The Latest Breaking News from Goldman Sachs

Wall Street investment banking giant Goldman Sachs Group Inc (NYSE: GS) has reportedly offered its first Bitcoin (CRYPTO: BTC) backed loan.

From March 2020 through its collapse in March 2021, Archegos Capital Management, headed by Sung Kook (Bill) Hwang and partners, entered into a manipulative scheme that increased Archego’s bottom line from around $4 billion to $36 billion, according to a SEC lawsui

CNBC Ford Motor Slashes 580 Jobs, Mainly In Engineering

Americana Group appointed Goldman Sachs, First Abu Dhabi Bank (FAB) and SNB Capital to manage its initial public offering (IPO) that could take place as soon as possible this year, Bloomberg reported, citing sources familiar with the matter. The group also picked Rothschild & Co. as the financial advisor for…

Pre-open movers

Wall Street banking giant Goldman Sachs Group Inc (NYSE: GS) is looking into tokenizing real-world assets.

 

Some Wall Street banks slashed their profit estimates for Chinese companies, citing the recent Covid resurgence and subsequent lockdowns, Bloomberg reports. China's Covid Zero policy has dealt a heavy blow to the economy, as stringent restrictions pressure supply chains and chill consumption.  A week-long lockdown that shut down much of Shanghai…

Goldman Sachs Group Inc's (NYSE:GS) short percent of float has risen 6.0% since its last report. The company recently reported that it has 5.40 million shares sold short, which is 1.59% of all regular shares that are available for trading.

Verizon Communications, Inc (NYSE: VZ) slid more than 4% lower on Monday after Goldman Sachs downgraded the stock from Buy to Neutral.

Someone with a lot of money to spend has taken a bearish stance on Goldman Sachs Group (NYSE:GS). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.