FeaturedWealth ManagementGoldman to bring its wealth management services to the massesPritam BordoloiDecember 23, 2020 by Pritam BordoloiDecember 23, 2020 The investment bank has started internal testing of the digital service, called Marcus Invest... Read more
BankingFeaturedGoldman Sachs temporarily closes Marcus for new UK customersInternational Finance Business DeskJune 12, 2020 by International Finance Business DeskJune 12, 2020 Since the start of the pandemic, deposits worth $5.1 billion flooded the account, with Marcus now holding an approximate total of $27 billion... Read more
FeaturedFintechSingaporean fintech Spark secures $10.5 mn funding from Citi, HSBCPritam BordoloiMay 15, 2020 by Pritam BordoloiMay 15, 2020 Spark’s will use the funds to further develop its in-house technology... Read more
FeaturedOil & GasSaudi urges Opec+ to cut 1.5 mn bpd as coronavirus affects oil demandInternational FinanceMarch 5, 2020March 18, 2020 by International FinanceMarch 5, 2020March 18, 2020 the Kingdom has pushed for a larger cut compared to Goldman Sach’s recommendation of 600,000 to I mn bpd... Read more
FeaturedFintechSouth African fintech Jumo raises $55 million in Goldman-led fundingInternational FinanceFebruary 27, 2020March 18, 2020 by International FinanceFebruary 27, 2020March 18, 2020 The proceeds of the funding will be used to expand its operations into new markets and launch new products... Read more
Asset ManagementFeaturedGoldman Sachs to target $9bn assets under management in JapanInternational FinanceFebruary 10, 2020March 18, 2020 by International FinanceFebruary 10, 2020March 18, 2020 Goldman Sachs has already begun to hire private bankers to manage assets over the next 5 to 10 years... Read more
BankingFeaturedGoldman bank licenced to operate in South Africa as part of expansionInternational FinanceJanuary 21, 2020March 18, 2020 by International FinanceJanuary 21, 2020March 18, 2020 The bank has become a member of Johannesburg Stock Exchange’s interest-rate and currency-derivatives market... Read more
BrokerageFeaturedGoldman’s workforce expansion in China is part of five-year strategy planInternational FinanceJanuary 14, 2020March 18, 2020 by International FinanceJanuary 14, 2020March 18, 2020 The headcount will increase by 600 employees in Goldman Sach’s mainland operations... Read more
BankingDeutsche Bank scales restructuring with $50 bn asset saleInternational Finance DeskNovember 28, 2019 by International Finance DeskNovember 28, 2019 The assets are related to emerging market debt — and are the latest in a series of unit disposals this year... Read more
BankingBank of America hires Saudi investment banking headInternational Finance DeskNovember 13, 2019 by International Finance DeskNovember 13, 2019 Saud Al Tassan has previously worked at NCB Capital and Banque Saudi Fransi... Read more