Goldman Sachs loses $80 million in WeWork investment
Goldman Sachs has lost out on an $80 million investment in WeWork, reports The Guardian. Initially, the bank refused to announce on its losses regarding its investment in the financially troubled office-sharing space. However, according to Stephen Scherr, the chief financial officer, the bank had to make the announcement public as it had “got quite […]
Goldman Sachs warns of looming recession
Investment bank Goldman Sachs is warning that President Donald’s Trump’s trade war with China is increasing the odds of a recession, reports Martha C. White of NBC News. In a research note released Sunday, Goldman Sachs chief economist Jan Hatzius said, “We have increased our estimate of the growth impact of the trade war.” Fourth-quarter […]
Malaysia files criminal charge against Goldman execs in 1MDB scandal
Malaysia has expanded efforts to prosecute Goldman Sachs Group Inc. employees it alleges were involved in the multi-billion-dollar 1MDB fraud, filing criminal charges against more than a dozen current and former senior executives based around the world. Vice Chairman Richard J. Gnodde, who heads the Wall Street firm’s international business in London, and J. Michael […]
