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Goldman Sachs Group Inc (GS.N)

GS.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Osram Licht says Goldman Sachs holds 7.72 percent in company
Thursday, 7 Mar 2019 

March 7 (Reuters) - Osram Licht AG ::SAYS GOLDMAN SACHS HOLDS 7.72 PERCENT IN CO THROUGH VOTING RIGHTS AND INSTRUMENTS.  Full Article

SoftBank Is Said to Raise $3 Billion Loan With Goldman, Mizuho - Bloomberg
Tuesday, 5 Mar 2019 

March 5 (Reuters) - :SOFTBANK GROUP'S VISION FUND RAISED $3 BILLION LOAN FROM BANKS INCLUDING GOLDMAN SACHS GROUP TO HELP BRIDGE FUNDING GAPS IN DEALS- BLOOMBERG, CITING SOURCES.  Full Article

Goldman Sachs Estimates Upper End Of Possible Aggregate Legal Loss Of About $1.9 Bln
Tuesday, 26 Feb 2019 

Feb 26 (Reuters) - Goldman Sachs Group Inc ::ESTIMATES UPPER END OF REASONABLY POSSIBLE AGGREGATE LEGAL LOSS OF ABOUT $1.9 BILLION IN EXCESS OF THE AGGREGATE RESERVES AS OF DEC-END.HAD ESTIMATED UPPER END OF REASONABLY POSSIBLE AGGREGATE LEGAL LOSS OF ABOUT $1.8 BILLION IN EXCESS OF AGGREGATE RESERVES AS OF SEPT-END.GOLDMAN SACHS SAYS SUBSIDIARIES OF THE FIRM ACTED AS ARRANGERS OR PURCHASERS OF APPROXIMATELY $6.5 BILLION OF DEBT SECURITIES OF 1MDB - SEC FILING.GOLDMAN SACHS SAYS "FIRM IS COOPERATING WITH THE DOJ AND ALL OTHER GOVERNMENTAL AND REGULATORY INVESTIGATIONS RELATING TO 1MDB".BEGINNING FEB 15, 2 SUMMONSES WITH NOTICE WERE FILED AGAINST GOLDMAN SACHS MORTGAGE CO & GS MORTGAGE SECURITIES IN NY SUPREME COURT.GOLDMAN SACHS SAYS ON FEB. 19, A PURPORTED SHAREHOLDER DERIVATIVE ACTION RELATING TO 1MDB WAS FILED IN U.S. COURT AGAINST CO.RECEIVED MULTIPLE DEMANDS, SINCE NOV 2018, FROM ALLEGED SHAREHOLDERS UNDER SECTION 220 OF DELAWARE GENERAL CORPORATION LAW FOR BOOKS & RECORDS.SUMMONSES WERE FILED BY U.S. BANK NATIONAL ASSOCIATION WITH NOTICE GENERALLY ALLEGING THAT MORTGAGE LOANS IN TRUSTS FAILED TO CONFORM TO APPLICABLE REPRESENTATIONS & WARRANTIES.GOLDMAN SACHS SAYS ON NOV. 21, 2018, A SUMMONS WITH NOTICE WAS FILED IN THE NEW YORK SUPREME COURT BY INTERNATIONAL PETROLEUM INVESTMENT COMPANY.GOLDMAN SACHS SAYS INTERNATIONAL PETROLEUM INVESTMENT COMPANY'S NOV. 21, 2018 SUMMONS WITH NOTICE MAKES UNSPECIFIED CLAIMS RELATING TO 1MDB.  Full Article

Apple, Goldman Sachs Team Up On Credit Card Paired With iPhone - WSJ
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - :APPLE, GOLDMAN SACHS TEAM UP ON CREDIT CARD PAIRED WITH IPHONE - WSJ.APPLE, GOLDMAN SACHS PLAN TO START ISSUING THIS SPRING A JOINT CREDIT CARD PAIRED WITH NEW IPHONE FEATURES- WSJ.  Full Article

Goldman Sachs Discloses Stake Of 0.171 Pct In Interserve As Of Feb 15
Wednesday, 20 Feb 2019 

Feb 20 (Reuters) - Interserve::GOLDMAN SACHS GROUP, INC DISCLOSES STAKE OF 0.171 PERCENT FROM 10.174 PERCENT IN INTERSERVE PLC AS OF FEB 15 - FILING.  Full Article

Goldman's Asia Pacific CEO Ken Hitchner To Retire - Bloomberg
Tuesday, 19 Feb 2019 

Feb 19 (Reuters) - :GOLDMAN’S ASIA PACIFIC CEO KEN HITCHNER TO RETIRE - BLOOMBERG, CITING SOURCES.  Full Article

Soros Fund Management Cuts Share Stake In JPMorgan Chase, Goldman Sachs
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - Soros Fund Management LLC::SOROS FUND MANAGEMENT CUTS SHARE STAKE IN JPMORGAN CHASE & CO BY 20.9 PERCENT TO 212,244 SHARES.SOROS FUND MANAGEMENT CUTS SHARE STAKE IN GOLDMAN SACHS BY 19.6 PERCENT TO 22,682 SHARES.SOROS FUND MANAGEMENT - CHANGE IN HOLDINGS ARE AS OF DECEMBER 31, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF SEPTEMBER 30, 2018.  Full Article

Goldman Sachs Plans Cuts In Commodities Trading Unit - WSJ
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - :GOLDMAN SACHS PLANS CUTS IN COMMODITIES TRADING UNIT - WSJ, CITING SOURCES.  Full Article

Goldman Sachs says 1MDB scandal could hit pay for top executives
Friday, 1 Feb 2019 

Feb 1 (Reuters) - Goldman Sachs Group Inc ::COMPENSATION COMMITTEE OF THE FIRM’S BOARD DETERMINED TOTAL ANNUAL COMPENSATION FOR 2018 FOR DAVID M. SOLOMON AND LLOYD C. BLANKFEIN.CEO SOLOMON RECEIVED $23 MILLION IN 2018 TOTAL ANNUAL COMPENSATION, WHICH COMPARES TO 2017 TOTAL ANNUAL COMPENSATION OF $21 MILLION.SOLOMON’S 2018 COMPENSATION CONSISTS OF AN ANNUAL BASE SALARY OF $1.9 MILLION.GOLDMAN SACHS SAYS FORMER CHAIRMAN & CEO BLANKFEIN GOT $20.5 MILLION IN TOTAL ANNUAL 2018 COMPENSATION VERSUS 2017 COMPENSATION OF $24 MILLION - SEC FILING.BLANKFEIN’S 2018 COMPENSATION CONSISTS OF AN ANNUAL BASE SALARY OF $2 MILLION.APPROVED FORFEITURE PROVISION THAT WAS INCLUDED IN TERMS OF 2018 EQUITY-BASED AWARDS GRANTED TO EMPLOYEES SERVING IN SENIOR POSITIONS.BOARD APPROVED NEW FORFEITURE PROVISION IN LIGHT OF ONGOING GOVERNMENTAL & REGULATORY INVESTIGATIONS RELATING TO 1MDB.PROVISION WILL PROVIDE COMPENSATION COMMITTEE WITH FLEXIBILITY TO REDUCE SIZE OF EQUITY-BASED AWARD PRIOR TO PAYMENT.PROVISION WILL ALSO PROVIDE COMMITTEE WITH FLEXIBILITY TO FORFEIT UNDERLYING TRANSFER-RESTRICTED SHARES AWARDED TO EXECUTIVES.REDUCTION, FORFEITURE MAY HAPPEN IF IT IS DETERMINED THAT RESULTS OF 1MDB PROCEEDINGS WOULD HAVE IMPACTED 2018 COMPENSATION DECISION.  Full Article

United Natural Foods Inc Says Filed A Multi-Count Lawsuit In Supreme Court Of State Of New York Against Goldman Sachs Group, Inc. And Its Subsidiaries
Wednesday, 30 Jan 2019 

Jan 30 (Reuters) - United Natural Foods Inc: :UNITED NATURAL FOODS INC - FILED A MULTI-COUNT LAWSUIT IN SUPREME COURT OF STATE OF NEW YORK AGAINST GOLDMAN SACHS GROUP, INC. AND ITS SUBSIDIARIES.UNITED NATURAL FOODS INC - "COMMITTED TO SUPERVALU COMBINATION".UNITED NATURAL FOODS - FILED LAWSUIT TO RECOUP GOLDMAN'S "GAINS" STEMMING FROM ITS CONDUCT DURING ADVISING PERIOD ON CO'S $2.9 BILLION DEAL WITH SUPERVALU.UNITED NATURAL FOODS - NAMED DEFENDANTS IN CO'S COMPLAINT INCLUDE GOLDMAN SACHS & ITS PRINCIPAL EXECUTIVE OVERSEEING SUPERVALU TRANSACTION ENGAGEMENT.  Full Article

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Top Wall Street banks working on Deutsche-Commerzbank merger - sources

FRANKFURT Goldman Sachs and Citi are helping Germany's two biggest lenders work on their potential $28 billion-plus merger, people close to the matter said on Monday.