Tag: Goldman Sachs Group Inc

Big Banks Were the Loudest Optimists. They’re Getting Quieter.

The heads of America’s largest banks have been some of the country’s most prominent optimists over the past two years, shooing away questions about the potential effects of President Trump’s trade policies, cheering his tax cuts and offering periodic reassurances that things would all work out for the American economy. But manufacturing activity and job […]

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Banks Want Efficiency. Critics Warn of Backsliding.

WASHINGTON — A decade after big banks needed government support to dig out of the financial crisis, the Federal Reserve is slowly, but steadily, making a series of regulatory changes that could chip away at new requirements put in place to prevent a repeat of the 2008 meltdown. Some of the changes, seemingly incremental and […]

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Malaysia Charges Goldman Sachs Executives in 1MDB Scandal

Malaysia filed criminal charges on Friday against a top executive at Goldman Sachs, a former executive who now works for Alibaba of China and others, as it intensifies pressure on the Wall Street bank in a scandal involving the misuse of billions of dollars in government funds. The charges escalate the legal challenges for Goldman, […]

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Dear Walmart C.E.O.: You Have the Power to Curb Gun Violence. Do It.

The following is an open letter to Doug McMillon, the chief executive of Walmart. Dear Mr. McMillon, The massacre at your store in El Paso over the weekend was a tragedy. So were the shooting deaths, days earlier, of two Walmart employees, at a Walmart store in Mississippi. So, too, was the mass shooting early […]

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Foreign-Owned Banks’ Results Could Sweeten Further Under Tax Law

WASHINGTON — President Trump’s tax cuts have been very good to big banks. For foreign-owned banks, they could get even better. The cuts allowed America’s largest banks to save an estimated $16 billion collectively in taxes last year, a windfall that helped those firms reward shareholders through stock buybacks and dividend payments. The savings flowed […]

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Deutsche Bank Caught Up in Scandal Over Malaysian 1MDB Fund

Federal prosecutors are investigating Deutsche Bank’s role in a scheme that looted a Malaysian government fund, drawing the troubled German bank into a scandal that has already ensnared an American competitor, Goldman Sachs. Deutsche Bank released a statement on Wednesday saying it had cooperated fully with all inquiries related to the fund, 1Malaysia Development Berhad, […]

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Being Transgender at Goldman Sachs

Goldman Sachs’s trading floors are vast rooms crammed with rows of tightly packed workstations, four monitors for every trader. The two-by-two grids tower over and swallow up their users, so that the only way someone can be identified from across the room is by the decorations affixed to the tops of the screens. At one […]

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Helping Women Overcome Society’s Outdated Messages on Money

To explain why women make 80 cents for every dollar men make, why men are vastly overrepresented in executive positions and why female-led start-ups often struggle to secure funding, Sallie Krawcheck had one answer: society. “We receive these messages that we’re flibbertigibbets when it comes to money,” said Ms. Krawcheck, the chief executive of Ellevest, […]

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