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Factbox-Brokerages still expect 25-bps US rate cut in December

Citigroup and major brokerages predict a 25-basis-point interest rate cut by the Fed in December 2023 following strong job growth and revised payroll data.

• GS

Goldman Sachs weighs sale of ETF Accelerator platform

Goldman Sachs is considering its ETF Accelerator platform's future, which may include a sale. The platform helps clients launch ETFs with lower initial costs.

• GS

Goldman explores options for platform clients use to launch ETFs, source says

Goldman Sachs is considering options for its ETF Accelerator platform, including a potential sale, while emphasizing no decision has been made yet.

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Goldman Sachs quits global climate coalition for banks

Goldman Sachs has exited the Net-Zero Banking Alliance amidst anti-trust concerns, emphasizing a focus on sustainability goals and continuing commitments to climate-related financing and investment strategies.

• GS
• MS

HSBC downgrades Goldman Sachs, Morgan Stanley on limited upside after rallies

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Northvolt crisis may be make or break for Europe's EV battery ambitions

• GS

Goldman Sachs CEO Solomon sees robust capital markets next year, CNBC reports

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Morning Bid: Treasuries pop on US Secretary race, Russia warning

U.S. Treasuries rose amid speculation over Trump's Treasury Secretary pick and geopolitical tensions, while global markets faced a risk-off mood due to trade and economic concerns.

• GS

Goldman Sachs chairman expects deals to pick up in 2025

Goldman Sachs' David Solomon expects increased capital raising and M&A activity in 2025 with the new U.S. administration, reflecting a surge in market confidence.

• GS

Goldman Sachs looking to spin out its digital assets platform, source says

Goldman Sachs plans to spin out its digital assets technology platform, aiming to execute within 12-18 months amid rising cryptocurrency adoption and bitcoin's increased value.