Goldman Sachs News

Supreme Court Backs Goldman Sachs Escape from Securities Class Action

The U.S. Supreme Court on Monday handed a victory to Goldman Sachs Group Inc. in its bid to avoid an investor class action lawsuit accusing the bank of hiding conflicts of interest when creating risky subprime securities before the 2008 …

Goldman Survey: Insurers Favoring Private Equity Over Hedge Funds

Insurers want to put more money into private equity this year while scaling back on hedge funds, a survey by Goldman Sachs Asset Management showed on Wednesday. Private equity was the most-favored asset class for insurers seeking to increase investment …

Supreme Court Agrees to Hear Goldman Stock Price Class Action

The U.S. Supreme Court on Friday agreed to hear Goldman Sachs Group Inc.’s appeal in a securities fraud case that could redefine the ability of shareholders to pursue class actions against public companies whose stock prices fall. Goldman is appealing …

Goldman Eyes More Business From Europe’s Insurers With Barclays Hire

Goldman Sachs has poached Barclays’ insurance banker Marguerite Bion to win more business from Europe’s biggest insurers as industry consolidation heats up amid anemic profitability and tightening regulation. Bion, who started her career at Citigroup in 2001 and spent the …

Women Suing Goldman Sachs Demand Files with Words They Say Prove Discrimination

Women suing Goldman Sachs Group Inc. for gender discrimination are going after any internal documents with words like “babe,” “bimbo” or worse that they say would show bias by executives who administered the bank’s promotion and evaluation policies. The women …

Goldman Sachs Denies Accusations of Attempted Cover-Up of Sexual Misconduct

Goldman Sachs Group Inc. attempted to cover up allegations of workplace sexual misconduct by the bank’s global head of litigation, a lawsuit filed on Monday in New York State Supreme Court claimed. The lawsuit was filed by Marla Crawford, a …

Insurers Shift Real Estate Investments from Offices to Warehouses

Global insurers want to increase investments in commercial warehouses as their stakes in office space become riskier because of employees working remotely during the novel coronavirus pandemic, Goldman Sachs Asset Management (GSAM) executives said. The pandemic is hastening a shift …

Courts Allows Shareholder Class Action Against Goldman Sachs Tied to 2008 Crisis

Goldman Sachs Group Inc. must face a shareholder class action accusing the bank of hiding conflicts of interest, including behind-the-scenes dealings with a prominent hedge fund manager, when creating risky subprime securities before the 2008 financial crisis. In a 2-1 …

More Compensation Disclosure Doesn’t Settle Goldman Investor’s Claim

A bid by Goldman Sachs Group Inc. to settle a lawsuit over how much it pays directors was rejected by a judge who said that simply making changes in corporate governance didn’t provide enough benefit to the firm. The investment …

Goldman Sachs Wants Whistleblower’s Claims Sent to Arbitration

Goldman Sachs Group Inc. says claims by a former executive that the bank retaliated against him for blowing the whistle on its failure to comply with anti-money-laundering policies should be heard outside of court or dismissed. The former executive, Chris …