Tagged: goldman sachs

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

May 2, 2021 @ 1:09 pm By Omar Faridi  |  

Fintech Unicorn Marqeta is reportedly planning to conduct an initial public offering (IPO) later this year, according to a report from BI. Oakland-based payments processor Marqeta is valued at around $4.3 billion. The company provides debit cards to firms such as DoorDash and Instacart. Marqeta… Read More

April 21, 2021 @ 10:10 am By Timothy Li  |  

Apple CEO, Tim Cook kicked off the Apple (NASDAQ:AAPL) “spring-loaded” event and announced the biggest head-scratcher that made no sense. Cook announced a new way to “build credit” for the rest of your family that’s called “Apple Card Family”. Cook said that Apple set out to… Read More

April 19, 2021 @ 9:00 am By JD Alois  |  

The West Midlands has joined the Innovate Finance Fintech National Network, the UK’s first network connecting Fintech hubs and supporting nationwide financial innovation. The West Midlands has been championing its region for some time promoting it as a viable and less expensive to the greater… Read More

April 19, 2021 @ 7:06 am By Omar Faridi  |  

  Starling, a leading UK-based digital bank, revealed on Monday (April 19, 2021) that it has received a £50 million investment from Goldman Sachs Growth Equity. The latest investment is reportedly an extension of the digital bank’s oversubscribed £272 million Series D investment round that… 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

April 12, 2021 @ 3:20 pm By JD Alois  |  

Coming off the heels of a report that some Goldman Sachs (NYSE:GS) junior bankers are fed up with extreme workloads, a new report claims that workers at Marcus, the digital banking subsidiary of Goldman, are exiting the firm due to the long workdays and intense deadlines… Read More

April 9, 2021 @ 6:55 pm By Omar Faridi  |  

The Mexico-based division of Fintech Unicorn Nubank, which is notably the largest standalone digital banking platform in the world, will be acquiring $135 million in capital in order to support its business operations in the Latin American (LatAm) region’s second-largest economy. As first reported by… 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 23, 2021 @ 8:50 am By Omar Faridi  |  

Only a month after announcing that it was working on an integrated service for crypto-assets, BNY Mellon (NYSE:BK) has decided to make a strategic investment into crypto startup Fireblocks. The New York-headquartered financial powerhouse, which is notably among the biggest banking institutions and also one… 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

March 2, 2021 @ 10:28 am By JD Alois  |  

Goldman Sachs (NYSE:GS) has pivoted once again when it comes to crypto. Some time ago, it was widely reported that Goldman was launching a crypto trading desk. First reported in 2017, Goldman was predicted to launch a digital asset trading desk by June 2018. The… Read More

February 9, 2021 @ 10:43 pm By Omar Faridi  |  

A new study by Fenergo, provider of digital transformation, customer journey and client lifecycle management (CLM) software, has revealed that Malaysia ranked the highest for data privacy fines in the Asia-Pacific (APAC) region. Fines from Malaysian authorities totaled nearly $4 billion this past year. Neighboring… Read More

February 8, 2021 @ 10:11 pm By Omar Faridi  |  

Goldman Sachs (NYSE:GS) partner Adam Dell has reportedly stepped down from his role as one of the main professionals working on Marcus, the digital-only bank created by the giant Wall Street investment bank. Dell has left the initiative as Goldman Sachs gets ready for a… Read More

February 7, 2021 @ 10:00 pm By Samantha Hurst  |  

  Splitit, an Australian Stock Exchange-listed (ASX:SPT) company that allows consumers to make payments in easy installments using their credit cards, has secured a $150 million credit facility from Goldman Sachs to support growth in both the U.S. and Europe. The latest investment comes less… Read More

January 23, 2021 @ 9:16 am By Omar Faridi  |  

Dhana Kaneshayogan notes that in January 2020, he had joined the Governance, Infrastructure and Networks team (GIN) at UK-based Fintech firm TransferWise. Kaneshayogan confirmed that the team offered other platform teams the interfaces and tooling to develop compute resources by using “best practices and standardized… Read More

January 19, 2021 @ 7:59 am By JD Alois  |  

Goldman Sachs (NYSE:GS) has released Q4 earnings topping expectations with top-line revenue ahead of anticipated results. Shares in Goldman rose slightly in pre-market trading. Goldman has traded significantly higher since the beginning of 2021. Earnings per share for Q4 came in at $12.08 with full-year… Read More