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Stories of Interest
- Latham & Watkins Chair Bill Voge Resigns Over Sexual Messages
- Jefferies Equity Trading Slips Even as Volatility Increases
- Can Jes Staley Fix Barclays Fast Enough?
- Deutsche Bank Slides 6.2% After Warning of $550Mn Q1 Headwind
- UBS to Pay $230Mn to N.Y. in Mortgage Securities Probe
- With At Least 190 Cryptocurrency Exchanges, Here's How to Pick Right One
- Mark Zuckerberg Lost $9Bn in Wealth Over Past 48 Hours
- Keynote Address, ICI 2018 Mutual Funds & Investment Management Conference
- SEC Announces Largest-Ever Whistleblower Awards
- From a $126Mn Bonus to Jail: Fall of a Star Trader
- Barclays Shares Surge as Activist Takes 5.2% Stake
- Standard Chartered Puts Compliance Head Neil Barry on Leave
- Goldman Sachs Pays Women in U.K. 56% Less Than Male Colleagues
- Deutsche Bank Leads Bulls with Higher Trading Revenue Forecast
- SocGen Cuts Traders' Bonus Pool by a Quarter
- Point72's Haynes Resigns as Cohen Seeks a New Type of Leader
- Steve Eisman, Who Called the 'Big Short' During Financial Crisis, Sleeping Easy Now
- Bitcoin's ‘Death Cross’ Looms as Strategist Eyes $2,800 Level - From Current Price of $8,120
- U.K. Brokerage Firm, Investment Manager, CEO Manipulated Trading in U.S. Microcap Stocks - SEC
- Billionaire Investor John Paulson's Hedge Fund Is 'Rightsizing', And a Bunch of Senior Staff are Leaving
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NEWSLETTERS & ALERTS
Blankfein Reportedly Will Leave Goldman Sachs by Year's End
[Photo: Lloyd Blankfein by Paul Elledge / Wikimedia.com]
Lloyd Blankfein, who has repeatedly indicated that he is in no hurry to leave Goldman Sachs, will step down as Chairman and CEO by the end of 2018 - according to a report in the WSJournal. Mr. Blankfein has served as CEO since 2006. He's 63 and was diagnosed with cancer (lymphoma) in 2015.
David Solomon and Harvey Schwartz, Goldman Sach's Co-Presidents, are currently the odds-on favorites to fill Blankfein's vacancy. [Financialish Note: Though it would seem unlikely that either would be assigned the dual titles of Chairman and CEO.] Both were named to their current position, as successors to Gary Cohn who left to become top economic adviser to Donald Trump.
- Solomon is a long-time investment banker and advisor to some of the firm's most important clients.
- Schwartz was the firm's CFO and once ran the firm's trading operations.