About: Goldman Sachs

EU Ombudsman: Barroso and Selmayr cases gave ammunition to populists

The European Union's ombudsman has voiced "frustration" to AFP that high-profile lapses in standards by the bloc's institutions in recent years provide "ammunition" for eurosceptics to attack the EU.

Frankfurt, Paris ‘to get most Goldman Brexit jobs’

Frankfurt and Paris are expected to gain the most jobs from Goldman Sachs as it transfers staff out of London due to Brexit, a person familiar with the matter said Tuesday.

Goldman CEO has high hopes for London HQ post-Brexit, despite uncertainty

Goldman Sachs chief executive Lloyd Blankfein expects to fill the firm's new European headquarters which is currently under construction in London, but said Britain's exit from the European Union left much outside the bank's control.

Trans-Europe Express: Germany’s tolerance deficit

Asked to explain the AfD’s surge in the polls, Merkel offered a strictly economic analysis. The problem was that she was wrong.

EU watchdog opens probe into Barrosogate

Ombudsman Emily O’Reilly began investigating the Commission’s handling of the Barrosogate scandal today (28 February).

Goldman Sachs to slash London presence due to Brexit

US bank Goldman Sachs will move 1,000 staff from London to Frankfurt as part of a post-Brexit reorganisation that will reduce its City headcount by half, German business daily Handelsblatt reported today (19 January).

Emily O’Reilly: Europe could face a ‘Marie Antoinette moment’

EU Ombudsman Emily O'Reilly warned that the bloc needs to create jobs and restore citizen confidence in order to stop a "wave of populism" in the West. EURACTIV Spain reports.

EU takes on US in tit-for-tat bank row

The EU will require big foreign banks operating in Europe to set aside billions in reserve funds in a tit-for-tat move against the United States that could also affect post-Brexit Britain, according to a draft proposal seen by AFP.

Lessons from the Barroso affair: How to reform Commission ethics

After months of procrastinating, Jean-Claude Juncker has now suggested extending the cooling off period for former Commission presidents. Unfortunately, the proposal is too weak to prevent scandals like ‘Barrosogate’ from happening again.

Barroso says controversy over his new job shows EU is hostile to US

Former European Commission chief José Manuel Barroso today (6 October) said controversy over his appointment to a job at Goldman Sachs revealed anti-US hostility in Europe.

Frans Timmermans: ‘The European project can fail’

Frans Timmermans said Europe’s social contract is broken; social mobility is a thing of the past and we have let our young citizens down. He believes urgent action must be taken to save the European Union. An interview by EURACTIV's partner Ouest-France.

Barroso cleared of wrongdoing by EU ethics committee

Former European Commission President José Manuel Barroso did not breach EU ethics rules but he may have been unwise to take a controversial top job at US investment bank Goldman Sachs after leaving office, an EU panel said today (31 October).

Parliament freezes Commissioners’ pensions over code of conduct row

EXCLUSIVE /  MEPs have responded to the recent conflicts of interest concerning members of the Barroso Commission by freezing part of the allowance granted to former Commissioners at the end of their mandate. EURACTIV France reports.

Parliament calls for tougher action to stop Commission’s revolving doors

EU lawmakers have demanded the European executive strengthen its code of conduct for Commissioners, following the repeated revolving door scandals involving former members of the Barroso Commission. EURACTIV France reports.

Barroso riles against ‘discriminatory’ EU in Goldman Sachs row

Former European Commission President José Manuel Barroso on Tuesday (13 September) accused Brussels of discrimination after it ordered an ethics probe into his new role at US investment bank Goldman Sachs.

Juncker forces Barroso to face humiliating security checks in Brussels

José Manuel Barroso will face humiliating security checks after Jean-Claude Juncker, his successor as European Commission President,  stripped him of the privileges traditionally offered to visiting dignitaries in Brussels.

EU Ombudsman tells Juncker to clarify his stance on Barroso’s new job

Emily O'Reilly has urged European Commission President Jean-Claude Juncker to address widespread concerns and clarify the institution’s position on the appointment of his predecessor, José Manuel Barroso, as the non-executive chairman of Goldman Sachs.

Commission’s private-sector ‘revolving door’ should work in public interest

Former Commission President Barroso’s job offer at Goldman Sachs has prompted outrage. But the real problem is the EU’s lack of transparency and democratic oversight. Interaction with the private sector through the so-called “revolving door” should be encouraged, write Katinka Brouwer, Penelope Bergkamp and Dr Lucas Bergkamp.

Civil servants join call to cut Barroso’s EU pension after Goldman Sachs hire

The main trade union of EU civil servants has added its voice to the chorus of politicians demanding that the European Commission take an "appropriate decision" on José Manuel Barroso's new position at Goldman Sachs. EURACTIV France reports.

UK must remain in EU, says Goldman Sachs

The UK should remain in the EU to protect the future of the City of London, according to the president and CEO of Goldman Sachs, Gary Cohn.

EU lawmakers back derivatives crackdown

The European Parliament's economic affairs committee has voted overwhelmingly in favour of a draft law to standardise derivatives so they can be moved through central clearing houses to reduce risk and improve transparency.

IMF bank levy plans will not catch hedge funds, say critics

A long-awaited International Monetary Fund (IMF) report written for the upcoming G20 talks endorsed a bank levy but cautioned against a transactions tax to fund future bailouts. Critics, however, argue that such a levy will push financial activity towards hedge funds, heightening systemic risk.

Goldman fraud charge invigorates EU derivatives crackdown

Lawmakers in Brussels see more cause to pass laws to curb derivatives trading, as the only bank to yield profits during the financial crisis is charged with knowingly reselling shoddy mortgages to benefit a hedge fund counting on their demise.