Recent events
Recent events tied to this brand in public sources.
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2020
Goldman Sachs partners with management team to form Global Compute
Goldman Sachs Merchant Banking Division announced a partnership with a management team to form Global Compute, a data center infrastructure platform. Goldman Sachs initially committed up to $500 million of equity capital to support near-term investments.
2020
AccessFintech completes $20 million Series B
AccessFintech announced the successful completion of a $20 million Series B financing led by Dawn Capital, with contributions from existing investors J.P. Morgan, Citi and Goldman Sachs and first-time participation by Deutsche Bank.
2020
Goldman Sachs announces planned layoffs
Goldman Sachs said it had decided to move forward with a modest number of layoffs after pausing job cuts during the Covid-19 pandemic. Bloomberg reported that about 400 jobs could be cut, citing people familiar with the matter.
2020
Duke Energy Renewables closes $109.4 million funding deal
Duke Energy Renewables closed on $109.4 million in preferred tax equity funding from Goldman Sachs’ Alternative Energy Investing Group. The investment will fund a portfolio of solar and solar-plus-storage projects.
2020
Duke Energy Renewables closes $109.4 million tax equity funding
Duke Energy Renewables announced that it closed $109.4 million in preferred tax equity funding from Goldman Sachs’ Alternative Energy Investing Group. The investment is to fund a portfolio of approximately 75 MW of solar and solar-plus-storage projects over 18 months.
2020
Goldman Sachs appoints global head of digital assets
Goldman Sachs appointed managing director Mathew McDermott as its global head of digital assets. The article gives no date for the appointment.
2020
Goldman Sachs settles dispute with Malaysia for about $3.9 billion
Goldman Sachs and the Malaysian government reached a settlement over legal disputes related to Goldman Sachs' bond issuance for 1MDB. Under the agreement, Goldman Sachs will compensate Malaysia by about $3.9 billion, including cash and a guarantee to help recover assets. Malaysia's finance minister said the settlement represented Goldman Sachs' acknowledgment of misconduct by former employees in the 1MDB-related matter.
2020
Goldman Sachs settles dispute with Malaysia over 1MDB bond business
Goldman Sachs and the Malaysian government reached a settlement over the legal dispute arising from Goldman Sachs’ bond work for 1MDB. The agreement provides for approximately $3.9 billion in compensation, including cash and assets to be recovered; Malaysia’s finance minister said the agreement represented Goldman Sachs’ acknowledgment of misconduct by former employees.
2020
Everest Medicines applies for Hong Kong listing
Everest Medicines applied to list on the main board of the Hong Kong Stock Exchange, with Goldman Sachs and BofA Securities as joint sponsors.
2020
Regulator approves Allianz's Taikang stake acquisition
A regulatory authority approved Goldman Sachs' transfer of a 3.9662% stake in Taikang Insurance Group to Allianz. The article does not specify when the approval occurred.
2020
Amazon and Goldman Sachs introduce a small-business credit line
Amazon and Goldman Sachs introduced a digital credit line for U.S.-based merchants selling on Amazon; eligible sellers will receive invitations to apply for credit lines of up to $1 million.
2020
BhamStrong, Birmingham, HOPE and Goldman Sachs partner on PPP loan access
BhamStrong, the city of Birmingham, Hope Credit Union and Goldman Sachs partnered to expand access to Paycheck Protection Program loans for small businesses and nonprofits in Birmingham; HOPE administers the loans, with Goldman Sachs acting as liquidity sponsor.
2020
Ten banks sued over alleged corporate bond market price coordination
A class action lawsuit was filed in Manhattan federal court against ten banks, including JPMorgan Chase and Bank of America, alleging that they conspired over nearly 14 years to manipulate prices in the $9.6 trillion corporate bond market. These are allegations in the complaint, not a court finding.
2020
Baltimore and Goldman Sachs announce small-business loan program partnership
The City of Baltimore and Goldman Sachs announced a partnership through which affected small businesses could apply for loans under a $10 million program.
2020
Texas announces small-business lending partnership with Goldman Sachs
Texas Governor Greg Abbott announced that the state was collaborating with Goldman Sachs and LiftFund to provide $50 million in loans to small businesses.
2020
China approves Goldman Sachs control of Goldman Sachs Gao Hua Securities
China’s securities regulator approved The Goldman Sachs Group as the controlling shareholder of Goldman Sachs Gao Hua Securities and raised no objection to its subscription for additional equity.
2020
TripActions secures $500 million credit facility
TripActions secured a $500 million credit facility to support the launch of its corporate travel product TripActions Liquid. The funding came from Silicon Valley Bank, with participation from Goldman Sachs and Comerica Bank.
2020
Goldman Sachs-affiliated funds agree to acquire Aptos
Aptos announced that funds affiliated with Goldman Sachs' Merchant Banking Division had reached a definitive agreement to acquire Aptos from funds advised by Apax Partners.
2020
Goldman Sachs appoints five members to its management committee
Goldman Sachs CEO David Solomon said in a Monday memo that Tucker York, George Lee, Marco Argenti and others had joined the company's management committee.
2020
Marcus launches mobile banking app
Goldman Sachs launched a mobile app for customers of its online bank Marcus; the app was released on Monday.