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Goldman Sachs Group Inc (GS)

GS on New York Consolidated

223.83USD
24 May 2017
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Latest Key Developments (Source: Significant Developments)

HSBC appoints Mark Tucker to succeed Douglas Flint as group chairman
Sunday, 12 Mar 2017 06:23pm EDT 

HSBC Holdings-<0005.HK> : HSBC appoints Mark Tucker to succeed Douglas Flint as group chairman . Tucker, will take over responsibility for leading process of identifying a successor to current group CEO, Stuart Gulliver . Process of identifying a successor "expected to conclude during 2018 in order to meet Stuart Gulliver's expressed desire to retire in that timeframe" .Upon appointment, Mark Tucker will be independent and will be stepping down from boards of AIA and Goldman Sachs.  Full Article

AIA Group's Chief Executive Mark tucker to retire
Sunday, 12 Mar 2017 06:14pm EDT 

AIA Group Ltd <1299.HK> : Mark Tucker to Retire as AIA Group Chief Executive to be succeeded by Ng Keng Hooi from 1 September 2017 . Mark Tucker takes up role of non-executive chairman of HSBC Holdings Plc .Ng Keng Hooi will succeed Tucker as group chief executive and president.  Full Article

Goldman Sachs provides update on top end of legal loss estimate at Dec-end
Monday, 27 Feb 2017 06:14am EST 

Goldman Sachs Group Inc : Goldman Sachs - estimates upper end of reasonably possible aggregate legal loss of about $$1.8 billion in excess of aggregate reserves as of December-end .Goldman Sachs- had estimated upper end of reasonably possible aggregate legal loss of about $1.7 billion in excess of aggregate reserves as of september-end.  Full Article

Goldman Sachs executive Toby Watson who was involved in bank's dealings during 1mbd has left the firm- WSJ
Friday, 24 Feb 2017 10:40am EST 

: Goldman Sachs executive Toby Watson who was involved in bank's dealings during 1mbd has left the firm- WSJ, citing sources Source: http://on.wsj.com/2mftaPf ((bangalore.newsroom@thomsonreuters.com ;)).  Full Article

Goldman Sachs near a deal to sell a South Korean industrial gases business for around $1.8 bln- WSJ, citing sources
Thursday, 16 Feb 2017 05:51am EST 

: Goldman sachs group is near a deal to sell a South Korean industrial gases business for around $1.8 billion- WSJ, citing sources .A consortium led by MBK Partners to buy all of Daesung Industrial Gases co - WSJ, citing sources.  Full Article

U.S. banks' payout ratios may rise as regulation eases: Morgan Stanley
Monday, 6 Feb 2017 12:30am EST 

U.S. BANKS: Morgan Stanley says Trump's executive order to roll back dodd frank signals intent that regulatory pressure should ease for banks . Morgan Stanley says significant change on enforcement of regulations can come from new agency heads who are likely to be appointed over next 18 mths . Morgan Stanley expects divs to grow by 8% yoy, gross buybacks by 40% yoy during 2017 ccar period on easier stress test, less uncertainty on regulation (Bangalore.newsroom@thomsonreuters.com).  Full Article

Goldman Sachs says Sarah Smith to become global head of compliance
Friday, 20 Jan 2017 04:38pm EST 

Goldman Sachs Group Inc : Goldman Sachs Group - effective as of March 1, Sarah Smith, current controller, chief accounting officer will become EVP and global head of compliance . Goldman Sachs Group - effective as of March 1, 2017, Brian J. Lee, will become controller and chief accounting officer - SEC filing .Goldman Sachs Group - Alan M. Cohen, currently executive vice president and global head of compliance of registrant, will step down from that position.  Full Article

Jupiter Investment buys 5.3 pct stake in Jico
Thursday, 19 Jan 2017 04:10am EST 

Jico Co Ltd <010580.KS> :Says Jupiter Investment Co Ltd has acquired 2.4 million shares of the co, and is holding 5.3 percent stake in the co, from 0 percent stake.  Full Article

Goldman Sachs halving workforce in london to about 3,000 - Handelsblatt
Wednesday, 18 Jan 2017 09:20pm EST 

Goldman Sachs Group Inc : Goldman Sachs halving its workforce in london to about 3,000 employees, re-organizing operations in Frankfurt- Handelsblatt Further company coverage: [GS.N] ((Bangalore.newsroom@thomsonreuters.com; ;)).  Full Article

Goldman Sachs reports Q4 earnings of $5.08 per share
Wednesday, 18 Jan 2017 07:49am EST 

Goldman Sachs Group Inc : Fourth quarter earnings per common share were $5.08 . Q4 annualized ROE was 11.4 percent versus 11.2 percent in Q3 and 3 percent year ago . Book value per common share increased by 6.7% during the year to $182.47 . Operating expenses were $20.30 billion for 2016, 19% lower than 2015 . Fourth quarter net revenues were $8.17 billion . Net revenues in investment banking were $1.49 billion for the fourth quarter of 2016, 4% lower than last year . Net revenues in fixed income, currency and commodities client execution were $2.00 billion for Q4 2016, 78% higher . Q4 earnings per share view $4.82, revenue view $7.72 billion -- Thomson Reuters I/B/E/S . Ratio of compensation and benefits to net revenues for 2016 was 38.1% compared with 37.5% for 2015 . Q4 net revenues in equities were $1.59 billion, 9% lower than the fourth quarter of 2015 . "After a challenging first half, the firm performed well for the remainder of the year as the operating environment improved" . Basel III advanced common equity tier 1 ratio was 13.1% as of December 31, 2016, compared with 12.4% as of Sept 30, 2016 .Non-compensation expenses were $2.33 billion for the fourth quarter of 2016, 44% lower than the fourth quarter of 2015.  Full Article

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Trump's proposed U.S. oil reserve sale not an issue for OPEC: Goldman Sachs

President Donald Trump's proposal to sell half of the U.S. Strategic Petroleum Reserves (SPR) will likely have little impact on OPEC's efforts to reduce a global oil glut, Goldman Sachs said on Tuesday.