Goldman Sachs’ clients are reportedly jumping into crypto-related trades following the launch of Bitcoin (BTC) exchange-traded funds (ETFs). Max Minton, Goldman’s head of digital assets in Asia, tells Bloomberg that the banking giant’s clients are investing in crypto derivatives for multiple purposes. “The recent ETF approval has triggered a resurgence of interest and activities from
for refinancing, and higher interest rates all signal trouble for the commercial real estate sector. getty Sharp reductions in value for office buildings have many waiting for a major collapse in commercial real estate, which in turn would damage city and state budgets and possibly threaten major bank failures. Thus far, borrowers and lenders have
Retail traders have so far been in the driver’s seat of the current Bitcoin (BTC) and crypto bull markets, according to a Goldman Sachs executive. Matthew McDermott, the investment banking giant’s global head of digital assets, says institutions have just started to get in on the action, Reuters reports. Goldman Sachs first launched a crypto
Barclays will cut several hundreds of jobs in the coming months.Image: Olivia Harris (Reuters) Barclays and Citigroup are set to cut jobs from their investment bank divisions, people familiar with the cuts told Bloomberg on Wednesday. These cuts follow follow a spate of similar layoffs across other big banks. Is it too late to invest
The market has rallied impressively over the past several months, with the S&P 500 index reaching all-time highs that confirm a new bull market is underway in stocks. With this recent rally, some stock valuations may be stretched, making it harder to find deals. Good news for you: There are still plenty of deals to
A rescue operation is underway in China’s equity markets with large and unusual flows into blue-chip funds suggesting a plunge by state-backed investors. It is unclear exactly who is buying, or whether their pockets are deep enough to turn around the sliding market. But analysts say the purchasing pattern points to the so-called “national team”
Budget 2024: Goldman Sachs in its report on FY25 interim budget say that interim budget is likely to follow the fiscal consolidation path Three key things for investors to look out for in the interim budget as per Goldman Sachs include: a) the government’s commitment to the medium-term fiscal consolidation path, b) if capex growth
A building at 755 O’Farrell St. in San Francisco is part of a massive portfolio of 62 apartment buildings that has been purchased after landlord Veritas defaulted on $766.8 million in loans. Scott Strazzante/The Chronicle Real estate giant Brookfield has purchased a massive portfolio of loans tied to 76 San Francisco apartment buildings following one
A Who’s Who on Wall Street and the City are chasing ‘disproportionate returns’ in crypto. A Bitcoin ETF and investment in blockchain technology is driving bullish mojo. “Institutions don’t necessarily only look at the short-term news stories — they look over a longer-term cycle.” That’s what Usman Ahmad, CEO of Standard Chartered’s Zodia Markets, told
The NJ Trust 2023-GSP is preparing to issue $425 million in commercial mortgage-backed securities, secured by a $525 million non-recourse, first lien mortgage loan originated by Goldman Sachs Bank USA, German American Capital Corporation, and Natixis Real Estate Capital. The loan itself—and then the CMBS notes—will be repaid from revenue from a 1.2 million square-foot