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The Latest Breaking News from Goldman Sachs

Goldman Sachs to start cutting up to 3,200 jobs this week

Redundancies expected to be concentrated in investment banking division and consumer arm

The Guardian - UK

Goldman Sachs prepares to axe 3,200 jobs amid cost-cutting – reports

Institutional banks have been struck a major slowdown in activity in recent months due to volatility in the global financial markets

The Independent UK

No more free coffee and layoff warnings—Goldman Sachs workers experience a rude awakening

Goldman Sachs workers are on edge: David Solomon has warned of potential layoffs and has pulled back free coffee perks.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Something big is happening in the U.S. housing market—here's where 27 leading research firms think it'll take home prices in 2023

Among the nation's 27 leading housing researchers, 23 expect U.S. home prices to fall further in 2023.

Fortune

Corporate money fuels SCOTUS group

Chevron, Goldman Sachs and anti-abortion activists donated to Supreme Court nonprofit, reports New York Times

Salon

'You guys cost us a lot of money' - Liverpool takeover move fell through due to worries about 'negative press'

RedBird Capital founder and managing partner Gerry Cardinale had explored a purchase of Liverpool in 2009

Liverpool Echo

New congressman admits lying about background and pretending to be 'Jew-ish'

Republican rep for New York, George Santos, admitted "sins" of "embellishing" his resume and that his false claim of being Jewish was due to a tenuous maternal link, which he refered to as being "Jew-ish"

Daily Mirror

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Newly elected US congressman admits his life story is all made up

From his education, to his heritage, George Santos has admitted he "embellished" during his successful campaign.

The New Daily

Democrats call for GOP faker to quit

George Santos says he's sorry for "having embellished his résumé" — but his claim to be Jewish might sink him

Salon

Looking for votes, GOP leader McCarthy might have to look past Rep.-elect Santos' serial fabrications

WASHINGTON — U.S. Rep.-elect George Santos’ serial fabrications about his life story sets up a key test for Republican leader Kevin McCarthy, who’s struggling to win next week’s vote for House speaker.

Tribune News Service

"Liar Rep.-Elect George Santos Admits Fabricating Key Details of His Bio"

The New York Post (Victor Nava & Carl Campanile) reports: "My sins here are embellishing my resume. I'm sorry," Santos said Monday. Santos confessed he had "never worked directly" for Goldman Sachs and Citigroup, chalking that fib up to a "poor choice of words." The 34-year-old now claims instead that…

Reason

Newly elected Republican admits to lying about his background but insists he won’t step down

Santos won Long Island’s Nassau County seat in midterm elections

The Independent UK

Crooks pose as Goldman Sachs bankers on WhatsApp to promote dodgy crypto schemes

Brits have lost more than £600 million to fraud in the first half of 2022 alone

Evening Standard

Republican congressman George Santos reportedly fabricated parts of résumé

The incoming congressman’s biography is now being re-examined as opponent claims Santos was ‘running a scam against the voters’

The Guardian - US

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WEKU

New York GOP leader calls accusation of faked bio for new GOP House member 'serious'

Rep.-elect George Santos won a House seat on Long Island in November but now much of his biography and resume appear to have been invented.

Axios

The murky details in one congressman-elect's campaign biography

A new report raises serious questions about Rep.-elect George Santos' résumé.

The Times of India

Goldman Sachs may lay off up to 4,000 people

Goldman Sachs Group Inc may eliminate as many as 4,000 jobs, or roughly 8% of the workforce, as chief executive officer David Solomon battles to contain a slump in profit and revenue.

Fortune

Goldman Sachs weighs 40% cut on investment banker bonuses

As Wall Street goes from feast to famine, Goldman Sachs is reportedly weighing the largest cuts to banker bonuses since the 2008 financial crisis

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The Guardian - UK

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

Fortune

The market outlook for 2023 is uncertain. Here’s why Goldman Sachs thinks you should stay invested

Goldman Sachs think the U.S. will avoid a deep recession in 2023. Here are the just-in-case strategies they recommend to protect your investments.

The Guardian - UK

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

Fortune

In 2022 workers won the return-to-office battle with their bosses

A year-in-review of the hybrid work wars.

Fortune

Goldman Sachs and the return of ‘Blockchain not Bitcoin’

Goldman Sachs CEO says Wall Street knows best when it comes to blockchain innovations.

Fortune

Goldman Sachs CEO David Solomon is mulling staff cuts and has rolled out a massive reorganization. Here’s who is gaining power—and who is losing it

Goldman is slated to implement its latest reorganization later this month. That means major winners and losers inside the storied Wall Street firm’s ranks.

Fortune

Bank of America chief doesn’t see the point of layoffs—let natural attrition do the trick

Many of Bank of America’s peers at Goldman Sachs and Morgan Stanley have already started culling their employees as dealmaking dries up.

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