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The Latest Breaking News from Goldman Sachs

"Liar Rep.-Elect George Santos Admits Fabricating Key Details of His Bio"

The New York Post (Victor Nava & Carl Campanile) reports: "My sins here are embellishing my resume. I'm sorry," Santos said Monday. Santos confessed he had "never worked directly" for Goldman Sachs and Citigroup, chalking that fib up to a "poor choice of words." The 34-year-old now claims instead that…

Reason

Newly elected Republican admits to lying about his background but insists he won’t step down

Santos won Long Island’s Nassau County seat in midterm elections

The Independent UK

Crooks pose as Goldman Sachs bankers on WhatsApp to promote dodgy crypto schemes

Brits have lost more than £600 million to fraud in the first half of 2022 alone

Evening Standard

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Republican congressman George Santos reportedly fabricated parts of résumé

The incoming congressman’s biography is now being re-examined as opponent claims Santos was ‘running a scam against the voters’

The Guardian - US

New York GOP leader calls accusation of faked bio for new GOP House member 'serious'

Rep.-elect George Santos won a House seat on Long Island in November but now much of his biography and resume appear to have been invented.

WEKU

The murky details in one congressman-elect's campaign biography

A new report raises serious questions about Rep.-elect George Santos' résumé.

Axios

Goldman Sachs may lay off up to 4,000 people

Goldman Sachs Group Inc may eliminate as many as 4,000 jobs, or roughly 8% of the workforce, as chief executive officer David Solomon battles to contain a slump in profit and revenue.

The Times of India

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Goldman Sachs weighs 40% cut on investment banker bonuses

As Wall Street goes from feast to famine, Goldman Sachs is reportedly weighing the largest cuts to banker bonuses since the 2008 financial crisis

Fortune

Goldman Sachs bankers brace for hefty cut to bonuses

Bonus pool could be slashed by up to 40%, in possibly the lender’s largest cut to payouts since the financial crisis

The Guardian - UK

The market outlook for 2023 is uncertain. Here’s why Goldman Sachs thinks you should stay invested

Goldman Sachs think the U.S. will avoid a deep recession in 2023. Here are the just-in-case strategies they recommend to protect your investments.

Fortune

US banks named as being among least ethical UK operators

A new study scores the best and the worst accounts based on key issues such as climate and tax avoidance

The Guardian - UK

In 2022 workers won the return-to-office battle with their bosses

A year-in-review of the hybrid work wars.

Fortune

Goldman Sachs and the return of ‘Blockchain not Bitcoin’

Goldman Sachs CEO says Wall Street knows best when it comes to blockchain innovations.

Fortune

Goldman Sachs CEO David Solomon is mulling staff cuts and has rolled out a massive reorganization. Here’s who is gaining power—and who is losing it

Goldman is slated to implement its latest reorganization later this month. That means major winners and losers inside the storied Wall Street firm’s ranks.

Fortune

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Fortune

Bank of America chief doesn’t see the point of layoffs—let natural attrition do the trick

Many of Bank of America’s peers at Goldman Sachs and Morgan Stanley have already started culling their employees as dealmaking dries up.

Fortune

A 20% home price crash? These 7 forecast models can see it—where the other 13 leading models have the 2023 housing market going

Where 20 leading forecasters foresee home prices going in 2023.

Fortune

Goldman Sachs CEO says clients are shifting away from supply chain resiliency to keeping headcount down, but 'I'm not hearing panic'

Big banks weigh in on inflation, a pending recession, and consumer spending.

Asharq Al-Awsat

Asian Equities, Oil Prices Dragged by Recession Fears

Asian investors extended a sell-off across global markets Wednesday while oil held losses on growing fears Federal Reserve monetary tightening will tip the US economy into recession. The drop followed another day deep in the red for New York's three main indexes after the heads of Wall Street's leading banks…

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news in one place.

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Fortune

China may reopen soon—but 'millions' of new COVID cases will disrupt its economic recovery

Analysts are warning of a "bumpy," "zigzagging" recovery since China's COVID cases and deaths will likely spike.

Fortune

A top Wall Street strategist thinks the December rally is finished

Wall Street’s top strategist and biggest bear Mike Wilson thinks the December rally is over and is back to selling again.

The Times of India

Investors want more of India, says Goldman Sach’s Sengupta

NEW DELHI: Foreign investors are showing increased interest in India, as Asia’s third-largest economy ramps up its manufacturing capacity and improves infrastructure, said Santanu Sengupta, chief India economist at Goldman Sachs Group Inc.

StockNews.com

3 Stocks You Should Put More Money Into Before the End of the Year

The Fed will likely slow down its aggressive monetary policy as inflation shows signs of cooling down. Moreover, analysts at Goldman Sachs believe that there is a possibility of a ‘soft landing’ next year. Therefore, investors should consider increasing their investments in fundamentally sound stocks, AT&T (T), Acuity Brands (AYI),…

Fortune

The return-to-office war may finally be reaching a compromise

Employers and employees are inching closer to a hybrid work schedule that they're both happy with.

The Times of India

Why slower growth may be good for India

India’s annual economic growth is forecast to slow to about 6% for a few years, according to economists including from Goldman Sachs Group and Barclays.. And they say that’s not such a bad thing.

Fortune

Amid protests over lockdowns, Goldman Sachs warns that China's COVID-zero exit may be ‘forced and disorderly’

“The central government may soon need to choose between more lockdowns and more COVID outbreaks,” Goldman Sachs wrote on Sunday.

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