Financials Lloyd Blankfein

  • Oct 16- Wall Street's top investment banks reported better-than-expected quarterly profits on Tuesday, helped by strength in stock trading and equity underwriting, wrapping up what has been a strong quarter for the big U.S. banks. Morgan Stanley's gains from investment banking and trading businesses outstripped those of traditional rival Goldman Sachs...

  • This is Goldman's last quarterly results under Lloyd Blankfein, who led the company as chief executive for 12 years before handing over the reins to David Solomon in October. The bank said fixed income, currency and commodity trading revenue fell 10 percent to $1.31 billion. Net earnings attributable to common shareholders rose to $2.45 billion, or $6.28 per...

  • (L-R) Lloyd Blankfein and David Solomon attend NYSCF Annual Summer Cocktail Reception at Private Residence on July 15, 2016 in Sagaponack, NY.

    David Solomon's currently celebrating his first week as CEO of Goldman Sachs and his predecessor Lloyd Blankfein has some simple advice that can help any leader. 

  • Sept 19- Goldman Sachs Group Inc named Dan Dees as its new investment-banking co-chief, Bloomberg reported on Wednesday, citing people with knowledge of the matter. Dees will head the bank's most profitable unit along with Gregg Lemkau and Marc Nachmann, according to the report. Goldman announced its biggest management shakeup last week since naming David...

  • Sept 13- Goldman Sachs Group Inc on Thursday announced its biggest management shakeup since naming David Solomon as Chief Executive Officer Lloyd Blankfein's successor. Stephen Scherr will replace Martin Chavez as chief financial officer. Analyst Stephen Biggar of Argus Research was surprised by the announcement, but said Solomon was trying to put...

  • Sept 13- Goldman Sachs Group Inc on Thursday announced its biggest management shakeup since naming David Solomon as Chief Executive Officer Lloyd Blankfein's successor earlier in the year. The bank named Stephen Scherr as its new finance chief, replacing Martin Chavez. Waldron's appointment will be effective Oct. 1 once Solomon takes over, while Scherr will...

  • Sept 13- Goldman Sachs Group Inc on Thursday named Stephen Scherr as its new finance chief, replacing Martin Chavez. The bank also named John Waldron as its president and chief operating officer. Waldron's appointment will be effective Oct. 1 once David Solomon takes over from outgoing Chief Executive Officer Lloyd Blankfein, while Scherr will take over the...

  • David Solomon of Goldman Sachs & Co.

    Incoming CEO David Solomon names Stephen Scherr as chief financial officer. Martin Chavez, a technologist who has been CFO since May 2017, will return to the trading division as one of three co-heads.

  • Jamie Dimon, Chairman and CEO of JP Morgan Chase. 

    Jamie Dimon has led the biggest winner of the post-crisis decade, but is there a convincing succession plan at the US bank? The Financial Times reports. 

  • Occupy Wall Street protestors march down Fifth Avenue towards Union Square during a May Day rally on May 1, 2012 in New York City.

    The effects of the financial crisis still echo in the way we live today — in the attitudes that pervade our economy, our culture and our politics.

  • A visual representation of the digital Cryptocurrency, Bitcoin, is seen on September 04 2018 in Hong Kong, Hong Kong.

    Prices of bitcoin and other major cryptocurrencies plunged following a report on Wednesday that Goldman Sachs was dropping plans to open a trading desk for cryptocurrencies.

  • "At this point, we have not reached a conclusion on the scope of our digital asset offering," Goldman Sachs spokesperson Michael DuVally told Reuters. Bitcoin fell nearly 5 percent to touch five-day low at $6,985 on the Luxembourg- based Bitstamp exchange. In October, Goldman Chief Executive Lloyd Blankfein had tweeted, "Still thinking about Bitcoin.

  • "At this point, we have not reached a conclusion on the scope of our digital asset offering," Goldman Sachs spokesperson Michael DuVally told Reuters. The Wall Street bank was planning to clear bitcoin futures for some clients as the new contracts were going live on exchanges when the cryptocurrency rocketed to a record high of $16,000 in December.

  • David Solomon, Goldman Sachs & Co.

    Jim Esposito will be charged with helping the firm — once Wall Street's most profitable trading house — regain some of its former glory.

  • The S&P 500 and Nasdaq have both posted five consecutive weekly gains, and the Nasdaq has a four-day win streak.

  • David Solomon, Goldman Sachs & Co.

    Jim Esposito will be charged with helping the firm — once Wall Street's most profitable trading house — regain some of its former glory.

  • A man passes in front of a Bitcoin exchange shop in Krakow, Poland.

    Goldman Sachs highlighted “cryptocurrency mania” as one of six factors creating an unsteady undertow affecting markets for the remainder of 2018. 

  • David Solomon, co-president and co-chief operating officer of Goldman Sachs Group Inc., gives a thumbs-up during a discussion at the Goldman Sachs 10,000 Small Businesses Summit in Washington, D.C.,

    The push for openness by Goldman's next CEO embodies a shift that is occurring throughout the Wall Street firm as it plans an aggressive push into new markets.

  • *Adjusted profit $1.25/ shr above $1.11/ shr expected. July 18- Morgan Stanley's top executive criticized the Federal Reserve's annual health checks of the biggest U.S. lenders and predicted changes to the tests going forward after his bank reported better-than-expected quarterly earnings on Wednesday. The tests, set up to prevent a repeat of the 2007-2009...

  • *Fed's Powell cites economic strength, downplays trade risks. NEW YORK, July 17- Wall Street stocks rose on Tuesday, with the Dow Jones Industrial Average posting its fourth consecutive session of gains after Federal Reserve Chairman Jerome Powell expressed an optimistic U.S. economic view and solid earnings bolstered the outlook for a robust reporting...