Today, our Board of Directors announced action with respect to past and current senior management compensation, among other areas of focus. About Goldman Sachs Merchant Banking Division Founded in 1869, The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm. Today, Goldman Sachs announced settlements that resolve the government and regulatory investigations of the 1MDB matter. Forward-looking statements are not … Further, while none of the past or current members of senior management were involved in or aware of the Firm’s participation in any illicit activity at the time the Firm arranged the bond transactions, the Board has determined that it is appropriate in light of the findings of the government and regulatory investigations and the magnitude of the total 1MDB settlement that compensation for certain past and current members of senior management be impacted. Zytara Dec 04, 2020, 09:00 ET. Press Release Seth Bernstein, President & CEO and Ali Dibadj, Head of Finance & Strategy, to Participate in the 2020 Goldman Sachs US Financial Services Virtual Conference on … Goldman Sachs BDC, Inc. 2020-265. Schedules Earnings Release and Conference Call to Announce Second Quarter 2020 Results (7/9/2020), Goldman Sachs BDC, Inc. and Goldman Sachs Middle Market Lending Corp. JetBlue and Marcus by Goldman Sachs Announce Broader Availability of MarcusPay™ – An Option for Customers to Pay Over Time. DALLAS, Dec. 9, 2020 /PRNewswire/ -- Goldman Sachs Merchant Banking Division & Dalfen Industrial purchased 10 last mile properties. Schedules Earnings Release and Conference Call to Announce First Quarter 2016 Results (04/07/2016), Goldman Sachs BDC, Inc. Reports Fourth Quarter 2015 Financial Results and Announces First Quarter 2016 Dividend of $0.45 Per Share, Goldman Sachs BDC, Inc. All rights reserved. ... Press Releases. Please refresh the page and try again. Schedules Earnings Release and Conference Call to Announce Second Quarter 2016 Results (07/05/2016), Goldman Sachs BDC, Inc. Reports First Quarter 2016 Financial Results and Announces Second Quarter Dividend of $0.45 Per Share (05/09/2016), Goldman Sachs BDC, Inc. Goldman Sachs Announces 2020 Launch With GS Black and Latinx Entrepreneur Cohort. Schedules Earnings Release and Conference Call to Announce Fourth Quarter and Fiscal Year 2018 Results (02/05/2019), Goldman Sachs BDC, Inc. Reports Third Quarter 2018 Financial Results and Announces Quarterly Dividend of $0.45 Per Share, Goldman Sachs BDC, Inc. The Securities and Exchange Commission today announced charges against The Goldman Sachs … Private Securities Litigation Reform Act of 1995. The Goldman Sachs Group Inc. (Goldman Sachs or the Company), a global financial institution headquartered in New York, New York, and Goldman Sachs (Malaysia) Sdn. This action is entirely appropriate under the circumstances. Schedules Earnings Release and Conference Call to Announce Second Quarter 2017 Results (07/06/2017), Goldman Sachs BDC, Inc. Subsequent to the issuance of the firm's third quarter 2020 earnings release on October 14, 2020, the firm recorded an additional … Several years ago, we began making significant enhancements to our compliance and internal controls. The firm released the following statements and presentation after today's announcement by the United States Department of Justice. Schedules Earnings Release and Conference Call to Announce Third Quarter 2017 Results (10/10/2017), Goldman Sachs BDC, Inc. Reports Second Quarter 2017 Financial Results and Announces Quarterly Dividend of $0.45 Per Share (08/03/2017), Goldman Sachs BDC, Inc. We must always remain open to improvement, learn from our mistakes and accept the consequences when we fail. deepwatch Announces $53 Million Growth Round Led by Goldman Sachs Funding Accelerates R&D, Innovation, and Expansion of Advanced SOC Platform October 12, 2020 10:00 AM … Separately, in acknowledgement of the Firm’s institutional failures, five of the Firm’s former senior executive officers, the former Chief Executive Officer, the former Chief Operating Officer, a former Chief Financial Officer, the former Vice Chairman who was a CEO of Goldman Sachs International and the former Vice Chairman who was the Global Head of Growth Markets, will, to the extent not already paid, forfeit all or the majority of their outstanding Long-Term Performance Incentive Plan Awards that were granted in 2011 and which have a performance period that includes 2012 and 2013 when the 1MDB bond underwritings took place, and forfeit a portion of other previously awarded compensation, if applicable. Schedules Earnings Release and Conference Call to Announce Third Quarter 2015 Results (10/06/2015), Goldman Sachs BDC, Inc. Appoints Ross J. Kari to the Board of Directors (08/06/2015), Goldman Sachs BDC, Inc. Reports Second Quarter 2015 Financial Results and Announces Third Quarter Dividend of $0.45 Per Share (08/06/2015), Goldman Sachs BDC, Inc. Receives Investment Grade Credit Rating from Standard & Poor’s (08/05/2015), Goldman Sachs BDC, Inc. Amends Its Revolving Credit Facility In Connection with Its Reduced Asset Coverage Requirement (09/17/2018), Goldman Sachs BDC, Inc. There are consequences for not getting it right and this settlement is an important acceptance of this fact. Schedules Earnings Release and Conference Call to Announce Second Quarter 2019 Results (07/15/2019), Goldman Sachs BDC, Inc. Reports March 31, 2019 Financial Results and Announces Quarterly Dividend of $0.45 Per Share (05/09/2019), Goldman Sachs BDC, Inc. Announces It Will Seek Stockholder Approval to Reduce Its Asset Coverage Requirement to 150% and GSAM to Reduce Base Management Fee from 1.5% to 1.0%, If Approved (05/03/2018), Goldman Sachs BDC, Inc. While many good people worked on these transactions and tried to do the right thing, we recognize that we did not adequately address red flags and scrutinize the representations of certain members of the deal team, most notably Tim Leissner, and the outside parties as effectively as we should have. Note: Separate multiple email addresses with a comma or semicolon. Some error occurred. The amounts for these five individuals represent a portion of the pre-tax value of these awards granted or paid, and total approximately $67 million. Contacts. Several of our regulators have noted these substantial enhancements in their settlement documents. Today, Goldman Sachs announced settlements that resolve the government and regulatory investigations of the 1MDB matter. october 28, 2015. contact: matt anderson, 212-709-1691. nydfs announces goldman sachs to pay $50 million; accept three-year regulatory consulting abstention; admit failure to … I have thought a lot about our role in the 1MDB transactions and have weighed carefully the findings of the investigations. The recent acquisitions are located in Denver, … Schedules Earnings Release and Conference Call to Announce Second Quarter 2015 Results, Goldman Sachs BDC, Inc. Appoints Janet F. Clark to the Board of Directors (05/14/2015), Goldman Sachs BDC, Inc. Reports First Quarter 2015 Net Investment Income of $0.52 Per Share and Announces Second Quarter Dividend of $0.45 Per Share (5/14/2015), Goldman Sachs BDC, Inc. NEW YORK, Dec. 2, 2020 /PRNewswire/ -- Todd Gibbons, Chief Executive Officer, and Emily Portney, Chief Financial Officer, will speak at the Goldman Sachs 2020 US Financial Services … To this end, the Board has been and continues to be focused on ensuring the proper controls and oversight are in place, repairing the reputational damage that has been done, and reinforcing the values the Firm aspires to live by. Washington, D.C., July 15, 2010 — The Securities and Exchange Commission today announced that Goldman, Sachs & Co. will pay $550 million and reform its business practices to settle SEC charges that Goldman misled investors in a subprime mortgage product just as the U.S. housing market was starting to collapse.. The FCA and the Prudential Regulation Authority (PRA) have fined Goldman Sachs International (GSI) a total of £96.6 million (US$126 million) for risk management failures connected to 1Malaysia Development Berhad (1MDB) and its role in three fund raising transactions for 1MDB. Favorably Amends Its Revolving Credit Facility (11/05/2015), Goldman Sachs BDC, Inc. Kathy Matsui, Vice Chair of Goldman Sachs Japan, Co-Head of Macro Research in Asia and Chief Japan Equity Strategist, discusses the outlook for Japanese equities in 2021 on CNBC. Announce Amended and Restated Merger Agreement (6/11/2020), Goldman Sachs BDC, Inc. Reports March 31, 2020 Financial Results and Announces Quarterly Dividend of $0.45 Per Share (5/11/2020), Goldman Sachs BDC, Inc. SEC Charges Goldman Sachs With FCPA Violations. Please refresh the page and try again. Nearly two years ago, I said to all of you that our obligation is to be self-reflective and self-critical. Provides Estimated March 31, 2020 Financial Results and Schedules Earnings Release and Conference Call to Announce First Quarter Results (04/20/2020) PDF. Announces Series of Fixed Income Investor Meetings (01/17/2020), Goldman Sachs BDC, Inc. and Goldman Sachs Middle Market Lending Corp. A special committee of the Board of Directors, comprised of the Lead Director and the Chairs of each of the Audit, Risk, Public Responsibilities and Compensation Committees of the Board, will oversee and review the remediation efforts arising out of the lessons of 1MDB. More broadly, since the 1MDB transactions eight years ago, our Global Compliance Division has nearly doubled in size. … Schedules Earnings Release and Conference Call to Announce Fourth Quarter and Fiscal Year 2019 Results (01/22/2020), Goldman Sachs BDC, Inc. These improvements include re-designing our framework for addressing reputational risk, including the creation of a Firmwide Reputational Risk Committee that is made up of predominantly control-side members who are empowered to stop any transaction. Find the latest press releases from Goldman Sachs Group, Inc. (The) Common Stock (GS) at Nasdaq.com. This has been a long process and we are pleased to be putting these matters behind us. This press release may contain forward-looking statements. Bhd. The recent acquisitions are located in Denver, … The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client … Announces Offering of Shares of Common Stock (05/18/2017), Goldman Sachs BDC, Inc. Prices Offering of Shares of Common Stock (05/18/2017), Goldman Sachs BDC, Inc. Reports First Quarter 2017 Financial Results and Announces Quarterly Dividend of $0.45 Per Share (05/04/2017), Goldman Sachs BDC, Inc. Provides Estimated March 31, 2020 Financial Results and Schedules Earnings Release and Conference Call to Announce First Quarter Results (04/20/2020), Goldman Sachs BDC, Inc. FOR IMMEDIATE RELEASE 2019-260 Washington D.C., Dec. 16, 2019 — The Securities and Exchange Commission today announced charges against former Goldman Sachs … Clawbacks, forfeitures and compensation reductions will total approximately $ 174 million in the News Goldman Sachs,. That resolve the government and regulatory investigations of the 1MDB matter to put reputational risk at the center of decision-making. ) PDF new control procedures for higher risk sovereign-related financings and strengthening conduct oversight weekly email trends. Or semicolon process and we are not putting the lessons learned from this behind. 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