Goldman sachs group

Business Goldman Sachs Group Inc reported a 6per cent fall in quarterly profit on Tuesday as the Wall Street investment bank was hurt by muted fixed income trading activity and weakness in debt underwriting. 16 Jul 2019 07:45PM Bookmark REUTERS: Goldman Sachs Group Inc reported a 6per cent fall in quarterly profit on Tuesday as the Wall Street investment bank was hurt by muted fixed income trading activity and weakness in debt underwriting.The bank's net earnings applicable to common shareholders fell to US$2.20 billion in the quarter ended June 30 from US$2.35 billion a year ago. Earnings per share fell to US$5.81 from US$5.98 a year earlier.Total net revenue fell 2per cent to US$9.46 billion. (http://bit.ly/2lwdUOM)Analysts had expected earnings of US$4.89 per share and revenue of US$8.83 billion, according to IBES estimate from Refinitiv. It was not immediately clear if the reported numbers were comparable with estimates.Goldman's main rival Morgan Stanley is expected … [Read more...] about Goldman Sachs profit hit by weakness in trading, underwriting

Business Wall Street bank Goldman Sachs Group Inc is combining its private-investing arms, with the resulting new division to have about US$140 billion in assets, the Wall Street Journal reported on Sunday, citing people familiar with the matter. 17 Jun 2019 04:55AM Bookmark REUTERS: Wall Street bank Goldman Sachs Group Inc is combining its private-investing arms, with the resulting new division to have about US$140 billion in assets, the Wall Street Journal reported on Sunday, citing people familiar with the matter.The bank is looking to combine four different units that invest in private companies, real estate and other hard-to-access deals, according to the report.Goldman Sachs did not respond to a Reuters request for comment on Sunday.(Reporting by Kanishka Singh in Bengaluru; Editing by Sonya Hepinstall) … [Read more...] about Goldman Sachs combining its private-investing units: WSJ

REUTERS: Goldman Sachs Group Inc said on Monday that West Street Capital Partners VII, a fund managed by the company's merchant banking unit, will acquire Capital Vision Services LP, to bolster their portfolio in the healthcare services sector.The fund will buy Capital Vision, which manages MyEyeDr. optometry centers, from private equity firm Altas Partners LP and Canadian pension fund Caisse de dépôt et placement du Québec, Goldman Sachs said.Goldman did not reveal terms of the deal, which was earlier reported by the Wall Street Journal. The paper said it was valued it at US$2.7 billion, including debt.Capital Vision supports independent optometrists and practices affiliated with the optometry practice management company MyEyeDr.The deal is expected to close in the third quarter of 2019, Goldman Sachs said.(Reporting by Rishika Chatterjee in Bengaluru; editing by Gopakumar Warrier) … [Read more...] about Goldman Sachs arm to buy Capital Vision Services

Business Goldman Sachs Group Inc is nearing a deal to buy boutique wealth management firm United Capital Financial Partners Inc for several hundred million dollars, a source told Reuters. 11 May 2019 05:35AM Bookmark REUTERS: Goldman Sachs Group Inc is nearing a deal to buy boutique wealth management firm United Capital Financial Partners Inc for several hundred million dollars, a source told Reuters.The deal would be Goldman's biggest since the financial crisis and could be announced as soon as Monday, the Wall Street Journal reported.Goldman Sachs declined to comment. United Capital did not immediately respond to Reuters' request for comment.United Capital is a California-based investment advisory firm with independent financial advisers based at around 90 offices in the United States managing roughly US$23 billion of clients' money.(Reporting by Arjun Panchadar in Bengaluru; Editing by Anil D'Silva and Jonathan Oatis) … [Read more...] about Goldman Sachs nears deal to buy United Capital

NEW YORK: Former Goldman Sachs Group Inc banker Roger Ng pleaded not guilty to criminal charges linked to a multibillion-dollar scandal at the Malaysian state investment fund 1MDB in an appearance at federal court in New York on Monday (May 6).The US Department of Justice accused 46-year-old Ng last year of conspiring to launder money and bribe government officials in Malaysia and Abu Dhabi through bond offerings that Goldman Sachs handled. He was extradited on May 3 to New York from Kuala Lumpur, where he had been jailed since November.US Magistrate Judge Peggy Kuo, of US District Court in Brooklyn, New York, allowed Ng, a Philippines citizen, to be released in exchange for a US$20 million bond. He was fitted for an ankle bracelet, and will be staying at an undisclosed location in the New York City area that the court approved.His lawyer, Marc Agnifilo, said he convinced Ng to "come to the US and face the music" because it was evident that prosecutors were not … [Read more...] about Ex-Goldman Sachs banker Ng pleads not guilty to 1MDB charges