The scene is repeated day after day: Roger Ng, a former banker from Goldman Sachs Group Inc., He leaves his Manhattan apartment and, wearing an electronic ankle monitor, heads downtown to build the case that could save him from jail. Nearly three years have passed since Ng landed in the United States to face federal […]
Tag: Goldman Sachs
US banks rush to secure cheap financing
Updated on 01/24/2022 03:38 am the rush of Wall Street to sell bonds as borrowing costs rise looks set to continue, even as credit investors dwindle. Goldman Sachs Group Inc. outperformed five of the six largest banks in U.S raising nearly $29 billion this week, up from $24 billion in January 2021, which was double […]
Bitcoin will compete with gold as a “store of value,” according to Goldman Sachs
Zach Pandl, analyst at Goldman Sachs, assured that bitcoin could compete with gold as a store of value, if the cryptocurrency continues with its listing streak throughout 2022. In a scenario where digital assets are more widely adopted, Goldman Sachs found that, compared to the nearly $ 2.6 trillion of gold held as an investment, […]
Goldman Sachs lowers US GDP growth forecast due to setback in Biden’s fiscal project
Updated 12/20/2021 03:11 pm The investment bank Goldman Sachs reduced its growth forecasts for Gross Domestic Product (GDP) from U.S in 2022, after U.S. Senator Joe Manchin withdrew his support for the president’s key infrastructure project Joe Biden for a value of US $ 1.75 billion. Manchin, a moderate Democrat, appeared to deal a fatal […]
US bank executives are concerned about persistent inflation
Bank executives from USA expressed concern about the impact of a sustained acceleration of the inflation, which increases pressure on the Federal Reserve to accelerate plans to reduce the pace of its asset purchases. Senior banking officials are increasingly concerned that inflation could affect borrowers’ ability to repay loans, slow US economic growth and destabilize […]
Goldman Sachs: Fed to launch faster stimulus reduction plan from January
Updated on 11/25/2021 11:17 am The Federal Reserve will likely double the pace of its monthly bond purchases from January to $ 30 billion and cut its pandemic-era bond purchase plan in mid-March, Goldman Sachs strategists said in a meeting. daily note on Thursday. “The greater openness to accelerating the pace of downsizing likely reflects […]
Wall Street is betting that Brazil will accelerate its pace of adjustment
Updated on 10/25/2021 04:20 am The main firms of Wall Street warned that the worsening fiscal outlook for Brazil is pressuring central bankers to accelerate their pace of adjustment and raise the interest rates more than expected next week. JPMorgan Chase & Co., Goldman Sachs Group Inc, Credit Suisse Group AG and Morgan Stanley raised […]
US Banks See Wealth Management Boom for Loans and New Assets
The wealth management businesses of large US banks had another stellar performance in the third quarter, driven by record levels of new money coming into accounts and growing demand from clients to borrow against their investment portfolios. Morgan Stanley Inc, JPMorgan Chase & Co, Bank of America Corp and Goldman Sachs Group Inc. reported double-digit […]