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Stories of Interest
- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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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.