Goldman Sachs
Bank of England may have to raise rates to 5% this summer, says Goldman Sachs
US investment bank believes inflationary pressures could force monetary policy committee’s hand
Richard Partington Economics correspondent
08, May, 2023 @7:00 AM
Average Wall Street bonuses plummeted in 2022 to $176,700
Bonuses now at pre-pandemic levels, after profits started to fall for firms as inflation rose and fears of recessions started to hit
Lauren Aratani
30, Mar, 2023 @3:29 PM
Goldman Sachs boss takes near 30% pay cut as turbulence hits bank
David Solomon’s pay was $25m for 2022, down from $35m in 2021, as investment bank’s profits fall 50% and 3,200 staff laid off
Kalyeena Makortoff Banking correspondent
27, Jan, 2023 @6:35 PM
Goldman Sachs to start cutting up to 3,200 jobs this week
Redundancies expected to be concentrated in investment banking division and consumer arm
Jasper Jolly
09, Jan, 2023 @9:26 AM
Goldman Sachs boss unveils plan to cut jobs amid global economy fears
CEO David Solomon said he will make cuts in January with reports claiming investment bank will axe about 4,000 posts
Jasper Jolly
29, Dec, 2022 @9:10 AM
China’s move to ease Covid travel restrictions lifts hopes for global economy
Analysts says lifting of many rules may soften impact of higher interest rates and unblock supply chains in 2023
Anna Isaac
27, Dec, 2022 @5:20 PM
Goldman Sachs bankers brace for hefty cut to bonuses
Bonus pool could be slashed by up to 40%, in possibly the lender’s largest cut to payouts since the financial crisis
Kalyeena Makortoff Banking correspondent
14, Dec, 2022 @7:29 PM
US banks named as being among least ethical UK operators
A new study scores the best and the worst accounts based on key issues such as climate and tax avoidance
Shane Hickey
12, Dec, 2022 @9:00 AM
Goldman Sachs expects worse UK recession in 2023
Bank tips economy to shrink 1% in downgraded forecast, but also predicts lower inflation and interest rates
Gwyn Topham and Phillip Inman
16, Oct, 2022 @11:01 PM
Energy prices could push UK inflation to 22%, a near post-war record
Goldman Sachs warns inflation could inflation peak above 22%, adding more pressure to households and businesses
Richard Partington Economics correspondent
30, Aug, 2022 @3:40 PM
Many US companies move to pay travel costs for employees seeking abortions
Tech firms and banks, including Bank of America, Goldman Sachs, Citigroup and JPMorgan Chase, add ‘critical healthcare’ package
Edward Helmore in New York
26, Jun, 2022 @8:28 PM
The Bank of England fears worker power, but most are taking a real-terms pay cut
Conditions have improved for a select few but on wages and flexible hours, the trend for employees is generally backwards. Can the rate-setters grasp that?
Phillip Inman
21, May, 2022 @4:00 PM
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