Goldman Sachs News

Insurers Fear U.S. Economic Slowdown, Inflation: Goldman Sachs

Goldman Sachs Group Inc.’s asset-management unit, which oversees $250 billion for insurers, said an economic slowdown in the U.S. is the biggest investment risk for the industry for the first time since the financial crisis. “Insurers expressed a growing consensus …

Global Insurers Favor Private Equity Investments

Thirty-two percent of insurers plan to maintain or increase their investments in private equity in the next 12 months to boost returns, a survey of 300 executives overseeing more than $10 trillion in insurance assets showed on Tuesday. Insurers have …

Trump Hands Climate Leadership Role to China to Dismay of Global Leaders

President Donald Trump’s decision to isolate the U.S. on climate change triggered waves of complaints from government and business leaders around the world and handed China a golden opportunity to burnish its image as a global leader. Trump’s withdrawal from …

Supply Chains Thwart Climate Risk Management for 75 Major Companies: Report

Goldman Sachs Group Inc., Coca-Cola Co. and 73 other companies that together buy more than $2 trillion of goods and services are unprepared for climate shocks because suppliers are ignoring requests for data on their exposure to rising temperatures and …

Former Quest CEO Wins $14 Million in Insurance Case Against Goldman Sachs Unit

Former Qwest Communications International Inc. chief Joseph Nacchio won a $14.2 million insurance case verdict against a Goldman Sachs Group Inc. unit and a financial adviser who previously helped convict him of insider trading, according to a lawyer who filed …

Berkshire Hathaway Lowers Investment in Goldman Sachs

Warren Buffett’s Berkshire Hathaway Inc. reduced its investment in Goldman Sachs Group Inc. by 13 percent during the third quarter. The billionaire investor’s Omaha, Nebraska-based firm said it owned almost 11 million shares at the end of September, the company …

Reuters Special Report: U.S. Banks Book Trades Abroad to Bypass U.S. Regulation

This spring, traders and analysts working deep in the global swaps markets began picking up peculiar readings: Hundreds of billions of dollars of trades by U.S. banks had seemingly vanished. “We saw strange things in the data,” said Chris Barnes, …

Specialty Insurer James River Raises $231M in IPO

James River Group Holdings Ltd., the specialty insurer backed by hedge fund company D.E. Shaw & Co. and Goldman Sachs Group Inc., raised $231 million in an initial public offering, pricing its shares below the marketed range. Existing investors Shaw …

Goldman, JPMorgan CEOs Pursued Private Rescue for AIG

The heads of Goldman Sachs Group Inc. and JPMorgan Chase & Co. told federal regulators days ahead of the 2008 government bailout of American International Group Inc. that they were putting together a private rescue of the insurance giant, a …

Judge Denies New York Fed Employee Whistleblower Protection Over Firing

A federal judge on Wednesday dismissed a lawsuit against the Federal Reserve Bank of New York by a former bank examiner who claimed the Fed fired her after she refused to change certain findings about Goldman Sachs Group Inc. U.S. …