Archives

June 1, 2022 @ 9:27 am By JD Alois  |  

FTX, a fast-growing crypto exchange serving both the US and global markets, is in talks with Goldman Sachs (NYSE:GS) in regards to crypto derivatives. While Goldman has been hesitant in the past to move into crypto demand from its customers continues to push the investment… Read More

May 9, 2022 @ 5:26 pm By JD Alois  |  

SPACs, once red hot topping the traditional IPO market, have dimmed in recent months as the Securities and Exchange Commission has proposed new rules that may make the financing vehicle less viable. Today, the most prominent investment bank in the US, Goldman Sachs (NYSE:GS), has… Read More

April 19, 2022 @ 10:40 am By JD Alois  |  

Goldman Sachs (NYSE:GS), the words most prominent investment bank and aspiring global Fintech, announced Q1 earnings today that topped estimates. Goldman reported net revenues of $12.93 billion and earnings of $3.94 billion or an EPS of $10.76. Estimates had pegged EPS at $8.89. During the… Read More

March 30, 2022 @ 4:14 pm By JD Alois  |  

A report from earlier today should come as no surprise as it is being predicted that Apple (NASDAQ:APPL) will move deeper into digital financial services or Fintech. According to Bloomberg, a person with knowledge of the matter said that Apple is building its own payments… Read More

March 21, 2022 @ 10:32 am By JD Alois  |  

Galaxy Digital Holdings Ltd. (TSX: GLXY) has facilitated Goldman Sachs‘ (NYSE:GS) first over-the-counter crypto trade, according to Galaxy. The specific trade was for a “Bitcoin non-deliverable option”. Galaxy claims this is the first OTC transaction by a major US bank. Damien Vanderwilt, Co-President, and Head… Read More

March 10, 2022 @ 11:08 am By JD Alois  |  

Goldman Sachs (NYSE:GS), the most prominent investment bank in the world, will exit the Russian market due to the unprovoked war with Ukraine, according to multiple reports. Goldman Sachs has had a presence in Russia since 1998. On the bank’s Russia page it notes that… Read More

March 3, 2022 @ 8:25 am By Omar Faridi  |  

Goldman Sachs (NYSE: GS) is reportedly moving forward with its embedded finance plans. The investment bank’s collaboration with General Motors (GM) (NYSE: GM). This is the most recent step taken to capitalize on this growing Fintech trend. Goldman Sachs had taken over issuing the General… Read More

October 19, 2021 @ 12:00 pm By JD Alois  |  

Buy now, pay later (BNPL) is a red hot sector of Fintech. Combine this with banking as a service (BaaS) and you see two dominant trends in the transition from legacy banks to Fintech everywhere with embedded services and on-demand finance. Research and Markets predicts… Read More

October 15, 2021 @ 9:42 am By JD Alois  |  

Goldman Sachs (NYSE:GS) a global investment bank and fast-growing Fintech firm, has reported Q3 financial results and business is good. According to Goldman, during the first nine months of 2021, the company generated net revenues of $46.70 billion along with net earnings of $17.70 billion… Read More

July 27, 2021 @ 7:34 am By Omar Faridi  |  

Giant Wall Street investment bank Goldman Sachs (NYSE:GS) has reportedly submitted an application with the US Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) that could provide exposure decentralized finance (DeFi) and blockchain initiatives to public firms. Although there are not too many… Read More

July 13, 2021 @ 8:16 am By JD Alois  |  

Goldman Sachs (NYSE:GS) has posted Q2 earnings that have topped expectations. Goldman CEO and Chairman David M. Solomon issued the following statement: “Our second-quarter performance and record revenues for the first half of the year demonstrate the strength of our client franchise and our continued… Read More

May 11, 2021 @ 2:47 pm By JD Alois  |  

This is a sign of the times, I guess. According to a report, a Managing Director at Goldman Sachs (NYSE:GS) has exited the vaunted investment bank after making big money in Dogecoin. Beginning in 2021, Dogecoin traded as less than a penny per coin. Jump… Read More

May 6, 2021 @ 4:02 pm By JD Alois  |  

Goldman Sachs (NYSE:GS) has invested in Coin Metrics – a crypto-asset data and risk analysis firm. The $15 million Series B was led by Goldman along with the participation of previous investors Castle Island Ventures, Highland Capital Partners, Fidelity Investments, Avon Ventures, Communitas Capital, and… Read More

May 2, 2021 @ 2:17 pm By Omar Faridi  |  

Giant Wall Street investment bank Goldman Sachs (NYSE:GS) has revealed that it’s made a major quantum computing breakthrough. Goldman said that it’s working on computer algorithms that may be used on hardware that could be available within the next 5 years. Goldman Sachs has reportedly… Read More

April 14, 2021 @ 8:28 am By JD Alois  |  

Goldman Sachs (NYSE:GS) released Q1 earnings results this morning and the prominent investment bank delivered a beat on both top and bottom line. According to the release, Goldman’s revenue came in at $17.7 billion with net earnings at $6.84 billion or EPS of $18.6 during… Read More

April 13, 2021 @ 11:47 pm By JD Alois  |  

In a significant endorsement of the city, Goldman Sachs (NYSE:GS) has opened an office in Birmingham, UK – a community that has been promoting itself as an alternative to super pricey London. Goldman Sachs stated that Birmingham offers access to a deep talent pool, excellent… Read More

March 31, 2021 @ 8:33 am By JD Alois  |  

Goldman Sachs (NYSE:GS) is expected to soon allow investing in digital assets according to a report by CNBC. The report mentions Mary Rich, Global Head of Digital Assets at Goldman Sachs, as stating the bank will offer a “full-spectrum” of digital assets including Bitcoin, other… Read More

March 24, 2021 @ 12:26 am By JD Alois  |  

The New York State Department of Financial Services (DFS) has determined that Apple (NASDAQ:AAPL) and underwriter Goldman Sachs (NYSE:GS) did not violate fair lending laws in regards to complaints pertaining to the Apple Card. In late 2019, Twitter erupted with a series of Tweets alleging… Read More

March 6, 2021 @ 2:47 pm By Omar Faridi  |  

The majority of Goldman Sachs (NYSE:GS) clients are bullish on the future performance of decentralized cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). The giant Wall Street investment bank has shared the results of a client survey revealing that 61% of respondents believe their crypto-asset… Read More

March 2, 2021 @ 11:00 am By JD Alois  |  

Marcus executive Omer Ismail has left Goldman Sachs (NYSE:GS) for Walmart (NYSE: WMT), according to a report in Bloomberg. Marcus has emerged as a top digital bank in the US growing rapidly in both users and services provided minus bank branches. The report states that… Read More