Banks suffer as commodities trading hits a rocky patch

Jul 25, 2017
Commodity trading — often a big money maker for banks and hedge funds — has been subdued in recent months, leading to significant drops in revenue. Goldman Sachs recently said its commodity trading unit had the worst quarter on record, and other…

Goldman Sachs invests in wind power and will help other big brands meet their green goals

Jun 13, 2017
Just after President Trump pulled the United States out of the Paris agreement, Goldman Sachs CEO Lloyd Blankfein tweeted his displeasure. Now, the blue-blood bank is going green in another way with a big move into wind and solar energy.…

Goldman Sachs: When protests and profits collide

by
May 31, 2017
There were protestors in front of Goldman Sachs’ offices in Manhattan yesterday who were angry with the bank for a purchase it made. Goldman bought $2.8 billion worth of Venezuelan bonds from the state-owned oil company through a broker. It…

What you need to know about Venezuela’s 'hunger bonds'

May 31, 2017
Goldman Sachs faces criticism for buying $2.8 billion worth of bonds from the country that's facing critical food shortages.
Activists protest against Goldman Sach's purchase of $2.8 billion worth of Venezuela bonds outside Goldman Sachs' New York headquarters on Tuesday.
Bryan R. Smith/Getty Images

Goldman Sachs offers new online lending platform

Mar 20, 2017
The bank is making a risky bet on something far from its comfort zone.
Goldman Sachs' new lending platform, Marcus, makes small loans to regular people, not elite corporations and investors.
Spencer Platt/Getty Images

Goldman Sachs pulls out of Las Vegas stadium deal with Raiders

Feb 1, 2017
The Oakland Raiders’ plan to move to Las Vegas is falling apart. First, casino mogul Sheldon Adelson said he would no longer help finance the $1.9 billion relocation. Then, Wall Street powerhouse Goldman Sachs backed out. Sports business experts explain…

What's the big deal about Goldman Sachs?

Dec 12, 2016
Plus, Trump targets Lockheed Martin and F-35 fighter jet costs.
Gary Cohn, president and chief operating officer at Goldman Sachs, talks on his phone as he arrives at Trump Tower, November 29, 2016 in New York City.
Drew Angerer/Getty Images

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How Steven Mnuchin would deal with a financial crisis

Nov 30, 2016
Trump has nominated the investment banker and Hollywood producer as the next Treasury secretary.
Steven Mnuchin leaving the Trump Tower in New York on Nov. 14.
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The big banks post a surprisingly strong quarter

Oct 19, 2016
Interest rates haven't risen and regulations haven't eased. So what's up?
A view of Goldman Sachs' Manhattan headquarters.
Spencer Platt/Getty Images

Goldman transcripts show how Clinton has evolved

Oct 17, 2016
On trade and regulation, the presidential candidate has a harder line now than in 2013. But that's not particularly surprising.
Democratic presidential nominee Hillary Clinton speaks during a campaign rally at The Smith Center for the Performing Arts  in Las Vegas, Nevada. 
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