Financial information
We are unable to get the stock information at this time. Sorry for any inconvenience
News about Gore Street Energy Storage Fund Plc
Goldman names head of wealth investment solutions for asset management
Vora is a 23-year Goldman veteran who joined as an analyst within the quantitative investment team. The unit Vora will head caters to affluent clients who fall under the ultra-high net worth and high-net worth categories, with personalized investment portfolios across both stocks and bonds.
Fri, 15 Sep 2023 14:28:41 +0000Read moreGoldman Sachs fires several executives in transaction banking -memo
Goldman Sachs fired several executives in its transaction banking unit after they violated the firm's communications policy, according to a memo seen by Reuters on Wednesday. Philip Berlinski, the bank's treasurer, will take over day-to-day management of transaction banking alongside Akila Raman and Luc Teboul. Berlinski is also leading Goldman's financial technology and consumer business on an interim basis.
Wed, 13 Sep 2023 21:23:43 +0000Read moreGoldman Sachs CEO says US economic outlook uncertain despite soft landing prospects
NEW YORK (Reuters) -Goldman Sachs CEO David Solomon said the U.S. economy is likely to avoid a significant recession, but warned that inflation will likely be more persistent than market participants currently expect. The Federal Reserve has tamed inflation via interest rate increases, but it may need to take further action, he said. "I have a personal point of view that inflation is going to be a little bit more sticky than the more optimistic views," Solomon said.
Tue, 12 Sep 2023 17:34:49 +0000Read moreGoldman Sachs cuts chances of US recession in next one year to 15%
The continued positive inflation and labor market data led to the cut, Goldman Sachs Chief Economist Jan Hatzius wrote in a note. The investment bank said it expected reacceleration in real disposable income next year on the back of continued solid job growth and rising real wages. U.S. consumer spending accelerated in July, but slowing inflation strengthened expectations that the Federal Reserve would keep interest rates unchanged in its policy meeting this month.
Tue, 05 Sep 2023 05:14:34 +0000Read moreFed warned Goldman's fintech unit on risk, compliance oversight -FT (Aug. 31)
A division of Goldman Sachs' transaction banking business (TxB) has stopped signing on riskier financial technology clients after a warning from the U.S. Federal Reserve over risk and compliance earlier this year, the Financial Times reported on Thursday. The Fed has raised issues including insufficient due diligence and monitoring processes by the Goldman division when accepting high-risk non-bank clients, the report said, citing people with knowledge of the talks. The Fed declined to comment while Goldman Sachs and TxB did not immediately respond to a Reuters request for comment on the report.
Thu, 31 Aug 2023 05:19:49 +0000Read more