling jurors about his former life as a 28-year-old Goldman Sachs Group vice-president, working until midnight, six days a week on a vast trading floor, supervising no one.

27 Jul 2013 - 3:24am

Huarong split over investor plan ahead of Hong Kong IPO

Lai Xiaomin, chairman of China Huarong Asset Management (left). Morgan Stanley and Goldman Sachs are in advanced talks to take a stake in Huarong.

Huarong, the biggest of the four funds the central government set up to remove an estimated 1.4 trillion yuan (HK$1.76 trillion) of bad loans from the top four state banks as they prepared for initial public offerings, has reportedly been looking to raise up to US$2 billion by selling a stake of 15 to 20 per cent.

24 Jul 2013 - 7:46am

Former boss disputes Tourre’s description of mortgage deal

Jonathan Egol, Fabrice Tourre’s former boss at Goldman Sachs, gave evidence on Thursday. Photo: Reuters

Fabrice Tourre’s former boss at Goldman Sachs distanced himself on Thursday from the way Tourre described hedge fund Paulson & Co’s role in a 2007 subprime mortgage deal.

19 Jul 2013 - 3:08pm