Goldman, which was working with Mr. Hamamoto and arranged $500 million in additional financing for the acquisition, ran only a standard background check on Mr. Burns — a public-records search […]
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Back to news homeTop U.S. Officials Consulted With BlackRock as Markets Melted Down
As Federal Reserve Chair Jerome H. Powell and Treasury Secretary Steven Mnuchin scrambled to save faltering markets at the start of the pandemic last year, America’s top economic officials were […]
Exxon Mobil Defeated by Activist Investor Engine No. 1
Wall Street has seen its share of strange bedfellows, but a recent alliance of investors that took on Exxon Mobil was unprecedented.Last week, an activist investor successfully waged a battle […]
China’s Biggest ‘Bad Bank’ Tests Beijing’s Resolve on Financial Reform
HONG KONG — BlackRock gave it money. So did Goldman Sachs.Foreign investors had good reason to trust Huarong, the sprawling Chinese financial conglomerate. Even as its executives showed a perilous […]
‘We Were Left With Nothing.’ Argentina’s Misery Deepens in the Pandemic.
Before the pandemic, Carla Huanca and her family were making modest but meaningful improvements to their cramped apartment in the slums of Buenos Aires.She was working as a hairstylist. Her […]
WeWork Will Go Public in a Merger With a SPAC
After a failed initial public offering and the near implosion of its business in 2019, WeWork said Friday that it had agreed to a deal that would take the beleaguered […]
Goldman Sachs Partners’ Exits Point to a Changing Culture at the Bank
Late in March, Gregg Lemkau, the longtime co-head of investment banking and an executive who was widely considered a potential Goldman C.E.O., sent a Twitter post about getting up during […]
Companies Say They Care About the Climate. Their Actions Fall Short.
There has been some progress by companies that have rigorous targets. In a report last month, Science Based Targets, which was started by the environmental groups and hundreds of businesses […]
Silver Rises With Hype It’s the Next GameStop, but a Backlash Mutes Gains
After the frantic price swings of companies like GameStop and AMC Entertainment tantalized the financial world last week, everyone wondered what the army of internet investors would set its sights […]
Blackstone’s Schwarzman Stays Loyal to Trump
To Mr. Schwarzman, the notion appeared absurd. “This has been a tough time,” he said, according to a participant who shared details from a transcript of the call. Both the […]