Hedge funds have been selling U.S. financial stocks at a rapid pace, making it one of the most net selling sectors in the week of Dec. 1-7, according to a report by Goldman Sachs prime broker。The report added that financial stocks had seen net selling in 10 of the past 14 weeks, while last week's selling rate was the fastest in a month, bringing hedge funds' net exposure to financial stocks to their lowest level since March 2020.。

On October 16, according to media reports, Goldman Sachs (Goldman Sachs) suffered a huge loss on the Apple Card, an unnamed Goldman Sachs executive said: "We should not have signed the relevant contract, this is a mistake."。Goldman regrets the entire Apple Card partnership, which lost more than $1 billion on the business as of January this year.。Goldman Sachs has historically profited by providing financial services to businesses, financial institutions and governments, and its partnership with Apple to launch Apple Card was its first step into the consumer lending business, but that step was unsuccessful, and even Goldman Sachs spent most of the year trying to exit the consumer lending business.。

In its latest China Equity Strategy Report, Goldman Sachs noted that markets outside of Japan in the Asia-Pacific region continue to recommend overweighting Chinese stocks to bet on a possible rebound by the end of the year。It is predicted that the potential returns of the Hang Seng Index, the SOE Index and the Hang Seng Technology Index will reach 5%, 6% and 12% respectively in the fourth quarter, and the potential returns of the CRE 50 Index, the ChiNext Index and the CSI 300 Index will be 7%, 3% and 3% respectively in the same period.。Goldman Sachs believes that some of the policies can be seen as an upside surprise relative to expectations of a market downturn。

The Monetary Authority of Singapore (MAS) has issued a lifetime restraining order against Roger Ng.。

On August 31, the media reported that U.S. banking regulators raised related risk and compliance concerns about Goldman's partnership with fintech companies.。

On August 21, local time, Goldman Sachs said it was considering selling some of its wealth business, refocusing the company on serving the super-rich rather than mass-market high-net-worth clients.。

A new round of regulatory scrutiny in the United States has sparked a hiring spree at Goldman Sachs, which is recruiting hundreds of new employees, according to media reports。Although the company has cut executives from its revenue-generating unit amid a downturn in business, the back-office hiring boom continues。It's common for regulators to question large financial companies, but Goldman Sachs executives say privately that pressure from the Fed has grown over the past year。If not satisfied, regulators can implement increasingly formal and possibly onerous measures behind the scenes to force banks to overhaul their operations and procedures。

On June 28, local time, the Federal Reserve said that 23 large U.S. banks had passed the Fed's annual stress test.。This news will undoubtedly give the recent turmoil in the banking industry to eat down a reassurance.。

Goldman Sachs is reportedly signaling at its monthly executive meeting that it will take more painful steps to cut costs。Goldman Sachs is accelerating its plan to cut $1 billion in costs as managers target smaller and smaller projects and consider cutting more staff。