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Goldman Sachs

Greece Raises €3.5 Billion from 15-year Bond Issue

Greece on Tuesday successfully completed a 15-year syndicated bond issue, raising 3.5 billion euros ($3.86 billion) at an interest rate of 4.45%. Bids submitted exceeded 13.4 billion euros, of which 11.6 billion in cash and 1.8% in bond swap. The Greek...

Moody’s, Goldman Sachs Upgrade Prospects for Greek Economy

The prospects for the Greek economy have been lauded by two separate reports from  Moody's and Goldman Sachs. Moody's estimates that the general government debt will be falling below 150% of GDP in 2025 from 171.3% in 2022, thanks to...

Greece Close to Regaining Investment Grade Status, Goldman Sachs Says

On Friday, Goldman Sachs said that Greece is "on the cusp" of regaining an investment-grade rating more than 12 years after Greece's credit rating was impacted by the financial crisis. According to Goldman Sachs, the second-largest investment bank in the...

Goldman Sachs to Pay $215MN to Resolve Gender Discrimination Lawsuit

Goldman Sachs has recently agreed to pay a sum of $215 million to resolve a lawsuit brought against them by around 2,800 female employees. The employees claimed that they were paid less than their male counterparts at the company. This...

Goldman Sachs to Invest in Greek Real Estate, Tourism

American multinational Goldman Sachs is set to join other foreign companies that have been investing in Greek real estate, which is booming. According to a report in the Wall Street Journal, the American company will initially invest approximately 150 to...

Piraeus Bank Expects to Raise $1.66 Billion Though Equity Offering

Piraeus Bank, one of Greece's four big lenders, expects to raise 1.38 billion euros ($1.66 billion) through the capital increase process

Goldman Sachs: Greek Banks have Limited Ability to Withstand Shocks

Greek banks have a limited ability to withstand external or internal shocks, a Goldman Sachs report says. According to Capital.gr website, Goldman Sachs representatives were in Athens and had contacts with bank executives and policy makers in order to assess...

Goldman Sachs: Govt-Troika Agreement More Important to Reducing Borrowing Costs Than ECB Decision

Quantitative easing, announced on Thursday by European Central Bank President Mario Draghi, is not going to be as influential in reducing Greece's borrowing cost as will an agreement between the government formed after Sunday's national elections and the Troika of...

DW: Greece Could Fall Behind Again

The euro crisis, considered overcome by many in Europe, could return on a massive scale in 2015. If Greece's far-left SYRIZA party, which is currently leading in opinion polls, wins snap elections, financial market confidence will likely be...

Second Day of Losses in Athens Stock Exchange

For a second day in a row, Greek stocks and state bonds remain under heavy pressure. Starting yesterday and hit by a wave of selling foreign investors, the Athens Stock Exchange (ASE) index fell more than 7%, significantly below the 900-point...