Latest Goldman Sachs News: Finextra Research

Is Goldman Sachs ready to pull the rug on Marcus?

Goldman Sachs appears ready to ditch its ambitions to create a mass-market digital bank, as mounting losses at Marcus force the mighty investment bank into a retreat.

10 October 2022

/regulation

Morgan Stanley, Goldman Sachs, among banks fined $1.1 billion by SEC

16 of Wall Street’s largest financial institutions been charged to pay a combined $1.1 billion to US regulators for not monitoring unauthorised employee messaging, announced the Securities and Exchange Commission (SEC) on Tuesday.

28 September 2022

/markets

Wall Street giants join $60m AccessFintech funding round

Capital markets specialist AccessFintech has closed a $60 million Series C funding round led by WestCap and joined by a host of big banks, including BNY Mellon and Bank of America.

22 September 2022

/payments

Goldman Sachs expands Transaction Banking to Europe

Goldman Sachs is opening its API-based Transaction Banking (TxB) platform to corporates in the European Union.

21 September 2022

/payments

Goldman Sachs partners Modern Treasury to push embedded payments

Goldman Sachs is joining forces with fintech Modern Treasury to bring embedded payments to corporate customers.

15 September 2022

/regulation

Banks to pay $1bn over traders' use of WhatsApp

A handful of Wall Street banks are preparing to pay up to $200m each to settle a case with the Securities and Exchanges Commission (SEC) and the Commodity Futures Trading Commission (CFTC) over the use of WhatsApp messages.

22 August 2022

/regulation

Goldman Sachs’s credit card division under investigation by CFPB

Goldman Sachs’ credit cards unit undergoing investigation by the Consumer Financial Protection Bureau (CFPB).

05 August 2022

/people

Goldman Sachs hires Google's Jared Cohen for new innovation unit

Goldman Sachs has hired senior Google executive Jared Cohen to co-lead a new applied innovation office.

12 July 2022

/people

Flutterwave names Goldman Sachs MD Gurbhej Dhillon CTO

African payments technology unicorn Flutterwave has appointment former Goldman Sachs managing director Gurbhej Dhillon as chief technology officer.

01 July 2022

/retail

Loss-making neobanks look on with envy as incumbents splurge cash in digital arms race

In the week that saw Australian neobank Volt became the latest challenger to feel the effects of a tough funding environment, it has emerged that Wall Street giant Goldman Sachs is absorbing more than $1.2 billion in losses this year to back its move into the digital consumer market.

30 June 2022

/retail

Money 20/20 EU: Take caution with hyper-expansion

Hyper-personalisation is receiving significant attention from financial services at present. Yet expansion into new niches which businesses haven’t fully understood poses new risks, and, as explored by Money 20/20 Europe’s panel session, ‘Hyper-personalisation in a data-driven world', this can have severe impacts across an entire business model.

10 June 2022

/crypto

Barclays and Goldman Sachs invest in digital asset platform Elwood

Barclays and Goldman Sachs have joined in a $70 million funding round in Elwood Technologies, the intsitutional-grade digital asset platform founded by British hedge fund billionaire Alan Howard.

16 May 2022

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