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Goldman Sachs Group Inc (GS)

GS on New York Consolidated

160.40USD
26 Jul 2016
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$-0.11 (-0.07%)
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Latest Key Developments (Source: Significant Developments)

Goldman Sachs says notified appropriate regulators on NY Fed leak
Monday, 25 Jul 2016 05:40pm EDT 

Goldman Sachs On New York Fed Leak: "employee and a more senior employee who failed to escalate the issue, were terminated " . On discovering new junior employee obtained confidential information from ex employer,began investigation,notified appropriate regulators (Bengaluru Newsroom: +1-646-223-8780).  Full Article

U.S. Fed prepares new action against Goldman Sachs in leak case- NYT
Monday, 25 Jul 2016 04:41pm EDT 

: U.S. Fed prepares new action against Goldman Sachs in leak case- NYT, citing sources . Goldman Sachs is expected to pay a financial penalty to settle the case- NYT, citing sources Source (http://nyti.ms/2aGbSCa) (Bengaluru Newsroom: +1-646-223-8780).  Full Article

Goldman Sachs reports Q2 EPS of $3.72
Tuesday, 19 Jul 2016 07:47am EDT 

Goldman Sachs Group Inc : Goldman Sachs Says Goldman Sachs Reports Second Quarter Earnings Per Common Share Of $3.72 . Goldman Sachs Says Net Revenues In Investment Management Were $1.35 Billion For The Second Quarter Of 2016, 18% Lower Than The Second Quarter Of 2015 . Q2 Net Revenues $7.93 Billion Versus $9.07 Billion Last Year . Goldman Sachs Group Inc Common Equity Tier 1 Ratio (Basel III Advanced) Was 12.2 Percent As Of June 30 Versus 12.2 Percent As Of March 31 . Net Revenues In Equities Were $1.75 Billion For The Second Quarter Of 2016, 12% Lower . Goldman Sachs Says Total Staff Decreased 5% During The Second Quarter Of 2016 . Ratio Of Compensation And Benefits To Net Revenues For The First Half Of 2016 Was 42.0%, Unchanged Compared With The First Half Of 2015 . Net Revenues In Fixed Income, Currency And Commodities Client Execution Were $1.93 Billion For The Second Quarter Of 2016, 20% Higher . Goldman Sachs Group Inc Common Equity Tier 1 Ratio (Standardized) Was 13.7 Percent As Of June 30 Versus 13.4 Percent As Of March 31 . Annualized Return On Average Common Shareholders’ Equity Was 8.7% For The Second Quarter Of 2016 Versus 4.8 Percent Last Year . Non-Compensation Expenses Were $2.14 Billion For The Second Quarter Of 2016, 40% Lower Than The Second Quarter Of 2015 . Operating Expenses Were $5.47 Billion For The Second Quarter Of 2016, 26% Lower Than The Second Quarter Of 2015.  Full Article

Goldman Sachs says federal reserve board did not object to its 2016 capital plan
Wednesday, 29 Jun 2016 05:35pm EDT 

Goldman Sachs Group Inc: Goldman Sachs says federal reserve board did not object to its 2016 capital plan . Goldman Sachs says 2016 capital plan includes repurchase of outstanding common stock, an increase to its quarterly common stock dividend .Goldman Sachs says 2016 capital plan also includes possible issuance and redemption of other capital securities.  Full Article

Salesforce also made a bid for LinkedIn, CEO Benioff confirms- Recode
Thursday, 16 Jun 2016 11:01pm EDT 

: Salesforce also made a bid for LinkedIn, CEO Benioff confirms- Recode . Goldman Sachs was the banker Salesforce used for the bid- Recode, citing Salesforce CEO . Salesforce was primarily interested in LinkedIn's recruiting business- Recode, citing sources . LinkedIn was already deep into negotiations with Microsoft when Salesforce made its approach - Recode, citing sources Source (http://on.recode.net/1YvsPmL) (Bengaluru Newsroom) (((+91 80 6749-1130; within U.S. +1 646 223 8780);)).  Full Article

Philip Green says Olswang, Grant Thornton gave Chappell's BHS bid credibility
Wednesday, 15 Jun 2016 09:02am EDT 

: Philip green says lawyers Olswang, adviser Grant Thornton gave Dominic Chappell's BHS bid credibility . Philip Green says if Chappell had followed BHS business plan agreed at sale it would not have failed . Philip Green says would not have dealt with Dominic Chappell if Goldman Sachs had not approved him. For more see: [nL8N1971CP] (London Newsroom) ((UK.online@Reuters.com; +44 (0)20 7542 7717;)).  Full Article

Fitch affirms Goldman Sachs' long-term IDR at 'A'
Tuesday, 14 Jun 2016 04:30pm EDT 

Fitch:Fitch affirms Goldman Sachs' long-term IDR at 'A'; outlook stable.  Full Article

Affiliated Managers Group to invest in leading alternative firms
Monday, 6 Jun 2016 06:58am EDT 

Affiliated Managers Group Inc : AMG announces agreement to invest in leading alternative firms . AMG will acquire interests in firms from Petershill Fund I for approximately $800 million in total consideration . Will acquire interests in firms from Petershill Fund I in cash at closing, funded up to 50% in equity . Upon closing, AMG's assets under management expected to increase by $55 billion to nearly $700 billion (pro forma as of march 31, 2016) . Reached definitive agreement with Petershill Fund I to acquire Petershill Fund I's minority equity interests in five alternative investment firms . AMG expects that transaction will increase economic earnings per share by $0.50 to $0.80 in 2017 . On closing senior management at each of firms will continue to hold unchanged majority of equity in each respective business . Reached agreement with Petershill Fund I, a group of investment vehicles managed by Goldman Sachs Asset Management L.P. . AMG's investment in interests representing about half of total transaction value is expected to close during q3 of 2016 .Balance of AMG's investment expected to close by year-end 2016.  Full Article

Goldman Sachs said to cut dozens of investment banking jobs - Bloomberg
Wednesday, 1 Jun 2016 08:00am EDT 

: Goldman Sachs said to cut dozens of investment banking jobs - Bloomberg citing sources .Job cuts in London,NY, Hong Kong and are in addition to bank's annual 5 percent cull of employees deemed underperformers - Bloomberg citing sources.  Full Article

Intesa Sanpaolo sells 2.6 bln euro performing consumer loans
Friday, 20 May 2016 10:01am EDT 

Intesa Sanpaolo says: Has agreed to sell two portfolios of performing consumer loans with overall value of 2.6 billion euros . Sale to be carried out at prices in line with book values . Consumer loans will be sold to two separate securitisation vehicles outside the Intesa Sanpaolo group . Christofferson Robb & Company will buy the junior tranches of asset-backed notes issued by the vehicles to fund the purchase . Pool of banks comprising Banca IMI, Citigroup, Goldman Sachs and JPMorgan will buy senior and mezzanine tranches of ABS notes Further company coverage: [ISP.MI] (Reporting by Milan Newsroom).  Full Article

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Exclusive: Teva, Mylan eye Pfizer's Brazil venture, sources say

SAO PAULO Teva Pharmaceutical Industries Ltd and Mylan NV have shown preliminary interest in a Brazilian generic drugmaking joint-venture in which Pfizer Inc has a 40 percent stake, two people familiar with the process said.