• Top dealmaker leaves Goldman Sachs to run Michael Dell’s investment firm

    Top dealmaker leaves Goldman Sachs to run Michael Dell’s investment firm

    A top Goldman Sachs dealmaker is leaving the firm after almost three decades to run Texas computer tycoon Michael Dell’s investment firm. In a move that shocked many insiders at the Wall Street
  • Goldman Sachs CEO tells bankers to ‘look up’ amid election unrest

    Goldman Sachs CEO tells bankers to ‘look up’ amid election unrest

    Goldman Sachs chief David Solomon is trying to calm his troops while the tumult of the 2020 election continues to unfold. In an audio message to Goldman staff on Wednesday evening — emailed out
  • Goldman Sachs sees two COVID-19 cases as workers return to the office

    Goldman Sachs sees two COVID-19 cases as workers return to the office

    Goldman Sachs has seen two employees test positive for COVID-19 in the last two weeks — just as the megabank has begun to prod workers back into the office, sources told The Post. One of the cases appears to have affected Goldman’s trading operation, and the bank has sent some workers in that division home …
  • COVID-19 case may derail JPMorgan’s back-to-work push

    COVID-19 case may derail JPMorgan’s back-to-work push

    Jamie Dimon’s back-to-the-office push despite the pandemic has already run into trouble. JPMorgan Chase was forced to send some workers its New York City headquarters home this week after an employee in the bank’s equities trading and sales division tested positive for the deadly coronavirus, sources told The Post. An insider said the banking giant  …
  • Warren Buffett confuses Wall Street as he buys gold, sells Goldman Sachs

    Warren Buffett confuses Wall Street as he buys gold, sells Goldman Sachs

    Warren Buffett has given up his long-held conviction against buying gold — and he’s meanwhile getting out of Goldman Sachs. The totemic tycoon revealed in filings late last week that he has scooped up more than 20 million shares of mining giant Barrick Gold Corp. even as he unloaded nearly all of his nearly 2 …
  • David Solomon DJs in the Hamptons after reaching $3.9B 1MBD settlement

    David Solomon DJs in the Hamptons after reaching $3.9B 1MBD settlement

    Goldman Sachs chief executive David Solomon let his musical alter ego rip over the weekend after finally settling long-running fraud claims against his firm for $3.9 billion. Solomon dropped his beats for a field of well-heeled Hamptonites in Water Mill, NY, on Saturday, where his electronic dance music persona, DJ D-Sol, performed for a drive-in …
  • Goldman Sachs posts blowout profit on surprisingly strong trading

    Goldman Sachs posts blowout profit on surprisingly strong trading

    Goldman Sachs boss David Solomon can thank the traders he decided not to fire for delivering one of the bank’s best quarters in years. The Wall Street giant posted second-quarter earnings per share of $2.4 billion, or $6.26 a share, blowing past Wall Street’s expectations of $3.78 a share. The blowout beat was driven in …
  • Goldman Sachs votes to pay CEO David Solomon $24.7M

    Goldman Sachs votes to pay CEO David Solomon $24.7M

    Goldman Sachs shareholders approved CEO David Solomon’s $24.7 million pay day on Thursday despite calls for it to be voted down in light of the COVID-19 pandemic. Seventy-one percent of shareholders OK’d the 2019 compensation package, down from 91 percent the year earlier, Goldman announced at its annual shareholder meeting. The 58-year-old chief executive’s pay …
  • Goldman CEO signals ‘assumption’ recession will last through 2020

    Goldman CEO signals ‘assumption’ recession will last through 2020

    Goldman Sachs chief executive David Solomon signaled on Wednesday he’s working on the “assumption” that the coronavirus-driven recession will continue at least through the end of this year. After seeing the $80 billion bank’s first-quarter profit nearly cut in half by the pandemic, CEO Solomon kicked off Goldman’s earnings call on a somber tone, making …