Goldman Sachs News

Billionaire Tom Steyer’s Commercial Real Estate Lead Says ‘Watch Insurance Risk’

Joseph Sumberg, a former managing director at Goldman Sachs Group Inc. who now works for billionaire climate investor Tom Steyer, says commercial real estate deals will increasingly need to price in rising insurance costs, as hurricane seasons get more destructive …

DBS Group Considers Forming Insurance Partnerships in India, Taiwan: Sources

DBS Group Holdings Ltd. is considering forming insurance partnerships in India and Taiwan to expand its services in the region, according to people familiar with the matter. The Singapore-based lender is working with Goldman Sachs Group Inc. as an adviser …

Goldman Sachs’ Fund Division to Leave Climate Investor Group

Goldman Sachs’ fund division is to leave investor engagement group Climate Action 100+, joining other financial services companies which have pulled out amid a political backlash in the United States. U.S. members of global climate-focused coalitions have come under pressure …

Ex UK Goldman Sachs Manager Seeks $1.27M Over Harm From ‘Dysfunctional’ Workplace

A former senior Goldman Sachs manager is seeking around 1.0 million pounds ($1.27 million) from the Wall Street bank in London over allegations that bullying and a dysfunctional workplace destroyed his physical and psychological health. Ian Dodd, a 55-year-old former …

Goldman Sachs to Pay $215M to Settle Gender Discrimination Lawsuit

Goldman Sachs Group Inc agreed to pay $215 million to settle a long-running class-action lawsuit that alleged widespread bias against women in both pay and promotions, a joint statement from the company and the plaintiffs said. The settlement covers about …

Ex-Goldman Banker Faces Insider Trading Trial After Being Cut Off by Bank’s Insurer

A former Goldman Sachs Group Inc. vice president who goes on trial for insider trading in June is scrambling to pay for his legal defense after he was cut off by the bank’s insurers. Brijesh Goel, who has pleaded not …

Goldman Sachs Paid Over $12M to Bury Partner’s Claim of Sexist Culture

Goldman Sachs Group Inc. paid out well over $12 million to a veteran executive who complained internally about a toxic workplace for women in the highest echelons of Wall Street’s most prestigious firm. The bank settled with the departing partner …

16 Wall Street Firms Fined $1.8B for Talking Deals, Trades on Personal Apps

U.S. regulators on Tuesday fined 16 financial firms, including Barclays, Bank of America, Citigroup, Credit Suisse, Goldman Sachs, Morgan Stanley and UBS, a combined $1.8 billion after staff discussed deals and trades on their personal devices and apps. The sweeping …

Goldman Poll Finds Insurers Expect a U.S. Recession

Insurance executives who oversee more than $13 trillion in assets expect the U.S. to enter a recession in the near future, according to an annual survey conducted by Goldman Sachs Group Inc. Of 328 chief investment officers and chief financial …

Goldman Sachs Vows to Push Directors for More Climate Disclosure

Goldman Sachs’ big asset-management arm will take a harder line in voting on directors at companies that do not disclose enough about their greenhouse gas emissions, an executive said on Thursday, adding to the pressure on business leaders to provide …