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Financials Lloyd Blankfein

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  • *Sat on Alibaba's board since its 2014 IPO. HONG KONG, Aug 5- Alibaba Group Holding Ltd is hoping a Canadian Olympic gold medallist once tipped to be the next chief executive of Goldman Sachs Group Inc will help them make it big in the United States. Michael Evans, who turns 58 this month, retired from the U.S. investment bank in 2013, having forged a reputation as one of...

  • The bank said it set aside $1.45 billion for mortgage-related legal costs and regulatory matters, up from $284 million a year earlier, reducing earnings by $2.77 per share. As with its competitors, Goldman's trading business- long a strength for the Wall Street bank- also came under pressure in the quarter amid worries about Greece and China.

  • July 16- Goldman Sachs Group Inc's profit more than halved in the second quarter as trading revenue weakened and litigation provisions soared. The Wall Street bank said on Thursday its net income applicable to common shareholders fell to $916 million, or $1.98 per share, in the three months to June 30, from $1.95 billion, or $4.10 per share, a year earlier.

  • ANN ARBOR, Mich., June 26- From renaming an ice cream flavor to flying the gay movement's rainbow flag, many American corporations celebrated Friday's U.S. Supreme Court decision to legalize same-sex marriage and said it made good sense for their businesses. "We applaud today's U.S. Supreme Court ruling on marriage equality, which will help families across the...

  • SAN FRANCISCO, May 21- In Goldman Sachs Group Inc's latest move to bolster its street cred as a cool, tech-savvy bank, the firm held its annual shareholder meeting in its San Francisco headquarters on Thursday. In just the past few weeks, Goldman has hired an executive to build a digital lending platform, co-led a $50 million investment in a bitcoin startup and...

  • *1st- qtr earnings $5.94/ share vs est. April 16- Goldman Sachs Group Inc reported its best quarterly profit in five years on Thursday, notching up big gains from trading bonds and currencies as global markets gyrated during the first three months of the year. Trading in fixed-income products and currencies got a boost after the Swiss central bank scrapped a cap on...

  • April 16- Goldman Sachs Group Inc reported a first-quarter profit on Thursday that handily beat analysts' expectations, driven by a burst of trading in fixed-income and currencies. Goldman said its net income applicable to common shareholders rose to $2.75 billion, or $5.94 per share, for the quarter ended March 31, from $1.95 billion, or $4.02 per share, in the...

  • UPDATE 1-Goldman paid CEO Blankfein $24 mln in 2014 Friday, 10 Apr 2015 | 10:50 AM ET

    April 10- Goldman Sachs Group Inc awarded Chief Executive Lloyd Blankfein $24 million in compensation for 2014, a 4.3 percent increase from a year earlier. Blankfein's base pay was unchanged at $2 million but his cash bonus increased to $7.33 million from $6.3 million in 2013, according to a regulatory filing. Citigroup Inc cut CEO Michael Corbat's pay by...

  • *Credit Suisse names Prudential's Tidjane Thiam as new CEO. *Credit Suisse shares rally 7.5 pct. ZURICH/ LONDON/ HONG KONG, March 10- Credit Suisse has swooped on Prudential boss Tidjane Thiam to lead the Swiss bank in a push to manage more of the wealth of Asia's fast growing multi-millionaires' club.

  • *Credit Suisse names Prudential's Tidjane Thiam as new CEO. *Credit Suisse shares rally 7.5 pct. ZURICH/ LONDON/ HONG KONG, March 10- Credit Suisse has swooped on Prudential boss Tidjane Thiam to replace chief executive Brady Dougan- seen to have failed in reforming the Swiss bank fast enough- in order to push into wealth management of a growing multi-millionaires...

  • *Credit Suisse names Prudential's Tidjane Thiam as new CEO. *Credit Suisse shares open 8.8 pct higher after news. ZURICH/ LONDON/ HONG KONG, March 10- Credit Suisse is bringing in Tidjane Thiam, the head of British insurer Prudential, as its new chief executive to help drive the Swiss bank's push into wealth management in emerging markets.

  • ZURICH/ HONG KONG, March 10- Credit Suisse said it had hired Prudential head Tidjane Thiam as the first African to lead a global investment bank, with the job of reviving a company reeling from U.S. penalties and under increasing regulatory scrutiny. Credit Suisse Chairman Urs Rohner said long-standing boss Brady Dougan was stepping down as chief executive of...

  • ZURICH/ HONG KONG, March 10- Long-standing Credit Suisse boss Brady Dougan is set to quit as chief executive of the Swiss bank as soon as Tuesday and will be replaced by Prudential head Tidjane Thiam, people familiar with the moves told Reuters. Thiam, a former Ivory Coast government minister who has led Prudential since 2007, will become one of the few top...

  • ZURICH/ LONDON, March 9- Brady Dougan is set to quit as chief executive of Credit Suisse, a person familiar with the matter told Reuters. Although the Swiss bank's board backed the American chief executive over the deal, under which Credit Suisse pleaded guilty to criminal charges but held onto its New York licence and its legally protected client data, he came...

  • NEW YORK, March 5- When U.S. auto lender Ally Financial Inc failed a key regulatory test two years ago, its executives were surprised to learn that the main reason was that the Federal Reserve treated loans to car dealers just like riskier credit to energy producers or manufacturers. "We felt like in some areas very broad approaches were being taken when maybe it...

  • NEW YORK, Feb 10- Goldman Sachs Group Inc is trying to convince investors that its business model does not need to change. Those ideas run contrary to a common narrative on Wall Street about Goldman: It is good at earning money by trading and investing its own capital, but little else. "Most people will tell you Goldman makes almost all its money on trading- I hear it all...

  • NEW YORK, Feb 10- Goldman Sachs Group Inc is trying to convince investors its business model is more diverse than meets the eye. Those ideas run contrary to the common narrative on Wall Street that Goldman is good at earning money by trading and investing its own capital, but little else. I hear it all the time, "said Rick Scott, who trades in Goldman shares as chief...

  • This is how Goldman is doing 'God's work' now Tuesday, 10 Feb 2015 | 8:55 AM ET
    Lloyd Blankfein at the 2015 WEF in Davos, Switzerland.

    One CEO presents the argument that the investment giant is a seller of stability, despite its embattled reputation.

  • Goldman: Jack of all trades, not master of one -CEO Tuesday, 10 Feb 2015 | 8:00 AM ET

    NEW YORK, Feb 10- Goldman Sachs Group Inc is trying to convince investors that its business model is more eclectic than meets the eye. Those ideas run contrary to a common narrative on Wall Street about Goldman Sachs: that it is good at earning money by trading and investing its own capital, but little else. "Most people will tell you Goldman makes almost all its money...

  • WASHINGTON, Feb 7- John Whitehead, a former senior partner and co-chairman of Goldman Sachs who helped make it a top-tier Wall Street firm and led its international expansion, has died, the investment bank said on Saturday. Whitehead joined Goldman Sachs in 1947 and worked his way to the highest rung of its corporate ladder before leaving after 38 years to become a...