Goldman Sach's CEO, Lloyd Blankfein, stated that the company will not change its strategy now that it has become a bank. Goldman's shares have declined in recent weeks, over concerns that increased regulation will drastically lower its potential profits.

Berkshire Hathaway is buying $5 billion of perpetual preferred shares and $2.5 billion in common stock of Goldman Sachs. Goldman Sachs just this week transformed itself from being the largest U.S. investment bank to becoming the fourth largest bank in the U.S.

Both Goldman Sachs and Morgan Stanely, currently the largest independent investment banks in the U.S., have now become banks. As banks they will be subject to far greater regulations by the Federal Reserve. The move allows the two companies to be able to finance their activities with insured deposits; however, now they will no longer be able to leverage as much capital in order to make the huge returns... More

Technology firms are not the only sector looking at India. Goldman Sachs has just gotten approval from the Indian capital markets to operate an asset management company in India. It is expected that invested assets in the emerging economy to grow substantially over the next few years.

Goldman Sachs is not immune to the large losses in the financial sector either. Sources indicate that the company has been quietly reducing its number of financial positions well above the previously announced 5 percent it stated last month. The company affirmed that its number of positions will drop temporarily in-line with current economic conditions.

Daniel L. Sparks, head of Goldman Sach's Mortgage division, is leaving after his successful bet on the declining value of sub-prime lending led the company to record profits last year. He did not officially state his reasons for leaving.

Standard & Poor lowered their rating for Goldman Sachs on Friday while the market was closed. S&P downgraded the company to "negative" from "stable" due to citing that the company will likely see a 20 to 30 percent reduction in income as the company is posed to deal with larger write-downs going forward.

Goldmans Sachs issued a memo today stating that it expects the Federal Reserve to issue an emergency interest rate ahead of its March 18th policy meeting. Investors have been anticipating rate cuts as high as 1 percentage point at the meeting in order to fend off issues in the credit market.

Goldman Sachs reported Friday that it plans to remove about 1,500 jobs world-wide as the slowing economy lowers the demand for fixed-income trading. The cuts represent roughly 5% of the company's 30,500 employees. Although Goldman has not been significantly impacted by the mortgage crisis, the company remains cautious towards its 2008 outlook. They are concerned that a slower economy leading to... More

According to a regulatory filing Friday, Goldman Sachs' CEO, Lloyd Blankfein, received a $67.9 million bonus for 2007. The bonus is composed of $26.8 million in cash and restricted stock worth $41.1. According to Bill Coleman, senior vice president at Salary.com this is the one the largest executive bonuses in history. Goldman Sachs was one of the few financials who avoided much of the large losses... More

The Financial Times reported, that Goldman Sachs is attempting to raise between $4 and $6 billion to create a new hedge fund in an attempt to repair its reputation in the hedge fund business. The new fund comes after Goldman's Global Alpha fund, which is entirely driven by computer programming posted-double digit declines in 2006 and plunged as much as 30% in August. If the new fund gets close to... More

CMC Markets, a privately held securities dealing and spread-betting firm, reported that it has sold 10 percet of the company to Goldman Sachs for an undisclosed amount. CMC Markets it the largest provider of Contracts for Difference (CFDs) to private investors in the UK. Goldman reported, that it hopes to capture opportunities in the global derivatives markets through the deal.

Goldman sachs said that homes in california are overvalued by almost 40%. They said that stricter lending rules from banks should lead to a significant drop in the median price for a house in California. In August a median home in California was $589,000; however, according to Goldman Sachs economic conditions should only support a median price of $350,000 to $380,000. Goldman is betting that a... More

Goldman Sachs stock rose a staggering 5.4 percent on Tuesday to record highs as Goldman Sach's third quarter performance seems to look much better amongst a slue of credit problems facing its competitors. Last month Goldman reported a 79 percent rise in third quarter profits.

Winton Capital Management reported, that Goldman Sachs has bought almost a 10% stake in their company. Winton is British based hedge fund firm. It was not disclosed how much Goldman Sachs paid for this stake.