Tagged: goldman sachs

May 25, 2021 @ 2:00 pm By JD Alois  |  

Coinbase (NASDAQ:COIN), the newly listed digital asset exchange, has received some good news this week as two big banks predicted that shares in the company should be going higher over the next twelve months. Yesterday, it was reported that JPMorgan analyst Kenneth Worthington initiated coverage… Read More

May 24, 2021 @ 4:35 pm By Omar Faridi  |  

Bitcoin (BTC), the flagship cryptocurrency, is up nearly 13% in the past 24 hours. It’s trading at around $37,800 at the time of writing. Meanwhile, Ethereum (ETH), the second-largest crypto by market cap, is up around 30% in the last 24 hours and is trading… Read More

May 21, 2021 @ 8:18 am By Samantha Hurst  |  

  UK-based digital banking group Starling Bank announced this week it secured a £50 million investment from Goldman Sachs Growth Equity. According to Starling Bank, the investment is an extension of the oversubscribed £272 million Series D funding round announced in March 2021, which valued it in… Read More

May 20, 2021 @ 7:20 am By Omar Faridi  |  

ComplyAdvantage, an AI-enhanced financial crime detection firm, has  extended its Series C funding round to $70 million, with an additional $20 million from Goldman Sachs. ComplyAdvantage‘s  investment has reportedly come on top of the firm’s oversubscribed Series C round that was announced in July of… Read More

May 11, 2021 @ 2:47 pm By JD Alois  |  

This is a sign of the times, I guess. According to a report, a Managing Director at Goldman Sachs (NYSE:GS) has exited the vaunted investment bank after making big money in Dogecoin. Beginning in 2021, Dogecoin traded as less than a penny per coin. Jump… Read More

May 6, 2021 @ 4:02 pm By JD Alois  |  

Goldman Sachs (NYSE:GS) has invested in Coin Metrics – a crypto-asset data and risk analysis firm. The $15 million Series B was led by Goldman along with the participation of previous investors Castle Island Ventures, Highland Capital Partners, Fidelity Investments, Avon Ventures, Communitas Capital, and… Read More

May 2, 2021 @ 2:17 pm By Omar Faridi  |  

Giant Wall Street investment bank Goldman Sachs (NYSE:GS) has revealed that it’s made a major quantum computing breakthrough. Goldman said that it’s working on computer algorithms that may be used on hardware that could be available within the next 5 years. Goldman Sachs has reportedly… Read More

May 2, 2021 @ 1:09 pm By Omar Faridi  |  

Fintech Unicorn Marqeta is reportedly planning to conduct an initial public offering (IPO) later this year, according to a report from BI. Oakland-based payments processor Marqeta is valued at around $4.3 billion. The company provides debit cards to firms such as DoorDash and Instacart. Marqeta… Read More

April 21, 2021 @ 10:10 am By Timothy Li  |  

Apple CEO, Tim Cook kicked off the Apple (NASDAQ:AAPL) “spring-loaded” event and announced the biggest head-scratcher that made no sense. Cook announced a new way to “build credit” for the rest of your family that’s called “Apple Card Family”. Cook said that Apple set out to… Read More

April 19, 2021 @ 9:00 am By JD Alois  |  

The West Midlands has joined the Innovate Finance Fintech National Network, the UK’s first network connecting Fintech hubs and supporting nationwide financial innovation. The West Midlands has been championing its region for some time promoting it as a viable and less expensive to the greater… Read More

April 19, 2021 @ 7:06 am By Omar Faridi  |  

  Starling, a leading UK-based digital bank, revealed on Monday (April 19, 2021) that it has received a £50 million investment from Goldman Sachs Growth Equity. The latest investment is reportedly an extension of the digital bank’s oversubscribed £272 million Series D investment round that… Read More

April 14, 2021 @ 8:28 am By JD Alois  |  

Goldman Sachs (NYSE:GS) released Q1 earnings results this morning and the prominent investment bank delivered a beat on both top and bottom line. According to the release, Goldman’s revenue came in at $17.7 billion with net earnings at $6.84 billion or EPS of $18.6 during… Read More

April 13, 2021 @ 11:47 pm By JD Alois  |  

In a significant endorsement of the city, Goldman Sachs (NYSE:GS) has opened an office in Birmingham, UK – a community that has been promoting itself as an alternative to super pricey London. Goldman Sachs stated that Birmingham offers access to a deep talent pool, excellent… Read More

April 12, 2021 @ 3:20 pm By JD Alois  |  

Coming off the heels of a report that some Goldman Sachs (NYSE:GS) junior bankers are fed up with extreme workloads, a new report claims that workers at Marcus, the digital banking subsidiary of Goldman, are exiting the firm due to the long workdays and intense deadlines… Read More

April 9, 2021 @ 6:55 pm By Omar Faridi  |  

The Mexico-based division of Fintech Unicorn Nubank, which is notably the largest standalone digital banking platform in the world, will be acquiring $135 million in capital in order to support its business operations in the Latin American (LatAm) region’s second-largest economy. As first reported by… Read More

March 31, 2021 @ 8:33 am By JD Alois  |  

Goldman Sachs (NYSE:GS) is expected to soon allow investing in digital assets according to a report by CNBC. The report mentions Mary Rich, Global Head of Digital Assets at Goldman Sachs, as stating the bank will offer a “full-spectrum” of digital assets including Bitcoin, other… Read More

March 24, 2021 @ 12:26 am By JD Alois  |  

The New York State Department of Financial Services (DFS) has determined that Apple (NASDAQ:AAPL) and underwriter Goldman Sachs (NYSE:GS) did not violate fair lending laws in regards to complaints pertaining to the Apple Card. In late 2019, Twitter erupted with a series of Tweets alleging… Read More

March 23, 2021 @ 8:50 am By Omar Faridi  |  

Only a month after announcing that it was working on an integrated service for crypto-assets, BNY Mellon (NYSE:BK) has decided to make a strategic investment into crypto startup Fireblocks. The New York-headquartered financial powerhouse, which is notably among the biggest banking institutions and also one… Read More

March 6, 2021 @ 2:47 pm By Omar Faridi  |  

The majority of Goldman Sachs (NYSE:GS) clients are bullish on the future performance of decentralized cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). The giant Wall Street investment bank has shared the results of a client survey revealing that 61% of respondents believe their crypto-asset… Read More

March 2, 2021 @ 11:00 am By JD Alois  |  

Marcus executive Omer Ismail has left Goldman Sachs (NYSE:GS) for Walmart (NYSE: WMT), according to a report in Bloomberg. Marcus has emerged as a top digital bank in the US growing rapidly in both users and services provided minus bank branches. The report states that… Read More