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Goldman Sachs Group Inc (GS)

GS on New York Consolidated

238.04USD
21 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Goldman Sachs enters into arrangement with Bloomberg Tradebook
Monday, 20 Nov 2017 09:19am EST 

Nov 20 (Reuters) - Goldman Sachs Group Inc :Goldman Sachs - has entered exclusive arrangement with Bloomberg Tradebook.Goldman Sachs - under arrangement, co will offer equities execution services to Bloomberg Tradebook’S customers‍​.  Full Article

Goldman Sachs to advise Jabal Omar on merger with Umm Al-Qura
Sunday, 19 Nov 2017 07:11am EST 

Nov 19 (Reuters) - JABAL OMAR DEVELOPMENT CO <4250.SE>::APPOINTS GOLDMAN SACHS SAUDI ARABIA AS FINANCIAL ADIVISER TO STUDY POTENTIAL MERGER WITH UMM AL-QURA DEVELOPMENT AND CONSTRUCTION‍​.  Full Article

Goldman wins dismissal of Primus Pacific lawsuit
Friday, 17 Nov 2017 04:24pm EST 

Nov 17 (Reuters) - Goldman sachs wins dismissal of lawsuit in u.s. By primus pacific partners over bank's ties to malaysia prime minister -- court ruling:.  Full Article

Goldman Sachs Group to invest about 100 bln yen in Japan in next two years - Nikkei ‍​
Tuesday, 7 Nov 2017 04:09pm EST 

Nov 8 (Reuters) - Nikkei: :Goldman Sachs Group to invest about 100 billion yen in Japan in next two years, using internal and external funds - Nikkei‍​.Goldman Sachs Group to invest 2 billion yen in Sansan, a business-card management services business - Nikkei.  Full Article

Danske Bank sells portfolio of Irish mortgage loans to Goldman Sachs fund
Wednesday, 25 Oct 2017 07:57am EDT 

Oct 25 (Reuters) - DANSKE BANK'S IRISH UNIT SAYS :CONFIRMS IT HAS ENTERED INTO A BINDING CONTRACT FOR THE SALE OF A PORTFOLIO OF PERFORMING IRISH MORTGAGE LOANS TO PROTEUS FUNDING DAC, AN ENTITY FINANCED BY GOLDMAN SACHS <<>>.THE SALE PRICE IS UNDISCLOSED.CUSTOMER AGREEMENTS ARE UNAFFECTED BY THE TRANSFER.THE CENTRAL BANK OF IRELAND HAS BEEN ADVISED OF THE TRANSACTION.  Full Article

Cabot Credit Management announces intention to float on LSE
Friday, 20 Oct 2017 05:30am EDT 

Oct 20 (Reuters) - Cabot Credit Management Ltd :INTENTION TO FLOAT.‍TODAY ANNOUNCES ITS INTENTION TO PROCEED WITH AN INITIAL PUBLIC OFFERING​.‍INTENDS TO APPLY FOR ADMISSION OF ITS ORDINARY SHARES TO PREMIUM LISTING SEGMENT OF OFFICIAL LIST OF FINANCIAL CONDUCT AUTHORITY​.‍OFFER WILL COMPRISE AN OFFER OF SHARES TO INSTITUTIONAL INVESTORS​.‍OFFER IS EXPECTED TO RAISE GROSS PRIMARY PROCEEDS TO COMPANY OF APPROXIMATELY £195 MILLION​.‍ADMISSION IS EXPECTED TO TAKE PLACE IN NOVEMBER 2017​.‍GOLDMAN SACHS AND MORGAN STANLEY & CO. ARE ACTING AS JOINT GLOBAL CO- ORDINATORS, JOINT BOOKRUNNERS AND JOINT SPONSORS​.‍JEFFERIES INTERNATIONAL AND NUMIS SECURITIES ACTING AS JOINT BOOKRUNNERS AND LAZARD & CO., IS ACTING AS FINANCIAL ADVISER.  Full Article

Goldman Sachs redeems outstanding depositary shares
Wednesday, 18 Oct 2017 06:37pm EDT 

Oct 18 (Reuters) - Goldman Sachs Group Inc : :Goldman Sachs announces redemption of all outstanding depositary shares representing interest in its 5.95% non-cumulative preferred stock, Series I.Goldman Sachs-depositary shares will be redeemed for $25 per depositary share plus any dividends that have accrued but not been paid.Goldman Sachs-with redemption of Series I preferred stock, the bank of New York Mellon will redeem depositary shares on the redemption date.  Full Article

Goldman Sachs announces launch of proposed public offering
Wednesday, 18 Oct 2017 07:45am EDT 

Oct 18 (Reuters) - Goldman Sachs ::Goldman Sachs - ‍on October 18, co announced launch of a proposed public offering of depositary shares - SEC filing​.Says offering ‍of depositary shares​ is subject to pricing, which has not yet occurred​.Goldman Sachs - ‍each depositary share represents 1/25(th)interest in share of co's new series of fixed-to-floating rate non-cumulative preferred stock, series P​.Goldman Sachs - intends to use proceeds from offering to redeem 5.95% non-cumulative preferred stock, series I, $25,000 liquidation preference/share​.  Full Article

Goldman Sachs reports Q3 earnings per common share of $5.02
Tuesday, 17 Oct 2017 07:46am EDT 

Oct 17 (Reuters) - Goldman Sachs Group Inc ::Goldman Sachs reports third quarter earnings per common share of $5.02.Quarterly net revenue $8.33 billion versus $8.17 billion.Says net revenues in Institutional Client Services were $3.12 billion for the third quarter of 2017, 17 percent lower.Q3 earnings per share view $4.17, revenue view $7.54 billion -- Thomson Reuters I/B/E/S.Quarterly annualized ROE was 10.9 percent versus 11.2 percent.Quarterly book value per common share increased by 1.8 percent during the quarter and 4.5 percent during the year-to date to $190.73‍​.Says net revenues in Fixed Income, Currency and Commodities Client Execution were $1.45 billion for the third quarter of 2017, 26 percent lower.Says net revenues in Investment Banking were $1.80 billion for the third quarter of 2017, 17 percent higher than the third quarter of 2016.Quarterly net revenues in Equities $1.67 billion, 7 percent lower than last year.Says operating expenses were $5.35 billion for third quarter of 2017, essentially unchanged compared with third quarter of 2016‍​.Says non-compensation expenses were $2.18 billion for the third quarter of 2017, 4 percent higher than the third quarter of 2016.Goldman Sachs' Blankfein says ‍​overall performance this year has been solid.  Full Article

Goldman plans acquisition of mortgage-lender Genesis Capital - WSJ‍​
Thursday, 12 Oct 2017 12:43pm EDT 

Oct 12 (Reuters) - :Goldman plans acquisition of mortgage-lender Genesis Capital, purchase could be announced this week - WSJ, citing sources‍​.  Full Article

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China widens foreign access to its giant financial sector

(This story corrects paragraph 26 designation of Keith Pogson in November 10 story.)