Steve Feinberg’s Cerberus Capital Management tapped Goldman Sachs Group Inc. for a potential sale of all or part of his ownership stake in the firm as he prepares to take a role in the Trump administration.

Donald Trump listens to Goldman Sachs CEO David Solomon in 2020. © 2024 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our ...

Fourth quarter results have been exceptional for US banks, led by Goldman Sachs whose earnings per share (EPS) exceeded expectations by more than 45 per cent.

The Wall Street CEO discussed growing confidence among business leaders after his bank’s strong fourth-quarter report.

JPMorgan Chase, Goldman Sachs and Pinterest are just a few of the companies whose leaders say they will still emphasize diversity, as the new administration’s war on such policies ramps up.

U.S. President Trump said that his administration could impose a 25% tariff on Mexican exports. But will he actually act on his threat?

Several large U.S. financial institutions, including the Federal Reserve, have withdrawn from the networks after years of growing political and legal pressure.

JPMorgan notched a record profit of $58.5 billion, up from $49.6 billion in 2023, America’s biggest bank reported on Wednesday. Goldman Sachs said its profits soared to $14 billion in 2024, compared to $8.5 billion a year earlier.

Goldman Sachs is hardly alone in predicting a further 5% jump in the dollar this year. Commodity Futures Trading Commission data find that investors — from big asset managers to hedge funds — are the most optimistic about the dollar’s upside since 2019.

Donald Trump is “very serious” about unleashing unilateral tariffs on neighbors Mexico and Canada without even giving them a chance to negotiate. Some of Trump’s closest advisors said the dramatic action could take place within days.

Hedge funds have turned optimistic about European companies that sell things people want but don't necessarily need, especially luxury goods, according to a Goldman Sachs note on Wednesday seen by Reuters on Thursday.

Feinberg got his start at Michael Milken’s junk-bond powerhouse Drexel Burnham Lambert in the 1980s before co-founding Cerberus in 1992. If Feinberg moves to Washington, the firm’s co-CEO, Frank Bruno, is expected to become sole chief executive, one of the people said.