|Expense Ratio (net)||N/A|
|Last Cap Gain||N/A|
|Morningstar Risk Rating||N/A|
|Beta (3Y Monthly)||N/A|
|5y Average Return||N/A|
|Average for Category||N/A|
Goldman Sachs is poised to enter the UK retail investment market for the first time with a stocks and shares Isa that will pit the Wall Street investment bank against the likes of Hargreaves Lansdown and AJ Bell. The bank’s plan to launch the tax-free investment account that has been hugely popular with investors in the UK since they were first introduced in the late 1990s, marks the latest expansion of Goldman’s consumer bank Marcus, which was launched in the US in 2016.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Arrow Reinsurance Company, Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
FT subscribers can click here to receive FirstFT every day by email. First off: FT.com is free to read for everyone today. If you have a friend or colleague who would be interested in any articles curated ...
WeWork’s chief executive Adam Neumann told employees he had been “humbled” by the aborted initial public offering of his lossmaking property group, admitting he needed to learn lessons about running a public company. its eagerly-anticipated listing, Mr Neumann expressed his contrition over the handling of the IPO process, according to people who saw the presentation. Amid recriminations over the derailed process, one person who worked closely with Mr Neumann said his outsized personality played a “huge role”.
Goldman Sachs has hired a senior executive from Amazon Web Services (AWS) to replace departing technology boss Elisha Wiesel, in a move that could accelerate the bank’s migration to cloud services. Goldman announced the appointment of Marco Argenti, erstwhile vice-president of technology at cloud-technology provider AWS, in an internal memo on Thursday.
Goldman Sachs on Tuesday launched its "most ambitious" recruiting campaign to attract its next generation of talent.
Saudi Arabia is accelerating plans for the initial public offering of state oil giant Saudi Aramco, according to people familiar with the company, aiming to list a sliver of the business on its domestic exchange by the end of this year. The move would see it initially float just 1 per cent of the world’s largest company by revenues in Riyadh as Crown Prince Mohammed bin Salman pushes to have a faster listing. Plans to sell up to 5 per cent of Aramco were first announced by Crown Prince Mohammed — who is widely known as MBS — three years ago as the centrepiece of his plan to overhaul the kingdom’s economy and ultimately reduce its reliance on oil, but have faced frequent delays.
Mexico’s government has unveiled what it called a “realistic but conservative” 2020 budget that targets a 2 per cent rise in economic growth and a wave of social spending, but analysts warned that some of its key assumptions were too optimistic. Arturo Herrera, finance minister in the leftist administration led by President Andrés Manuel López Obrador, acknowledged a difficult international outlook had forced officials to rework their calculations after an escalation in US-China trade friction led to a weakening of the peso and oil prices. Mexico, Latin America’s second-biggest economy, is teetering on the brink of recession after a 0.2 per cent contraction in the first three months of this year. The 2020 growth projection in the budget would represent a jump from 0.6 per cent to 1.2 per cent this year and is based on assumptions of a 15 per cent rise in oil production and an increase in tax revenues that some analysts warned were too optimistic.
, the civil servant who led Theresa May’s efforts to strike a Brexit deal with the EU and became a bogeyman to Eurosceptics, is to join Goldman Sachs, in the latest example of a high-profile public service appointment to the Wall Street giant. Mr Robbins was Mrs May’s chief EU negotiator from 2017 until 2019 and was credited as the driving force behind the Leave deal struck by the prime minister in Brussels last year.
DUBAI/LONDON (Reuters) - Saudi Arabia plans a gradual listing of Aramco on its domestic market, sources familiar with the matter said on Monday, as it finalises the roles banks will play in the initial public offering (IPO) of the world's biggest oil company. The kingdom intends to list 1% of the state oil giant on the Riyadh stock exchange before the end of this year and another 1% in 2020, the sources said, as initial steps ahead of a public sale of around 5% of Aramco. Based on the indicated $2 trillion valuation that Saudi Aramco had hoped to achieve, a 1% float would be worth $20 billion, a huge milestone for the local stock market.
WeWork owner The We Company is considering slashing the valuation it will seek in an initial public offering (IPO) to a little over $20 billion, less than half the $47 billion valuation it achieved in a private fundraising round in January, people familiar with the matter said on Thursday. The We Company's deliberations illustrate how growing investor skepticism over the U.S. office space sharing startup's lack of a roadmap to profitability, and its co-founder Adam Neumann's firm grip on its governance, are weighing on its IPO prospects. A dramatic drop in the We Company's valuation could also prove to be a seminal moment for the IPO expectations of Silicon Valley unicorns, or startups with a valuation over $1 billion.
Senior executives including Elisha Weisel, the bank's chief technology executive, and Steven Strongin, who runs the firm's research operation, are in discussions to step down, the newspaper reported, citing people familiar with the matter. Chief Executive David Solomon, in some cases, is culling a partnership he sees as bloated, the Journal reported, adding that up to 15% of Goldman's partners may leave this year, far higher than typical turnover. Goldman did not respond to a Reuters request for comment after market hours on Wednesday.
As many as a dozen partners at Goldman Sachs Group Inc are negotiating an exit from the bank and are likely to leave by the end of 2019, the Wall Street Journal reported on Wednesday. Senior executives including Elisha Weisel, the bank's chief technology executive, and Steven Strongin, who runs the firm's research operation, are in discussions to step down, the newspaper reported, citing people familiar with the matter. Chief Executive David Solomon, in some cases, is culling a partnership he sees as bloated, the Journal reported, adding that up to 15% of Goldman's partners may leave this year, far higher than typical turnover.
WeWork’s chief executive, Adam Neumann, has returned a highly criticised $5.9m payment his investment vehicle received from the company for the rights to use the trademarked word “we”. The all-stock payment, ...
There is a ton of growth priced into this stock and earnings after the bell on Wednesday will further prove or disprove this valuation.
PC Connection, Camping World, Apple, Goldman Sachs and Verizon highlighted as Zacks Bull and Bear of the Day