New York-based real estate investment company Cadre has partnered with Goldman Sachs Group Inc to allow the bank’s private wealth management clients to invest through the startup’s platform. Goldman Sachs clients have committed to investing $250 million in properties through Cadre’s platform so far, the companies said on Wednesday.
Goldman Sachs Group Inc. said on Friday it would take a $5-billion earnings hit in the fourth quarter for the new U.S. tax law, becoming the first major U.S. bank to detail the law’s one-time impact on corporate profits held overseas.
Morgan Stanley beat Wall Street’s profit expectations on Wednesday, reporting gains across most of its businesses and producing more trading revenue than rival Goldman Sachs Group Inc, a rare feat.
Goldman Sachs Group Inc reported a 40 percent slump in bond trading revenue, mirroring a broader weakness in trading activity that has plagued big U.S. banks in the latest quarter.
Goldman Sachs Group Inc. has named a new chief information officer as former head Marty Chavez will become chief financial officer of the Wall Street firm.
