News Stocks 

Goldman Sachs’ stock-based pay ratio still much higher than rivals’

“As the biggest individual holder of Goldman shares, Blankfein arguably has more at stake in the transition than anyone else” reports businessinsider.com. If the high burn rate persists, Goldman stock could become less attractive to investors relative to its peers while potentially weighing on its operating performance.Goldman also has been aggressively buying back stock, which elevates the burn rate.Big investors take notice of a burn rate because it measures how much value a company transfers to executives, said John Roe, head of ISS’s data arm.Looking ahead, Goldman is moving into…

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News Stocks 

Goldman’s stock climbs as Blankfein is set to retire as CEO as early as 2018, says report

“The paper said Goldman head Lloyd Blankfein is set to step down as early as the end of 2018, capping a roughly 12-year run at the helm of the world’s most prominent investment bank” writes Mark Decambre for marketwatch.com. For the year, Goldman’s shares were up 6.2%, compared with the S&P 500 index SPX, +1.74% which is up 3.6% so far in 2018.The 63-year-old Blankfein could also retire in the bank’s 150th anniversary year of 2019.Either way, the bank appears to be laying the groundwork for succession after Blankfein helped…

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News Stocks 

Goldman’s Blankfein is set to retire as CEO early as 2018, according to reports

“The report says that Goldman head Lloyd Blankfein is set to step down as early as the end of 2018, capping a roughly 12-year run at the helm of the world’s most prominent investment bank” writes Mark Decambre for marketwatch.com. For the year, Goldman’s shares were up 6.2%, compared with the S&P 500 index SPX, +1.17% which is up 3.6% so far in 2018.The 63-year-old Blankfein could also retire ahead of the bank’s 150th anniversary year in 2019. Source: marketwatch.com Share This:

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News 

It’s Getting Harder to Tell Banks From Tech Companies

“Engineering underpins our growth initiatives,” says a summary page, and it doesn’t mean financial engineering” writes Tyler Cowen for bloomberg.com. And in investment banking, “Engineering enhances client engagement through apps, machine learning and big data analytics.”.  Source: bloomberg.com Share This:

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News 

The world is minting millionaires quicker than Goldman Sachs can keep up with them — and it’s making a fortune off of them

“Fortunately for Goldman Sachs, the world is minting more multi-millionaires than the bank can keep up with” writes Alex Morrell for businessinsider.com. “The world seems to be growing rich people faster than we can grow advisers to cover them,” Blankfein said.”The world seems to be growing rich people faster than we can grow advisers to cover them,” CEO Lloyd Blankfein said.Matt Cardy/Getty Images Business is good if you’re a wealth adviser at Goldman Sachs, as millionaire clients are popping up quicker than the bank can keep up with. Source: businessinsider.com Share…

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Markets News Stocks 

GOLDMAN SACHS WARNS: There’s a ‘high probability’ of a stock market correction in the coming months

“However, like Goldman, BAML says it will be largely constructive on stocks once this euphoria shakes out of current valuations” writes Aol Staff for aol.com. Add Goldman Sachs to the list of Wall Street firms growing increasingly skeptical about the stock market’s record-setting run. Source: aol.com Share This:

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Crypto Futures News 

Goldman Sachs will clear bitcoin futures for some of its clients

“Goldman Sachs will clear bitcoin futures trading for some of its clients, according to a person familiar with the plans” writes Finanzen Net Gmbh for businessinsider.com. Goldman will decide who gets to trade bitcoin futures on a case-by-case basis, the person said.Goldman CEO Lloyd Blankfein said last week that it was too early for the firm to have a bitcoin strategy. Source: businessinsider.com Share This:

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GBP News 

Goldman Sachs likely to have EU hubs in both Paris and Frankfurt after Brexit

“Goldman Sachs boss Lloyd Blankfein has warned uncertainty over Brexit will lead to the US investment bank moving jobs from London to Paris and Frankfurt” writes James Titcomb for telegraph.co.uk. In an interview with French newspaper Le Figaro, Mr Blankfein said Brexit was forcing the bank to “decentralise” its European operations. “We will have more staff on the continent,” he said. Source: telegraph.co.uk Share This:

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