new dad, husband, brother, Wall Street reporter, thinker, mountaineer. For tips or otherwise, I'm at dcampbell27 [at] bloomberg [dot] net.

Goldman Sachs Plans to Cut 15 Jobs in New York by Year-End

Goldman Said to Name Consumer Arm ‘Marcus’ After Company Founder — Goldman Sachs Group Inc. plans to name its online consumer-lending operation "Marcus by Goldman Sachs" after the company's founder, according to a person with knowledge of the decision. The name is an homage to Marcus Goldman, a German immigrant who founded the firm in 1869, the person said, asking for anonymity to discuss the decision before it's been made public.

Citigroup’s Raytcheva Said to Depart to Start Macro Hedge Fund — Citigroup Inc. mortgage trader Anna Raytcheva, who most recently ran a trading desk that wagered the bank's money, will leave the firm later this month. Raytcheva, who joined the Citibank options-trading desk in 1994, is departing on Aug. 29 to pursue other opportunities, according to an Aug.

Ex-Goldman Bond Trader Chin Barred From Industry by SEC — Edwin Chin, a former Goldman Sachs Group Inc. trader in residential mortgage-backed bonds, agreed to be barred from the securities industry over allegations that he misled customers and caused them to pay higher prices. Chin "generated extra revenue for Goldman by concealing the prices at which the firm had bought" various securities, according to a statement Tuesday from the Securities and Exchange Commission.

Citigroup Said to Cut Up to 300 Jobs in Global Markets Division — Citigroup Inc., the third-largest U.S. bank, cut 200 to 300 jobs in its division handling stock and bond trades to shrink costs amid a slump, according to a person familiar with the matter. The reductions amount to about 2 percent of the workforce in the bank's global markets business, the person said, asking not to be named because firings are confidential.

Goldman Sachs Bolsters Quant Team, Hires Turok From BlackRock — Goldman Sachs Group Inc. is bolstering a team of strategists who help develop products for institutions and wealthy clients based on computer-learning technology, one of the fastest growing units in the investment-management division. BlackRock Inc.'s Michael Turok will join Goldman Sachs later this year to lead a team of two dozen quantitative-investment strategists, according to an Aug.

Fund Lawyer Who Worked With Goldman Holds 1MDB Clues, U.S. Says — She was the general counsel for Malaysia's 1MDB investment fund. She was also 1MDB's liaison to Goldman Sachs Group Inc., the global bank that helped it raise $6 billion. After one of the big sales led by Goldman Sachs, $5 million of the cash raised for 1MDB traveled through shell companies and ended up in her Swiss bank account, the U.S.

Cole Said to Approach Ex-Goldman Colleagues to Start Venture — Chris Cole, the former co-chairman of investment banking at Goldman Sachs Group Inc., has begun a new venture to advise companies on mergers and acquisitions, according to people familiar with his plan. Cole, 57, has approached former Goldman Sachs colleagues to work with his firm, said the people, who asked not to be identified discussing his private plans.

Prosper Said to Pitch Fund That Would Buy Its Online Loans — Prosper Marketplace Inc. is setting up a private fund that will purchase consumer loans arranged through its online platform, providing another source of capital to fuel growth after other investors pulled back.

Goldman Faces Fed Enforcement Action in Leak Case: NY Times — Goldman Sachs Group Inc. is facing a Federal Reserve enforcement action over the 2014 leak of confidential documents to the bank by one of the regulator's employees, according to the New York Times. Goldman Sachs is expected to pay a fine to settle the case, the Times reported Monday, citing people familiar with the matter that it didn't identify.
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Aug 25, 2016

RT @NBuhayar: Ajit Jain, one of Buffett’s top managers, just broke down the challenges facing Gen Re. The problem: too many costs 

Aug 19, 2016

RT @bobivry: Goldman's "Marcus" will lend you money, tell you where the best nearby bagel is (OK, just the loan)  @dakincampbell

Aug 19, 2016

Goldman Said to Name Consumer Arm ‘Marcus’ After Company Founder  $gs

Aug 18, 2016

The Citigroup prop trader we first introduced in 2014 has left the bank  The first story: 

Aug 18, 2016

@chafkin Two features out on the same day?! Impressive.

Aug 17, 2016

RT @zachmider: New Trump operatives bring deep ties to one of the most enigmatic figures in politics: investor Robert Mercer. 

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