Tag Archives: Goldman

Your Daily Dose of Financial News

BY: Michael D. Reif | September 14, 2018

Incoming Goldman CEO David Solomon has chosen his top deputies, settling on investment banking vets John Waldron (49) and Stephen Scherr (54) as his president/COO and CFO, respectively, and signaling the firm’s shift away from trading – NYTimes and WSJ and Bloomberg The Fed is all but sure to raise short-term interest rates later this … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | July 17, 2018

Yesterday, federal officials unveiled an ongoing EEOC investigation into whether Uber “discriminated against women in hiring and pay” that began last August. The news extends Uber’s streak of investigations and brutal PR well over 18 months – NYTimes and WSJ FCC Chair Ajit Pai has generally been considered a friend to business during his tenure … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 12, 2018

The Journal dropped something of a bomb on Friday with news that Goldman Sachs’ CEO Lloyd Blankfein is heading out the door as soon as the end of the year.  If true, Goldman will likely look for his replacement within its succession plan—that is, with either Harvey Schwartz or David Solomon (current co-presidents) assuming the … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 27, 2017

Back at it after the Thanksgiving holiday.  Hope everyone had a nice break.  Let’s get caught up . . . Time Inc. announced yesterday that it’s sold itself as part of a roughly $3 billion all-cash transaction to Meredith Corporation. Meredith, which publishes Family Circle and Better Homes and Gardens, among other glossies, is being … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 24, 2017

A federal jury in Brooklyn has found former HSBC Holdings exec Mark Johnson guilty on 9 counts of front-running that grew out of the DOJ’s investigation into forex manipulation at HSBC – WSJ and Law360 and Bloomberg John Flannery’s recent cuts at GE haven’t been just about a new CEO putting his stamp on the … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 31, 2017

Uber’s done with former Waymoer Anthony Levandowski, the man at the center of a dispute between the two giants over allegedly purloined technology – NYTimes and WSJ and Bloomberg Goldman Sachs’ recent purchase of $2.8 billion in Venezuelan bonds has been kicking around the headlines for a few days now.  Here’s what’s at stake for … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 2, 2017

Investors’ decreasing appetite for actively managed mutual funds appears to have helped drive the major shake-up at AllianceBernstein Holding, which said so long to CEO Peter Kraus and removed nine board members in favor of 6 new ones – NYTimes and WSJ Mutual funds aren’t alone, either.  Hedge funds have seen investors pull money in … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 19, 2017

A disappointing Q1 for Goldman Sachs shows why its fledgling online banking outfit can’t explode fast enough – NYTimes Its traders, in particular, took it on the chin the past few months – WSJ China’s infamous shadow banking industry—an $8.5 trillion marketplace that’s sprung up in reaction to the government’s “campaign against financial leverage”—is back … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 17, 2016

The saga of Theranos whistleblower Tyler Shultz, grandson of former Secretary of State (and Theranos director) George Shultz, who faced threats, a familial rift, and a boat-load of legal fees as he tried to expose Theranos’ fraudulent ways – WSJ Goldman Sachs isn’t just opening its doors to the masses with its new consumer lending … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | August 4, 2016

As foreshadowed a few weeks ago, the Bank of England has cut its main interest rate to an historically low .25 percent in an effort to address the impact of June’s Brexit vote. The BOE will start bond buying in September – NYTimes and WSJ and Bloomberg Bill Ackman’s Pershing Square is looking to turn … Continue reading