That's a phrase that often companies hide behind to try to defer their responsibilities for the actions that they're taking. I certainly don't buy that. Goldman Sachs and its partner, Dalfen Industrial, sold the facility to the federal government last month for $129.3 million, more than double its official value listed on tax records.
Most Olympians and athletic champions retire from their sport by their mid-30s, searching for passion in a different line of work. Fortunately for elite athletes on the job hunt, the famously selective bank is looking to tap into the same talent that rowing stars, competitive swimmers, and Super Bowl champions bring to the table. And apparently, there's much more in common between athletics and banking than what meets the eye.
With a Biglaw firm officially blaming staff layoffs on AI, what is it going to look like if and when layoffs come for lawyers? It's unlikely to look the same for every Biglaw business model. And it could look even more different for boutiques. Embattled Goldman Sachs chief legal officer Kathryn Ruemmler announced that she'd be leaving her role after her Jeffrey Epstein connections came out in the last file dump.
Wall Street's Goldman Sachs has revealed an expansion of its crypto holdings, reporting roughly $2.36 billion in total crypto exposure - including $1.1 billion in Bitcoin ETFs, according to financial holding disclosures. Bitcoin's portion of the haul - the largest of any digital asset listed - highlights just how far the venerable investment bank has shifted from earlier skepticism toward meaningful exposure in the world's largest cryptocurrency by market cap. The $1.1 billion position was in IBIT, BlackRock's iShares Bitcoin Trust ETF.
A new trove of emails released Friday is shedding more light on the relationship between Kathryn Ruemmler, who is now Goldman Sachs' top lawyer, and Jeffrey Epstein - who sent her expensive gifts, including an Hermès bag. "So lovely and thoughtful! Thank you to Uncle Jeffrey!!!" Ruemmler wrote in 2018 after Epstein had something delivered to her New York apartment. Ruemmler's relationship with Epstein, a convicted sex offender, has been closely examined. Multiple disclosures of once-private emails have shown the pair had a much deeper relationship than was previously publicly known.
Founded in 1869, Goldman Sachs is the world's second-largest investment bank by revenue and is ranked 55th on the Fortune 500 list of the largest U.S. corporations by total revenue. The Wall Street white-glove giant offers financing, advisory services, risk distribution, and hedging for the firm's institutional and corporate clients. In addition, they produce some of Wall Street's most coveted research and serve as a bellwether for the financial industry.
Banks need elite talent to tackle what's expected to be a busy 2026, forcing them to compete for top dealmakers amid one of the strongest M&A backdrops in years. The industry "will probably have the second biggest year in history," Goldman Sachs CFO Denis Coleman said on Tuesday at a financial industry conference hosted by the firm, noting that the bank has already advised on activity "north of a trillion dollars" this year.
Those emails aren't the entirety of the communications between her and Epstein. Epstein's estate is keeping secret 277 additional emails between him and Ruemmler, saying they are protected by attorney-client confidentiality. Many of those emails contain discussions of lawsuits by women who accused Epstein of sexual assault, according to a court filing made public this week. The document, a 500-page list of emails the estate claims are privileged, indicates that Ruemmler gave Epstein legal advice or otherwise acted as his attorney.
Meena Lakdawala-Flynn knew what it meant to perform under pressure years before becoming a partner at one of the country's top banks. Lakdawala-Flynn, cohead of Global Private Wealth Management and One Goldman Sachs, started doing gymnastics when she was two years old. By the time she was eight, Lakdawala-Flynn said she was exercising between 30 and 40 hours a week, and dead-set on going to the Olympics.
I am very happy because the process has taken almost 15 years, since 2010 when I finished my first presidential term. We needed to get the plans off the drawing board and into reality to make this dream come true.
"There is no question that when you put these tools in the hands of smart people, it increases their productivity," Solomon said in an exclusive interview ahead of this week's 10,000 Small Businesses Summit in Washington. "You're going to see changes in the way analysts, associates and investment bankers work."
The firm is making a series of operating estimate changes to highlight a mix of sustained momentum around performance-oriented budgets throughout Q3, with heightened performance in July/August, continued industry headwinds from a weaker brand advertising environment with easing revenue headwinds emerging in September that might act an improved tailwind, and experimental budgets that remain more volatile, with smaller platforms still seeing more stalled or downside volatility to budgets in the September timeframe, the analyst tells investors in a research note.
MC: It required a lot of discipline, a lot of time management, but also provided the reward of such an incredible network and camaraderie of teammates and girls who I got to see day in and day out. Lacrosse conditioned in me a mindset and temperament that I leaned on throughout the networking, the application, and when it came to it, the interviewing stages. I draw on these intangibles - such as the need to think quickly on my feet, to stay resourceful, and to be a self-starter - every day.
According to Bloomberg, del Castano wrote articles for the Spanish-language news website The Objective containing strong rebukes against Trump and Spanish Prime Minister Pedro Sánchez. In one post, he criticized the president's "poor manners, his self-centeredness, his apparent lack of scruples, and his morally questionable nature," Bloomberg reported. When the publication went to Goldman for comment, the bank said it had not been aware of the articles, which The Objective then deleted.
Founded in 1869, Goldman Sachs is the world's second-largest investment bank by revenue and is ranked 55th on the Fortune 500 list of the largest U.S. corporations by total revenue. The Wall Street white-glove giant offers financing, advisory services, risk distribution, and hedging for the firm's institutional and corporate clients. In addition, it produces some of Wall Street's most coveted research and serves as a bellwether for the financial industry.
With three world records and two Olympic gold medals under his belt in swimming, Ryan Held's new challenge isn't in the pool. It's at 200 West as an analyst in cyber risk at the elite investment bank Goldman Sachs. He's raced alongside teammates like Michael Phelps and Caeleb Dressel, yet when he started his new job this year, he admits he felt a bit like an underdog.
